Company: HOUS
Filing Date: 2025-12-02
Form Type: DEFM14A
Source: 0001628280-25-054793
Chunk: 35

Company: Anywhere Real Estate Inc.
Filing Date: 2025-12-02
Form: DEFM14A
Chunk 35
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 (the last full trading day before the announcement of the merger), the closing price per share of Compass Class A common stock was $9.40, which, after giving effect to the exchange ratio of 1.436, has an implied value of approximately $13.50 per share. On December 1, 2025 (the last full trading day before the date of this joint proxy statement/prospectus), the closing price per share of Compass Class A common stock was $10.63, which, after giving effect to the exchange ratio of 1.436, has an implied value of approximately $15.26 per share. The market value of Compass Class A common stock at the time of completion of the merger could be greater than, less than or the same as the market value of Compass Class A common stock on the date of this joint proxy statement/prospectus. We urge you to obtain current market quotations for the shares of Compass Class A common stock and Anywhere common stock.

For more details on the exchange ratio, see “The Merger Agreement—Merger Consideration.”

#### Treatment of Anywhere Equity Awards (page

#### 96
#### )

Anywhere RSU Awards, Anywhere DSU Awards and Anywhere PSU Awards

Except as set forth below, at the effective time, each outstanding Anywhere RSU Award, each outstanding Anywhere DSU Award and each outstanding Anywhere PSU Award (other than any Anywhere RSU Award or Anywhere DSU Award granted to a non-employee director of Anywhere) will be canceled and converted into an award of restricted stock units (a “Compass RSU Award”) covering a number of shares of Compass Class A common stock (rounded to the nearest whole share) equal to the product of (i) the total number of shares of Anywhere common stock subject to the Anywhere RSU Award, Anywhere DSU Award or Anywhere PSU Award, as applicable, immediately prior to the effective time, multiplied by (ii) the exchange ratio, with substantially the same terms and conditions (including vesting and accelerated vesting) as applied to the corresponding Anywhere RSU Award, Anywhere DSU Award or Anywhere PSU Award, as applicable, immediately prior to the effective time (except that Anywhere PSU Awards will only be subject to service-based vesting and any performance goals will cease to apply). With respect to each Anywhere PSU Award, performance goals will be determined based on the average of any individual performance periods (to the extent applicable and set forth