Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 9

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 9
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 Veritex common stock receive in the merger? |

| A: | In the merger, holders of Veritex common stock will receive 1.95 shares of Huntington common stock for each share of Veritex common stock held immediately prior to the completion of the merger (other than certain shares held by Huntington or Veritex). Huntington will not issue any fractional shares of Huntington common stock in the merger. Holders of Veritex common stock who would otherwise be entitled to a fractional share of Huntington common stock in the merger will instead receive an amount in cash (rounded to the nearest cent) determined by multiplying the average of the closing sale prices per share of Huntington common stock on the NASDAQ as reported byThe Wall Street Journalfor the five (5) consecutive full trading days ending on the day preceding the day on which the merger is completed (the “Huntington share closing price”) by the fraction of a share (rounded to the nearest thousandth when expressed in decimal form) of Huntington common stock that such shareholder would otherwise be entitled to receive. |

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TABLE OF CONTENTS

| Q: | Will the value of the merger consideration change between the date of this proxy statement/prospectus and the time the merger is completed? |

| A: | Yes. Although the number of shares of Huntington common stock that holders of Veritex common stock will receive is fixed, the market value of the merger consideration will fluctuate between the date of this proxy statement/prospectus and the completion of the merger based upon the market value for Huntington common stock. Any fluctuation in the market price of Huntington common stock after the date of this proxy statement/prospectus will change the implied value of the shares of Huntington common stock that holders of Veritex common stock will receive. Neither Huntington nor Veritex is permitted to terminate the merger agreement as a result, in and of itself, of any increase or decrease in the market price of Huntington common stock or Veritex common stock. |

| Q: | How will the merger affect Veritex equity awards? |

| A: | At the effective time: |

| • | each outstanding option to purchase Veritex common stock under Veritex’s stock plans (each, a “Veritex stock option”) with a per-share exercise price that is less than the per-share value of the merger consideration will be automatically cancelled in exchange for the right to receive an amount in cash (less applicable tax withholdings) equal to the product of (i) the excess of