Zalupski Patrick O. bought DFH

Footnotes

POZ BR, LLC (the "reporting person"), of which Mr. Zalupski is the sole equity owner, entered into a prepaid variable forward sale contract with an unaffiliated third party buyer whereby the reporting person pledged an aggregate of 1,000,000 shares (the "Pledged Shares") of Dream Finders Homes, Inc. Class B common stock to secure its obligations under the contract, and retained dividend and voting rights in the Pledged Shares during the term of the pledge.; The contract obligates the reporting person to deliver to the buyer, on the applicable settlement date for each of the 10 components, up to one hundred percent (100%) of the number of Pledged Shares for such component or, at the reporting person's option, an equivalent amount of cash. The number of shares of Common Stock to be delivered to the buyer on the settlement date (or on which to base the amount of cash to be delivered to the buyer on the settlement date) is to be determined as follows: (a) if the closing price of the Common Stock on the designated valuation date for the applicable component within the period from December 3, 2029 to December 14, 2029 (each, a "Settlement Price") is less than or equal to $12.02 (the "Floor Price"), the reporting person will deliver to the buyer all of the Pledged Shares for the applicable component;; (Continued from Footnote 2) (b) if such Settlement Price is greater than the Floor Price but less than or equal to $26.29 (the "Cap Price"), the reporting person will deliver to the buyer the number of shares equal to one hundred percent (100%) of the Pledged Shares for the applicable component multiplied by a fraction, the numerator of which is the Floor Price and the denominator of which is such Settlement Price and (c) if such Settlement Price is greater than the Cap Price, the reporting person will deliver to the buyer the number of shares equal to one hundred percent (100%) of Pledged Shares for the applicable component multiplied by a fraction, the numerator of which is the Floor Price plus the excess of such Settlement Price over the Cap Price, and the denominator of which is such Settlement Price.; In connection with the entry into the forward contract, the reporting person is entitled to receive an upfront cash payment of $9.7 million.; Mr. Zalupski is the sole equity holder of POZ BR, LLC and has assigned his rights to the Pledged Shares and the shares of Class A Common Stock issuable in conversion therefor to POZ BR, LLC.