dMY II $14.8M Securities Class Action Settlement

Investors who held dMY Technology Group Inc. II Class A common stock between the close of business on March 12, 2021, and April 20, 2021, may be eligible to claim a cash payment from a class action settlement.

dMY Sponsor II LLC and certain former directors and officers agreed to pay $14.8 million to settle a class action lawsuit alleging they impaired stockholders’ ability to make an informed redemption decision in connection with the April 2021 business combination with Genius Sports Ltd.

Who can file a claim?

The settlement class includes:

• All record and beneficial holders of dMY Technology Group Inc. II Class A common stock who held those shares between the close of business on March 12, 2021, and April 20, 2021
• Successors in interest who acquired eligible shares by operation of law, such as through inheritance or a trust

Additional details

• The class is certified for settlement purposes only and is non-opt-out.
• Both individuals and entities can be class members.
• Beneficial owners who held shares through a broker or nominee are eligible to file a claim.
• Executors, administrators, guardians, conservators and trustees may submit claims on behalf of others and must provide documentation proving their authority.

How much is the dMY II payout?

The total settlement fund is $14,800,000. The amount each class member will receive depends on several factors:

• The number of valid claims submitted
• The number of eligible shares held
• Whether and when shares were sold
• The total recognized losses of all claimants

The settlement administrator will distribute payments on a pro rata basis according to a court-approved plan of allocation.

• Recognized loss amounts depend on share status and sale timing:
• For each eligible share sold before the close of trading on Sept. 12, 2023, for less than $10.01, the recognized loss equals $10.01 minus the sale price plus $0.10 per share.
• For each eligible share sold before the close of trading on Sept. 12, 2023, at $10.01 or more, the recognized loss equals $0 plus $0.10 per share.
• For each eligible share held as of the close of trading on Sept. 12, 2023, the recognized loss equals $3.92 per share plus $0.10 per share.

• No recognized loss is calculated for any share redeemed in connection with the merger.
• The settlement administrator will set the recognized loss to zero if the calculation results in a negative number.

• If total recognized losses exceed the net settlement fund, the settlement administrator will reduce payments on a pro rata basis.
• Claimants whose calculated payment would be less than $10 will not receive a payout.

How to claim a dMY II securities class action settlement payment

Class members may file a claim online or download, print and complete the PDF claim form and mail it to the settlement administrator. The deadline to file a claim is April 24, 2026.

Settlement administrator's mailing address: dMY II Stockholder Litigation, c/o A.B. Data Ltd., P.O. Box 173124, Milwaukee, WI 53217

Proof or documentation required to submit a claim

All class members must provide the last four digits of their Social Security number or their full taxpayer identification number. They must also provide purchase, acquisition and sale information, including:

• Trade dates
• Number of shares held, purchased or sold
• Total purchase or sale price

Claimants must provide documentation supporting their holdings and transactions in dMY II Class A common stock or Genius Sports common stock. Acceptable proof includes:

• Broker confirmation slips
• Broker account statements
• Authorized statements from a broker showing transactional and holding information

Payout options

• Physical check

$14.8 million settlement fund

The $14,800,000 settlement fund includes:

• Settlement administration costs: To be determined
• Attorneys’ fees: Up to $2,960,000
• Attorneys’ expenses: To be determined
• Service awards to class representatives: Up to $10,000 total
• Payments to eligible class members: The remainder of the fund

Important dates

• Fairness hearing: Feb. 23, 2026
• Deadline to file a claim: April 24, 2026

When is the dMY II stockholder class action settlement payout date?

The settlement administrator will issue payments to eligible class members after the court grants final approval of the settlement and resolves any appeals.

Why is there a class action settlement?

The class action lawsuit alleged dMY II’s directors and officers breached their fiduciary duties by providing misleading information related to the merger with Genius Sports Ltd., which allegedly impaired stockholders’ ability to make informed redemption decisions.

dMY Sponsor II LLC and the named defendants denied all allegations of wrongdoing and liability but agreed to settle to avoid the risks, costs and delays of further litigation.

Sources

1. Class notice
2. Proof of claim form