Confidential, Preliminary & Highly Illustrative for Discussion Purposes Reference Materials for Goldman Sachs & Co. LLC February 28th, 2026 Goldman Sachs does not provide accounting, tax, or legal advice. Notwithstanding anything in this document to the contrary, and except as required to enable compliance with applicable securities law, you (and each of your employees, representatives, and other agents) may disclose to any and all persons the US federal income and state tax treatment and tax structure of the transaction and all materials of any kind (including tax opinions and other tax analyses) that are provided to you relating to such tax treatment and tax structure, without Goldman Sachs imposing any limitation of any kind.

1 Confidential, Preliminary & Highly Illustrative for Discussion Purposes Precedent Special Committee Bid Bump Analysis Announced Date Target Acquirer Target Industry Sector Initial Bid Final Bid Number of Bids From Winning Bidder Bump from Initial to Final Bid % Increase Days Between Initial and Final Bid 8-Dec-25 Confluent IBM Technology $ 27.00 $ 31.00 4 $ 4.00 15 % 12 22-Sep-25 Premier Patient Square Capital Business Services $ 27.00 $ 28.25 3 $ 1.25 5 % 87 17-Oct-24 Zuora GIC, Silver Lake Technology $ 9.75 $ 10.00 2 $ 0.25 3 % 0 1-Aug-24 R1 RCM CD&R, Towerbrook Technology $ 13.25 $ 14.30 5 $ 1.05 8 % 29 13-May-24 Squarespace Permira Technology $ 40.50 $ 46.50 5 $ 6.00 15 % 206 2-Apr-24 Endeavor Group Holdings Silver Lake Business Services $ 24.50 $ 27.50 4 $ 3.00 12 % 3 26-Feb-24 Agiliti Thomas H. Lee Partners Healthcare $ 9.00 $ 10.00 8 $ 1.00 11 % 133 18-Dec-23 Alteryx Clearlake, Insight Technology $ 41.50 $ 48.25 5 $ 6.75 16 % 57 23-Oct-23 EngageSmart Vista Equity Partners Technology $ 22.00 $ 23.00 3 $ 1.00 5 % 12 14-Mar-23 Cvent Blackstone Technology $ 8.00 $ 8.50 5 $ 0.50 6 % 111 27-Feb-23 Focus Financial Partners CD&R Financial Services $ 45.00 $ 53.00 7 $ 8.00 18 % 165 9-Jan-23 Duck Creek Technologies Vista Equity Partners Technology $ 15.00 $ 19.00 4 $ 4.00 27 % 73 25-Jul-22 Shell Midstream Partners Shell Energy $ 12.89 $ 15.85 6 $ 2.96 23 % 148 11-May-22 Switch DigitalBridge Group, IFM Technology $ 34.00 $ 34.25 2 $ 0.25 1 % 56 11-Apr-22 SailPoint Technologies Thoma Bravo Business Services $ 60.00 $ 65.25 4 $ 5.25 9 % 17 14-Feb-22 Cornerstone Building Brands CD&R Industrial $ 22.00 $ 24.65 6 $ 2.65 12 % 90 12-Jul-21 State Auto Financial Liberty Mutual Financial Services $ 43.00 $ 52.00 3 $ 9.00 21 % 273 18-Jun-21 Sykes Enterprises CREADEV Technology $ 53.00 $ 54.00 2 $ 1.00 2 % 33 6-May-21 At Home Group Hellman & Friedman Retail $ 32.00 $ 37.00 7 $ 5.00 16 % 97 Median 4 12 % 73 Source: Deal Point, public filings Note: Includes friendly transactions with public target, special committee assignment for target, enterprise value greater than $1bn, 2021 – 2025, completed, all cash, US-only. For initial bids covering a range of values, initial bid reflects low end of range.