*There can be no assurance that the performance of any such professional serves as an indicator of future performance. There is no guarantee that Summit's professionals will successfully implement the Summit funds’ investment strategy. As an employee of Summit, the Authors were compensated by Summit, which creates potential conflicts of interest in connection with the views expressed herein. A complete list of Summit employees is available upon request.

As of March 31, 2026. This Summary is not an offer or the solicitation of an offer to purchase any security. This Summary is intended solely for existing limited partners. The Summary is made available for informational and discussion purposes only.

This Summary is not intended to be relied as the basis for any investment decision, and is not, and should not be assumed to be, complete. This Summary is not intended, and may not be relied on in any manner, as legal, business, tax, investment, accounting or other advice, and each recipient of the Summary should consult its own attorney, business advisor and tax advisor as to any legal, business, tax, investment or accounting advice. THE SUMMARY IS SUBJECT TO THE DISCLAIMERS, NOTES AND QUALIFICATIONS CONTAINED IN THIS DISCLAIMER.

References herein to “expertise” or any party being an “expert” or other particular skillsets are based solely on the belief of Summit Partners and are provided only to indicate proficiency as compared to an average person. Such references should not be construed or relied upon as an indication of future performance or other future outcomes.

This Summary has been provided for illustrative purposes only. The observations set forth herein reflect the views and opinions of Summit Partners. Although Summit Partners believes that the assumptions, opinions, expectations and estimations contained herein are reasonable, this information has not been audited or verified by an independent party.  The information herein represents select examples of Summit Partners’ considerations with respect to AI. Statements about AI initiatives or practices herein do not apply in every instance and Summit Partners or a portfolio company’s use of AI will depend on factors including, but not limited to, the relevance or implementation of an AI initiative to the Firm or within the portfolio company as well as other factors as determined by Summit Partners or the portfolio company management team, as applicable. There can be no assurance that the practices described herein are not modified (perhaps materially) in the future or that the adoption of any practice noted herein will lead to successful outcomes for the Firm, a portfolio company or your organization. Additionally, there can be no assurance that Summit Partners or its portfolio companies will be able to achieve any AI related objective (in the time or manner set forth herein or at all). Actual AI usage and subsequent results may be significantly different from the statements noted herein.

The assessment of AI usage and data strategy presented herein is for illustrative and informational purposes only. AI-focused due diligence may differ based on the relevance of an AI initiative to or within a prospective portfolio company and there can be no assurance that any AI-focused due diligence conducted by Summit will be consistently or completely performed for every investment opportunity reviewed by the Firm.  Further, AI factors are only some of the many factors Summit considers in making an investment and there is no guarantee that consideration of AI factors will enhance long-term value and financial returns for limited partners. Summit is permitted to determine in its sole discretion that it is not feasible or practical to implement or complete certain of its AI initiatives based on cost, timing or other considerations and, for the avoidance of doubt, such AI initiatives are not binding on investment decisions by Summit and/or Summit’s management of investments and do not constitute a guarantee, promise or commitment to investors regarding outcomes associated with an investment.

Summit Partners Peak Performance Group, including its Operations Team, Capital Markets Team, Talent & Recruiting Team and Technology & Data Science Team, is intended to provide collaborative, on-demand support to portfolio companies from pre-investment due diligence to post-investment value creation. However, there can be no assurance that a Peak Performance Group team member will be deployed on behalf of a portfolio company investment, and if deployed, that the utilization of such resource will result in a successful outcome for a Summit fund and its investors. Furthermore, although Summit Partners believes its Peak Performance Group represents an integral part of its investment strategy, there can be no assurance that such resources are more qualified or able than a third-party provider of similar services. Additionally, to the extent that the Peak Performance Group engages or coordinates with a third-party vendor (e.g., cybersecurity assessments conducted by a third-party vendor), the costs and expenses of such vendor would be borne directly by the applicable Summit fund.

In recent years, technological advances have fueled the rapid growth of AI, in particular generative AI, and accordingly, the use of AI is becoming increasingly prevalent in a number of sectors. The Firm continues to build AI capabilities into its business and operations. Due to the rate at which AI is improving and the scope of its potential application is therefore broadening, at this time, it is unclear what impact (including, where relevant, opportunities) AI may have on the Summit funds’ investments, as well as the wider financial sector. Additionally, portfolio company priorities with respect to the use of AI in company operations or in the development of AI-enabled products or solutions may change materially over time. Past practices or AI adoption trends among portfolio companies are not predictive of future adoption or outcomes, and there can be no assurance that any trend or illustration herein will continue. The impact of and risks associated with AI vary significantly by company, sub-sector, regulatory environment, capital availability and technological evolution. Use of third-party and open-source AI tools, such as ChatGPT or similar tools by Summit or its portfolio companies poses additional risks relating to the protection of Summit and Summit portfolio companies’ proprietary data, including the potential exposure of such confidential information to unauthorized recipients and misuse of the third-party intellectual property, which could adversely affect Summit, the Summit funds or their portfolio companies. Use of AI tools may result in allegations or claims against Summit, the Summit funds or their portfolio companies related to violation of third-party intellectual property rights, unauthorized access to or use of proprietary information and failure to comply with open-source software requirements. Additionally, AI tools may produce inaccurate, misleading or incomplete responses that could lead to errors in certain business activities, which could have a negative impact on Summit or on the performance of the Summit funds and their portfolio companies. Further, ongoing and future regulatory actions with respect to AI generally or AI’s use in any particular industry may alter, perhaps to a materially adverse extent, the ability of Summit, the Summit funds or their portfolio companies to utilize AI in the manner they have to date, and may have an adverse impact on their ability to continue to operate as intended.