On June 3, 2025, The GEO Group, Inc. ("GEO" or the "Company") entered into a Purchase and Sale Agreement (the "Sale Agreement") with CPT Operating Partnership L.P. (together with GEO, the "Seller") and the State of Oklahoma (the "Purchaser") pursuant to which, subject to the terms of the Sale Agreement, the Seller will sell the Lawton Correctional Facility located in Lawton, Oklahoma (the "Facility") to the Purchaser for a sale price of $312 million. Subject to the satisfaction of certain closing conditions, the sale of the Facility is expected to close on July 25, 2025 and the Company expects to transition Facility operations to the Oklahoma Department of Corrections simultaneously on July 25, 2025. The Oklahoma Department of Corrections is currently a customer of the Company. The Sale Agreement also contains certain customary representations, warranties and covenants that the parties made to each other. The Sale Agreement was entered into in the ordinary course of business but may be considered a "material contract" as defined under Item 601(b)(10)(ii)(C) of Regulation S-K under the Securities Exchange Act of 1934, as amended.