Gores Sponsor IV LLC - Mar 2, 2021 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role
10%+ Owner
Signature
GORES SPONSOR IV LLC, By: /s/ Andrew McBride, Attorney-in-Fact
Stock symbol
UWMC
Transactions as of
Mar 2, 2021
Transactions value $
$0
Form type
4
Date filed
9/28/2021, 05:46 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock, par value $0.0001 per share Other -6.98M -66.12% 3.57M Jul 7, 2021 Direct F1
transaction UWMC Class A Common Stock, par value $0.0001 per share Other +3.14M 3.14M Jul 7, 2021 See footnotes F1, F2, F10
transaction UWMC Class A Common Stock, par value $0.0001 per share Other +30K 30K Jul 7, 2021 See footnotes F1, F3, F10
transaction UWMC Class A Common Stock, par value $0.0001 per share Other +150K 150K Jul 7, 2021 See footnotes F1, F4, F10
transaction UWMC Class A Common Stock, par value $0.0001 per share Other +150K 150K Jul 7, 2021 See footnotes F1, F5, F10
transaction UWMC Class A Common Stock, par value $0.0001 per share Other -215K -6.03% 3.36M Jul 27, 2021 Direct F6
transaction UWMC Class A Common Stock, par value $0.0001 per share Other -3.36M -100% 0 Sep 14, 2021 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UWMC Warrants to Purchase Shares of Class A Common Stock Other -5.05M -96.14% 202K Mar 2, 2021 Class A Common Stock, par value $0.0001 per share 5.05M $11.50 See footnotes F8, F10
transaction UWMC Warrants to Purchase Shares of Class A Common Stock Other +2.11M 2.11M Mar 2, 2021 Class A Common Stock, par value $0.0001 per share 2.11M $11.50 See footnotes F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gores Sponsor IV LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On July 7, 2021, Gores Sponsor IV LLC ("Sponsor") made an in-kind distribution of 6,975,198 shares of Class A common stock ("Shares") of UWM Holdings Corporation (the "Issuer"). AEG Holdings, LLC ("AEG") is the managing member of Sponsor. Alec Gores is the managing member of AEG. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by AEG and Sponsor.
F2 Of the 6,975,198 Shares distributed by Sponsor described in footnote 1 above, AEG received 3,143,599 Shares in the distribution-in-kind.
F3 Of the 6,975,198 Shares distributed by Sponsor described in footnote 1 above, NBI Irrevocable Trust #4, a trust for the benefit of one of Mr. Gores's children, received 30,000 Shares in the distribution-in-kind. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by the trust.
F4 Of the 6,975,198 Shares distributed by Sponsor described in footnote 1 above, NBI Irrevocable Trust #5, a trust for the benefit of one of Mr. Gores's children, received 150,000 Shares in the distribution-in-kind. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by the trust.
F5 Of the 6,975,198 Shares distributed by Sponsor described in footnote 1 above, NBI Irrevocable Trust #6, a trust for the benefit of one of Mr. Gores's children, received 150,000 Shares in the distribution-in-kind.. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by the trust.
F6 On July 27, 2021, Sponsor made an in-kind distribution of 215,441 Shares.
F7 On September 14, 2021, Sponsor made an in-kind distribution of 3,359,361 Shares.
F8 On March 2, 2021, Sponsor made an in-kind distribution of 5,047,539 warrants ("Warrants") to purchase 5,047,539 Shares.
F9 Of the 5,047,539 Warrants distributed by Sponsor described in footnote 8 above, AEG received 2,107,539 Warrants in the distribution-in-kind.
F10 Because of the relationship among the reporting persons, the reporting persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of such reporting person's pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the reporting persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.