Watsa V Prem Et al - 22 Dec 2025 Form 4 Insider Report for Under Armour, Inc. (UAA)

Role
10%+ Owner
Signature
/s/ V. Prem Watsa
Issuer symbol
UAA
Transactions as of
22 Dec 2025
Net transactions value
+$70,963,523
Form type
4
Filing time
29 Dec 2025, 21:36:00 UTC
Previous filing
20 Feb 2024
Next filing
02 Jan 2026

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
WATSA V PREM ET AL 10%+ Owner 95 WELLINGTON STREET WEST SUITE 800, TORONTO, ONTARIO, CANADA /s/ V. Prem Watsa 29 Dec 2025 0000938869
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 10%+ Owner 95 WELLINGTON STREET WEST SUITE 800, TORONTO, ONTARIO, CANADA /s/ Peter Clarke, President and Chief Operating Officer, on behalf of Fairfax Financial Holdings Limited 29 Dec 2025 0000915191

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UA Class A Common Shares Purchase $24,379,239 +5,383,513 +28% $4.53 24,691,049 22 Dec 2025 See Footnote F1, F3
transaction UA Class C Common Shares Purchase $10,261,643 +2,355,641 +73% $4.36 5,599,950 22 Dec 2025 See Footnote F2, F3
transaction UA Class A Common Shares Purchase $9,654,147 +2,124,452 +8.6% $4.54 26,815,501 23 Dec 2025 See Footnote F3, F4
transaction UA Class C Common Shares Purchase $2,716,936 +620,801 +11% $4.38 6,220,751 23 Dec 2025 See Footnote F3, F5
transaction UA Class A Common Shares Purchase $4,048,359 +875,548 +3.3% $4.62 27,691,049 24 Dec 2025 See Footnote F3, F6
transaction UA Class C Common Shares Purchase $1,927,350 +438,333 +7% $4.40 6,659,084 24 Dec 2025 See Footnote F3, F7
transaction UA Class A Common Shares Purchase $4,638,400 +1,000,000 +3.6% $4.64 28,691,049 26 Dec 2025 See Footnote F3, F8
transaction UA Class C Common Shares Purchase $1,705,457 +385,850 +5.8% $4.42 7,044,934 26 Dec 2025 See Footnote F3, F9
transaction UA Class A Common Shares Purchase $8,343,508 +1,763,396 +6.1% $4.73 30,454,445 29 Dec 2025 See Footnote F3, F10
transaction UA Class C Common Shares Purchase $3,288,484 +734,430 +10% $4.48 7,779,364 29 Dec 2025 See Footnote F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the Class A Common Shares purchased on December 22, 2025, ranging from a low of $4.4599 to a high of $4.6000 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F2 Represents the weighted average price of the Class C Common Shares purchased on December 22, 2025, ranging from a low of $4.2850 to a high of $4.4000 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F3 These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the Chief Executive Officer and controlling person of Fairfax Financial Holdings Limited through certain holding companies he controls, including The Second 810 Holdco Ltd, The Second 1109 Holdco Ltd, The Sixty Two Investment Company Limited and 12002574 Canada Inc. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F4 Represents the weighted average price of the Class A Common Shares purchased on December 23, 2025, ranging from a low of $4.5150 to a high of $4.5500 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F5 Represents the weighted average price of the Class C Common Shares purchased on December 23, 2025, ranging from a low of $4.3550 to a high of $4.3900 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F6 Represents the weighted average price of the Class A Common Shares purchased on December 24, 2025, ranging from a low of $4.5800 to a high of $4.6500 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F7 Represents the weighted average price of the Class C Common Shares purchased on December 24, 2025, ranging from a low of $4.3600 to a high of $4.4000 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F8 Represents the weighted average price of the Class A Common Shares purchased on December 26, 2025, ranging from a low of $4.6050 to a high of $4.6700 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F9 Represents the weighted average price of the Class C Common Shares purchased on December 26, 2025, ranging from a low of $4.3912 to a high of $4.4300 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F10 Represents the weighted average price of the Class A Common Shares purchased on December 29, 2025, ranging from a low of $4.6500 to a high of $4.7700 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
F11 Represents the weighted average price of the Class C Common Shares purchased on December 29, 2025, ranging from a low of $4.4000 to a high of $4.5400 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.