| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | UWMC | Class A Common Stock | Conversion of derivative security | +18.6M | 18.6M | Oct 1, 2024 | See Footnote | F1, F2 | |||
| transaction | UWMC | Class A Common Stock | Sale | -18.6M | -100% | 0 | Oct 1, 2024 | See Footnote | F2, F3 | ||
| holding | UWMC | Class A Common Stock | 172K | Oct 1, 2024 | Direct | F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | UWMC | UWM Paired Interests | Conversion of derivative security | $0 | -18.6M | -1.26% | $0.00 | 1.47B | Oct 1, 2024 | Class A Common Stock | 18.6M | See Footnote | F1, F2, F5 |
| Id | Content |
|---|---|
| F1 | Each UWM Paired Interest consists of one share of non-economic voting Class D Common Stock of UWM Holdings Corporation (the "Issuer") ("Class D Stock") and one Class B common units of UWM Holdings, LLC ("UWM LLC") ("Class B Common Units"), a subsidiary of the Issuer. Each UWM Paired Interest is convertible for one share of Class A Common Stock of the Issuer (i) at any time at the option of the holder or (ii) automatically upon transfer to a third person. These shares of Class A Common Stock were acquired by SFS Holding Corp. ("SFS Corp") upon the conversion of an equal number of UWM Paired Interests and were immediately sold as described further in footnote 3 below. |
| F2 | These securities are held directly by SFS Corp, a 10% holder of the Issuer, and indirectly by Mat Ishbia. Mat Ishbia is the Chief Executive Officer and sole director of SFS Corp and serves as the investment advisor to the trust that owns the voting securities of SFS Corp, and therefore exercises all voting and dispositive power of the securities held by SFS Corp. In addition, trusts for the benefit of Mat Ishbia and his immediate family are shareholders of SFS Corp. By virtue of its relationship with Mat Ishbia, a director and the CEO of the Issuer, SFS Corp may be deemed to be a director by deputization. |
| F3 | The Class A Common Stock received upon conversion of the Paired Interests were sold in a privately negotiated transaction for membership interests in a privately held limited liability company. |
| F4 | These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares. |
| F5 | The conversion rights related to the UWM Paired Interests do not expire. |