Mat Ishbia - 06 Feb 2025 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Mat Ishbia
Issuer symbol
UWMC
Transactions as of
06 Feb 2025
Net transactions value
$0
Form type
4
Filing time
20 Feb 2025, 16:07:12 UTC
Previous filing
10 Oct 2024
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UWMC Class A Common Stock 171,520 06 Feb 2025 Direct F1

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 Restricted Stock Units Award $0 +180,737 $0.000000 180,737 06 Feb 2025 Class A Common Stock 180,737 Direct F4, F6
holding UWMC UWM Paired Interests 1,440,332,098 06 Feb 2025 Class A Common Stock 1,440,332,098 See Footnote F2, F3
holding UWMC Restricted Stock Units 152,990 06 Feb 2025 Class A Common Stock 152,990 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.
F2 Shares of Class D Common Stock of the Issuer ("Class D Stock") have 10 votes per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Class B common units ("Class B Common Units") of UWM Holdings, LLC ("UWM LLC") held. Each stapled unit (consisting of one share of Class D Stock and one Class B Common Unit) is convertible and/or exchangeable for one share of Class A Common Stock of the Issuer.
F3 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.
F4 The Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.
F5 These RSUs vest on March 1, 2025. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
F6 These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.