Mat Ishbia - 04 Dec 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
04 Dec 2025
Net transactions value
-$10,525,214
Form type
4
Filing time
08 Dec 2025, 17:02:52 UTC
Previous filing
03 Dec 2025
Next filing
10 Dec 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
Mat Ishbia President and CEO, Director, 10%+ Owner C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC /s/ Mat Ishbia 08 Dec 2025 0001841794
SFS HOLDING CORP 10%+ Owner C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC /s/ Mat Ishbia, CEO, for SFS Holding Corp. 08 Dec 2025 0001842002

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock Sale $3,514,527 -612,287 -7.6% $5.74 7,404,695 04 Dec 2025 See Footnote F1, F2, F3
transaction UWMC Class A Common Stock Sale $3,539,019 -612,287 -8.3% $5.78 6,792,408 05 Dec 2025 See Footnote F1, F3, F4
transaction UWMC Class A Common Stock Sale $3,471,667 -612,287 -9% $5.67 6,180,121 08 Dec 2025 See Footnote F1, F3, F5
holding UWMC Class A Common Stock 279,989 04 Dec 2025 Direct F6

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
holding UWMC Restricted Stock Units 180,737 04 Dec 2025 Class A Common Stock 180,737 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on March 17, 2025.
F2 Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.63 to $5.81 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
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 Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.65 to $5.93 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
F5 Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.59 to $5.75 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
F6 These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.
F7 These Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.
F8 These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.