Mat Ishbia - 30 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
30 Dec 2025
Net transactions value
-$8,366,594
Form type
4
Filing time
02 Jan 2026, 17:10:35 UTC
Previous filing
29 Dec 2025
Next filing
07 Jan 2026
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 02 Jan 2026 0001841794
SFS HOLDING CORP 10%+ Owner C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC /s/ Mat Ishbia, CEO, for SFS Holding Corp. 02 Jan 2026 0001842002

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock Sale $2,803,632 -632,874 -39% $4.43 979,871 30 Dec 2025 See Footnote F1, F2, F3
transaction UWMC Class A Common Stock Sale $2,765,659 -632,874 -65% $4.37 346,997 31 Dec 2025 See Footnote F1, F3, F4
transaction UWMC Class A Common Stock Conversion of derivative security +6,600,000 +1902% 6,946,997 02 Jan 2026 See Footnote F3, F5
transaction UWMC Class A Common Stock Sale $2,797,303 -632,874 -9.1% $4.42 6,314,123 02 Jan 2026 See Footnote F1, F3, F6
holding UWMC Class A Common Stock 279,989 30 Dec 2025 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 UWM Paired Interests Conversion of derivative security $0 -6,600,000 -0.5% $0.000000 1,324,882,620 02 Jan 2026 Class A Common Stock 6,600,000 See Footnote F3, F5, F8
holding UWMC Restricted Stock Units 180,737 30 Dec 2025 Class A Common Stock 180,737 Direct F9, F10
* 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 $4.36 to $4.48 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 $4.34 to $4.40 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 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.
F6 Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.35 to $4.46 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.
F7 These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.
F8 The conversion rights related to the UWM Paired Interests do not expire.
F9 These Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.
F10 These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.