Mat Ishbia - 26 Feb 2026 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Signature
/s/ Mat Ishbia
Issuer symbol
UWMC
Transactions as of
26 Feb 2026
Net transactions value
-$7,782,502
Form type
4
Filing time
02 Mar 2026, 16:35:22 UTC
Previous filing
25 Feb 2026
Next filing
05 Mar 2026

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 Mar 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 Mar 2026 0001842002

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock Sale $2,784,646 -632,874 -19% $4.40 2,697,785 26 Feb 2026 See Footnote F1, F2, F3
transaction UWMC Class A Common Stock Options Exercise $797,050 +180,737 +65% $4.41 460,726 27 Feb 2026 Direct F4, F5
transaction UWMC Class A Common Stock Tax liability $231,944 -52,595 -11% $4.41 408,131 27 Feb 2026 Direct F5, F6
transaction UWMC Class A Common Stock Sale $2,809,961 -632,874 -23% $4.44 2,064,911 27 Feb 2026 See Footnote F1, F3, F7
transaction UWMC Class A Common Stock Conversion of derivative security +6,600,000 +320% 8,664,911 02 Mar 2026 See Footnote F3, F8
transaction UWMC Class A Common Stock Sale $2,753,002 -632,874 -7.3% $4.35 8,032,037 02 Mar 2026 See Footnote F1, F3, F9

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 Options Exercise $0 -180,737 -100% $0.000000 0 27 Feb 2026 Class A Common Stock 180,737 Direct F4, F10
transaction UWMC UWM Paired Interests Conversion of derivative security $0 -6,600,000 -0.51% $0.000000 1,298,482,620 02 Mar 2026 Class A Common Stock 6,600,000 See Footnote F3, F8, F11
* 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 September 16, 2025.
F2 Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.15 to $4.55 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 On February 27, 2026, 180,737 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock.
F5 These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.
F6 This transaction is not a sale of shares by the Reporting Person. Instead this reflects shares mandatorily withheld by the Company in accordance with the award agreement to meet the Company's minimum withholding obligations pursuant to a transaction exempt under Rule 16b-3.
F7 Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.41 to $4.57 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.
F8 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.
F9 Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.22 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.
F10 These RSUs convert to Class A Common Stock on a one-for-one basis.
F11 The conversion rights related to the UWM Paired Interests do not expire.