Melinda Wilner - Feb 1, 2023 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role: EVP, COO, Director
Signature: /s/ Anthony Valentine, as Attorney-in-Fact for Melinda Wilner
Stock symbol: UWMC
Transactions as of: Feb 1, 2023
Transactions value $: -$32,347
Form type: 4
Date filed: 2/3/2023, 07:20 AM
Previous filing: Feb 3, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UWMC	Class A Common Stock	Options Exercise		+20K	+144.1%		34K	Feb 1, 2023	Direct	F1
transaction	UWMC	Class A Common Stock	Tax liability	-$32.3K	-6.9K	-20.31%	$4.69	27.1K	Feb 1, 2023	Direct	F2
holding	UWMC	Class A Common Stock						1K	Feb 1, 2023	See Footnote	F3

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	-20K	-49.25%	$0.00	20.7K	Feb 1, 2023	Class A Common Stock	20K		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 1, 2023, 20,047 of the Reporting Person's Restricted Stock Units ("RSUs") were settled for an equal number of Class A Common Stock.
F2	Shares withheld for payment of applicable taxes upon settlement of RSUs in accordance with Rule 16b-3.
F3	The Reporting Person's spouse holds these shares in a separate account. The Reporting Person disclaims pecuniary interest in these shares.
F4	The RSUs convert to Class A Common Stock on a one-for-one basis.
F5	These RSUs vest in accordance with the following schedule: 20,656 vest on February 1, 2024