Melinda Wilner - 01 Mar 2024 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role
EVP, COO, Director
Signature
/s/ Anthony Valentine, as Attorney-in-Fact for Melinda Wilner
Issuer symbol
UWMC
Transactions as of
01 Mar 2024
Net transactions value
-$31,273
Form type
4
Filing time
05 Mar 2024, 16:24:10 UTC
Previous filing
12 Feb 2024
Next filing
03 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock Options Exercise $0 +16,356 +40% $0.000000 57,030 01 Mar 2024 Direct F1
transaction UWMC Class A Common Stock Tax liability $31,273 -4,760 -8.3% $6.57 52,270 01 Mar 2024 Direct F2
holding UWMC Class A Common Stock 1,000 01 Mar 2024 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 -16,356 -100% $0.000000* 0 01 Mar 2024 Class A Common Stock 16,356 Direct F4, F6
holding UWMC Restricted Stock Units 9,371 01 Mar 2024 Class A Common Stock 9,371 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 1, 2024, 16,356 of the Reporting Person's Restricted Stock Units ('RSUs") were settled for an equal number of Class A Common Stock.
F2 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 Section 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 on March 1, 2025.
F6 These RSUs vested on March 2, 2024.