Melinda Wilner - Mar 1, 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
Stock symbol
UWMC
Transactions as of
Mar 1, 2024
Transactions value $
-$31,273
Form type
4
Date filed
3/5/2024, 04:24 PM
Previous filing
Feb 12, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock Options Exercise $0 +16.4K +40.21% $0.00 57K Mar 1, 2024 Direct F1
transaction UWMC Class A Common Stock Tax liability -$31.3K -4.76K -8.35% $6.57 52.3K Mar 1, 2024 Direct F2
holding UWMC Class A Common Stock 1K Mar 1, 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 -16.4K -100% $0.00* 0 Mar 1, 2024 Class A Common Stock 16.4K Direct F4, F6
holding UWMC Restricted Stock Units 9.37K Mar 1, 2024 Class A Common Stock 9.37K 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.