Tim Forrester - 01 Feb 2022 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role: EVP, CFO
Signature: /s/ Anthony Valentine, as Attorney-in-Fact for Tim Forrester
Issuer symbol: UWMC
Transactions as of: 01 Feb 2022
Net transactions value: -$30,226
Form type: 4
Filing time: 03 Feb 2022, 15:33:35 UTC
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	+17,820		$0.000000	17,820	01 Feb 2022	Direct	F1
transaction	UWMC	Class A Common Stock	Sale	$30,226	-6,342	-36%	$4.77	11,478	02 Feb 2022	Direct	F2

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	-17,820	-33%	$0.000000	36,180	01 Feb 2022	Class A Common Stock	17,820		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	On February 1, 2022, 17,820 of the Reporting Person's Restricted Stock Units ("RSUs") were settled for an equal number of Class A Common Stock.
F2	Reflects shares sold for taxes payable upon the vesting of RSUs.
F3	The RSUs convert to Class A Common Stock on a one-for-one basis.
F4	The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan. The RSUs vest in accordance with the following schedule: 17,820 vest on February 1, 2023 and 18,360 vest on February 1, 2024.