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

Role: SVP, CAO, Interim PFO
Signature: /s/ Anthony Valentine, as Attorney-in-Fact for Andrew Hubacker
Stock symbol: UWMC
Transactions as of: Feb 1, 2023
Transactions value $: -$1,918
Form type: 4
Date filed: 2/3/2023, 07:16 AM
Previous filing: Sep 2, 2022
Next filing: Feb 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UWMC	Class A Common Stock	Options Exercise		+1.19K	+142.62%		2.02K	Feb 1, 2023	Direct	F1
transaction	UWMC	Class A Common Stock	Tax liability	-$1.92K	-409	-20.24%	$4.69	1.61K	Feb 1, 2023	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	-1.19K	-49.25%	$0.00	1.22K	Feb 1, 2023	Class A Common Stock	1.19K		Direct	F3, F4
holding	UWMC	Restricted Stock Units						15K	Feb 1, 2023	Class A Common Stock	15K		Direct	F3, 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, 1,188 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 RSUs convert to Class A Common Stock on a one-for-one basis.
F4	These RSUs vest in accordance with the following schedule: 1,224 vest on February 1, 2024
F5	These RSUs vest in accordance with the following schedule: 3,750 vest on September 1, 2023, 3,750 vest on September 1, 2024, 3,750 vest on September 1, 2025 and 3,750 vest on September 1, 2026.