Andrew Hubacker - 01 Feb 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
Issuer symbol: UWMC
Transactions as of: 01 Feb 2023
Net transactions value: -$1,918
Form type: 4
Filing time: 03 Feb 2023, 07:16:58 UTC
Previous filing: 02 Sep 2022
Next filing: 08 Feb 2023
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		+1,188	+143%		2,021	01 Feb 2023	Direct	F1
transaction	UWMC	Class A Common Stock	Tax liability	$1,918	-409	-20%	$4.69	1,612	01 Feb 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	-1,188	-49%	$0.000000	1,224	01 Feb 2023	Class A Common Stock	1,188		Direct	F3, F4
holding	UWMC	Restricted Stock Units						15,000	01 Feb 2023	Class A Common Stock	15,000		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.