Andrew Hubacker - 01 Sep 2023 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role: EVP, CFO and CAO
Signature: /s/ Anthony Valentine, as Attorney-in-Fact for Andrew Hubacker
Issuer symbol: UWMC
Transactions as of: 01 Sep 2023
Net transactions value: -$6,385
Form type: 4
Filing time: 06 Sep 2023, 18:47:08 UTC
Previous filing: 17 Feb 2023
Next filing: 05 Feb 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	+3,750	+233%	$0.000000	5,362	01 Sep 2023	Direct	F1
transaction	UWMC	Class A Common Stock	Tax liability	$6,385	-1,084	-20%	$5.89	4,278	05 Sep 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	-3,750	-25%	$0.000000	11,250	01 Sep 2023	Class A Common Stock	3,750		Direct	F3, F7
holding	UWMC	Restricted Stock Units						2,412	01 Sep 2023	Class A Common Stock	2,412		Direct	F3, F4
holding	UWMC	Restricted Stock Units						26,427	01 Sep 2023	Class A Common Stock	26,427		Direct	F3, F5
holding	UWMC	Restricted Stock Units						7,844	01 Sep 2023	Class A Common Stock	7,844		Direct	F3, F6

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

Explanation of Responses:

Id	Content
F1	On September 1, 2023, 3,750 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 Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.
F4	These RSUs vest on February 1, 2024.
F5	These RSUs vest on February 6, 2024.
F6	These RSUs vest on March 2, 2024.
F7	These RSUs vest in accordance with the following schedule: 3,750 vest on September 1, 2024, 3,750 vest on September 1, 2025 and 3,750 vest on September 1, 2026.