Andrew Hubacker - Sep 1, 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
Stock symbol
UWMC
Transactions as of
Sep 1, 2023
Transactions value $
-$6,385
Form type
4
Date filed
9/6/2023, 06:47 PM
Previous filing
Feb 17, 2023
Next filing
Feb 5, 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 +3.75K +232.63% $0.00 5.36K Sep 1, 2023 Direct F1
transaction UWMC Class A Common Stock Tax liability -$6.38K -1.08K -20.22% $5.89 4.28K Sep 5, 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 -3.75K -25% $0.00 11.3K Sep 1, 2023 Class A Common Stock 3.75K Direct F3, F7
holding UWMC Restricted Stock Units 2.41K Sep 1, 2023 Class A Common Stock 2.41K Direct F3, F4
holding UWMC Restricted Stock Units 26.4K Sep 1, 2023 Class A Common Stock 26.4K Direct F3, F5
holding UWMC Restricted Stock Units 7.84K Sep 1, 2023 Class A Common Stock 7.84K 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.