Andrew Hubacker - 06 Feb 2024 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
06 Feb 2024
Net transactions value
-$59,844
Form type
4
Filing time
07 Feb 2024, 16:04:35 UTC
Previous filing
05 Feb 2024
Next filing
12 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 +26,427 +520% $0.000000 31,507 06 Feb 2024 Direct F1
transaction UWMC Class A Common Stock Tax liability $59,844 -8,673 -28% $6.90 22,834 06 Feb 2024 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 -26,427 -100% $0.000000* 0 06 Feb 2024 Class A Common Stock 26,427 Direct F3, F6
holding UWMC Restricted Stock Units 7,844 06 Feb 2024 Class A Common Stock 7,844 Direct F3, F4
holding UWMC Restricted Stock Units 11,250 06 Feb 2024 Class A Common Stock 11,250 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 6, 2024, 26,427 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 on March 2, 2024.
F5 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.
F6 These RSUs vested on February 6, 2024.