Andrew Hubacker - Feb 6, 2024 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Signature
/s/ Anthony Valentine, as Attorney-in-Fact for Andrew Hubacker
Stock symbol
UWMC
Transactions as of
Feb 6, 2024
Transactions value $
-$59,844
Form type
4
Date filed
2/7/2024, 04:04 PM
Previous filing
Feb 5, 2024
Next filing
Feb 12, 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 +26.4K +520.22% $0.00 31.5K Feb 6, 2024 Direct F1
transaction UWMC Class A Common Stock Tax liability -$59.8K -8.67K -27.53% $6.90 22.8K Feb 6, 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 -26.4K -100% $0.00* 0 Feb 6, 2024 Class A Common Stock 26.4K Direct F3, F6
holding UWMC Restricted Stock Units 7.84K Feb 6, 2024 Class A Common Stock 7.84K Direct F3, F4
holding UWMC Restricted Stock Units 11.3K Feb 6, 2024 Class A Common Stock 11.3K 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.