Alex Elezaj - 01 Mar 2024 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role: EVP, Chief Strategy Officer, Director
Signature: /s/Anthony Valentine, as Attorney-in-Fact for Alex Elezaj
Issuer symbol: UWMC
Transactions as of: 01 Mar 2024
Net transactions value: -$32,357
Form type: 4
Filing time: 05 Mar 2024, 16:30:03 UTC
Previous filing: 12 Feb 2024
Next filing: 03 Sep 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	+15,021	+5.2%	$0.000000	301,612	01 Mar 2024	Direct	F1
transaction	UWMC	Class A Common Stock	Tax liability	$32,357	-4,925	-1.6%	$6.57	296,687	01 Mar 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	-15,021	-100%	$0.000000^*	0	01 Mar 2024	Class A Common Stock	15,021		Direct	F3, F5
holding	UWMC	Restricted Stock Units						8,606	01 Mar 2024	Class A Common Stock	8,606		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	On March 1, 2024, 15,021 of the Reporting Person's Restricted Stock Units ("RSUs") were settled for an equal number of Class A Common Stock.
F2	This transaction is not a sale of shares by the Reporting Person. Instead this reflects shares mandatorily withheld by the Company in accordance with the award agreement to meet the Company's minimum withholding obligations pursuant to a transaction exempt under Section 16b-3.
F3	The RSUs convert to Class A Common Stock on a one-for-one basis.
F4	These RSUs vest on March 1, 2025.
F5	These RSUs vested on March 2, 2024.