Mat Ishbia - 26 Feb 2026 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Reporting relationship: President and CEO, Director, 10%+ Owner
Issuer ticker: UWMC
Reported as of: 26 Feb 2026
Net transaction value: -$7,782,502
SEC form: 4
Accepted by SEC: 02 Mar 2026, 16:35:22 UTC
Prior SEC filing: 25 Feb 2026
Next SEC filing: 05 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Mat Ishbia

Key filing fact

Mat Ishbia filed Form 4 for UWM Holdings Corp (UWMC) on 02 Mar 2026.

Key facts

This page summarizes Mat Ishbia's Form 4 filing for UWM Holdings Corp (UWMC).
8 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 02 Mar 2026, 16:35.

Change

Previous filing in this sequence was filed on 25 Feb 2026.
Current net transaction value: -$7,782,502.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (2)

CIK 0001841794 Primary reporting owner

Mat Ishbia

Relationship: President and CEO, Director, 10%+ Owner
Address: C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC
Signature: /s/ Mat Ishbia
Signature date: 02 Mar 2026

CIK 0001842002

SFS HOLDING CORP

Relationship: 10%+ Owner
Address: C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC
Signature: /s/ Mat Ishbia, CEO, for SFS Holding Corp.
Signature date: 02 Mar 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UWMC transaction

Class A Common Stock

Sale

Transaction value: $2,784,646
Shares: -632,874
Change %: -19%
Price: $4.40
Shares after: 2,697,785
Date: 26 Feb 2026
Ownership: See Footnote
Footnotes: F1, F2, F3

UWMC transaction

Class A Common Stock

Options Exercise

Transaction value: $797,050
Shares: +180,737
Change %: +65%
Price: $4.41
Shares after: 460,726
Date: 27 Feb 2026
Ownership: Direct
Footnotes: F4, F5

UWMC transaction

Class A Common Stock

Tax liability

Transaction value: $231,944
Shares: -52,595
Change %: -11%
Price: $4.41
Shares after: 408,131
Date: 27 Feb 2026
Ownership: Direct
Footnotes: F5, F6

UWMC transaction

Class A Common Stock

Sale

Transaction value: $2,809,961
Shares: -632,874
Change %: -23%
Price: $4.44
Shares after: 2,064,911
Date: 27 Feb 2026
Ownership: See Footnote
Footnotes: F1, F3, F7

UWMC transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +6,600,000
Change %: +320%
Price
Shares after: 8,664,911
Date: 02 Mar 2026
Ownership: See Footnote
Footnotes: F3, F8

UWMC transaction

Class A Common Stock

Sale

Transaction value: $2,753,002
Shares: -632,874
Change %: -7.3%
Price: $4.35
Shares after: 8,032,037
Date: 02 Mar 2026
Ownership: See Footnote
Footnotes: F1, F3, F9

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UWMC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -180,737
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 27 Feb 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 180,737
Exercise price
Footnotes: F4, F10

UWMC transaction Derivative

UWM Paired Interests

Conversion of derivative security

Transaction value: $0
Shares: -6,600,000
Change %: -0.51%
Price: $0.000000
Shares after: 1,298,482,620
Date: 02 Mar 2026
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 6,600,000
Exercise price
Footnotes: F3, F8, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 11 footnotes

Footnote F1

Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on September 16, 2025.

Footnote F2

Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.15 to $4.55 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.

Footnote F3

These securities are held directly by SFS Corp, a 10% holder of the Issuer, and indirectly by Mat Ishbia. Mat Ishbia is the Chief Executive Officer and sole director of SFS Corp and serves as the investment advisor to the trust that owns the voting securities of SFS Corp, and therefore exercises all voting and dispositive power of the securities held by SFS Corp. In addition, trusts for the benefit of Mat Ishbia and his immediate family are shareholders of SFS Corp. By virtue of its relationship with Mat Ishbia, a director and the CEO of the Issuer, SFS Corp may be deemed to be a director by deputization.

Footnote F4

On February 27, 2026, 180,737 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock.

Footnote F5

These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.

Footnote F6

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 Rule 16b-3.

Footnote F7

Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.41 to $4.57 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.

Footnote F8

Each UWM Paired Interest consists of one share of non-economic voting Class D Common Stock of UWM Holdings Corporation (the "Issuer") ("Class D Stock") and one Class B common units of UWM Holdings, LLC ("UWM LLC") ("Class B Common Units"), a subsidiary of the Issuer. Each UWM Paired Interest is convertible for one share of Class A Common Stock of the Issuer (i) at any time at the option of the holder or (ii) automatically upon transfer to a third person. These shares of Class A Common Stock were acquired by SFS Holding Corp. ("SFS Corp") upon the conversion of an equal number of UWM Paired Interests.

Footnote F9

Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.22 to $4.46 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.

Footnote F10

These RSUs convert to Class A Common Stock on a one-for-one basis.

Footnote F11

The conversion rights related to the UWM Paired Interests do not expire.