Form 4 for UWMC UWM Holdings Corp
Accepted 2026-03-02 00:00:00 ET · period of report 2026-02-26 · accession 0001841794-26-000032 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2026-03-02 | 2026-03-02 | UWMC | SFS HOLDING CORP | 10% | C - Cnv Deriv | — | +6.60M | 8.66M | +320% | — |
| DMI | 2026-03-02 | 2026-02-26+ | UWMC | SFS HOLDING CORP | 10% | S - Sale+OE | $4.40 | -1.90M | 2.70M | -41% | -$8.35M |
| D | 2026-03-02 | 2026-02-27 | UWMC | SFS HOLDING CORP | 10% | F - Tax | $4.41 | -52.6K | 408.1K | -11% | -$231.9K |
| D | 2026-03-02 | 2026-02-27 | UWMC | SFS HOLDING CORP | 10% | M - OptEx | $4.41 | +180.7K | 460.7K | +65% | +$797.1K |
| D | 2026-03-02 | 2026-02-27 | UWMC | SFS HOLDING CORP | 10% | M - OptEx | $0.00 | -180.7K | 0 | -100% | $0 |
| DI | 2026-03-02 | 2026-03-02 | UWMC | SFS HOLDING CORP | 10% | C - Cnv Deriv | $0.00 | -6.60M | 1.30B | -0.5% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2026-03-02 | C | A | 6,600,000 | — | 8,664,911 | I | — | — | (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. |
| 2 | Common | Class A Common Stock | 2026-03-02 | S | D | 632,874 | $4.35 | 8,032,037 | I | — | — | (F1) Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on September 16, 2025. (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. |
| 3 | Common | Class A Common Stock | 2026-02-27 | S | D | 632,874 | $4.44 | 2,064,911 | I See Footnote | — | — | (F1) Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on September 16, 2025. (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. (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. |
| 4 | Common | Class A Common Stock | 2026-02-27 | F | D | 52,595 | $4.41 | 408,131 | D See 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. (F5) These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares. (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. |
| 5 | Common | Class A Common Stock | 2026-02-27 | M | A | 180,737 | $4.41 | 460,726 | D See 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. (F5) These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares. (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. |
| 6 | Common | Class A Common Stock | 2026-02-26 | S | D | 632,874 | $4.40 | 2,697,785 | I See Footnote | — | — | (F1) Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on September 16, 2025. (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. (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. |
| 7 | Derivative | Restricted Stock Units | 2026-02-27 | M | D | 180,737 | $0.00 | 0 | D See Footnote | — · — to — | 180,737 Class A Common Stock | (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. (F10) These RSUs convert to Class A Common Stock on a one-for-one basis. (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. |
| 8 | Derivative | UWM Paired Interests | 2026-03-02 | C | D | 6,600,000 | $0.00 | 1,298,482,620 | I | — · 2021-01-21 to — | 6,600,000 Class A Common Stock | (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. (F11) The conversion rights related to the UWM Paired Interests do not expire. |