Mat Ishbia's Form 4 filing
UWM Holdings Corp (UWMC) · filed Sep 4, 2024
- Accession no.
- 0001841794-24-000015
- Filed
- Sep 4, 2024, 4:32 PM ET
- Trade date
- Aug 30, 2024
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $45.5M. It was filed 5 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Mat IshbiaCIK 0001841794 | Director, Officer (President and CEO), 10% Owner |
| SFS Holding CorpCIK 0001842002 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 30, 2024 | Class A Common Stock | CConversionDisposed | −5,000,000 | $0.00 | $0 | 1,497,069,787 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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 and were immediately sold as described further in footnote 3 below.
Referenced by the price of 1 transaction in Table I.
- F3
The Class A Common Stock received upon conversion of the Paired Interests were sold in a privately negotiated transaction for membership interests in a privately held limited liability company.
Referenced by the price of 1 transaction in Table I.