Mat Ishbia's Form 4 filing
UWM Holdings Corp (UWMC) · filed Jul 17, 2025
- Accession no.
- 0001841794-25-000032
- Filed
- Jul 17, 2025, 5:29 PM ET
- Trade date
- Jul 15-17, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $5.02M. It was filed 2 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.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 15, 2025 | Class A Common Stock | CConversionAcquired | +4,200,000 | –F1 | – | 5,699,352 | Indirect | |
| Jul 15, 2025 | Class A Common Stock | SSaleDisposed | −400,036 | $4.20F4 | −$1,680,151.2 | 5,299,316 | Indirect | |
| Jul 16, 2025 | Class A Common Stock | SSaleDisposed | −400,036 | $4.17F5 | −$1,668,150.12 | 4,899,280 | Indirect | |
| Jul 17, 2025 | Class A Common Stock | SSaleDisposed | −400,036 | $4.18F6 | −$1,672,150.48 | 4,499,244 | Indirect |
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 |
|---|---|---|---|---|---|---|---|---|
| Jul 15, 2025 | Class A Common Stock | CConversionDisposed | −4,200,000 | $0.00 | $0 | 1,384,882,620 | 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.
Referenced by the price of 1 transaction in Table I.
- F4
Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.17 to $4.29 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.
Referenced by the price of 1 transaction in Table I.
- F5
Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.10 to $4.25 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.
Referenced by the price of 1 transaction in Table I.
- F6
Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.15 to $4.25 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.
Referenced by the price of 1 transaction in Table I.