Mat Ishbia's Form 4/A amendment
AmendedUWM Holdings Corp (UWMC) · filed Nov 5, 2025
- Accession no.
- 0001841794-25-000104
- Filed
- Nov 5, 2025, 4:56 PM ET
- Trade date
- Oct 15, 2025
- Filing delay
- 21 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Oct 16, 2025
This filing lists 1 non-derivative transaction and 1 derivative transaction. It carries over 2 transactions from the original filing that it did not restate. Open-market sales total $6.35M. It was filed 21 days after the trade.
This amendment restates part of 0001841794-25-000089 (filed Oct 16, 2025). The transactions it did not restate still count and are listed below.
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 |
|---|---|---|---|---|---|---|---|---|
| Oct 15, 2025 | Class A Common Stock | CConversionAcquired | +6,800,000 | –F2 | – | 8,377,952 | 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 |
|---|---|---|---|---|---|---|---|---|
| Oct 15, 2025 | Class A Common Stock | CConversionDisposed | −6,800,000 | $0.00 | $0 | 1,351,882,620 | Indirect |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001841794-25-000089 (filed Oct 16, 2025).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 15, 2025 | Class A Common Stock | SSaleDisposed | −596,356 | $5.39F4 | −$3,214,358.84 | 7,781,596 | Indirect | |
| Oct 16, 2025 | Class A Common Stock | SSaleDisposed | −596,356 | $5.26F5 | −$3,136,832.56 | 7,185,240 | Indirect |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F4
Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.32 to $5.59 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 $5.19 to $5.29 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.
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
On October 16, 2025, the Reporting Persons filed a Form 4 which inadvertently did not report a conversion of UWM Paired Interests into Class A Common Stock.
- F2
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.
- 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.
- F4
The conversion rights related to the UWM Paired Interests do not expire.