Mat Ishbia's Form 4 filing
UWM Holdings Corp (UWMC) · filed Feb 18, 2026
- Accession no.
- 0001841794-26-000026
- Filed
- Feb 18, 2026, 4:49 PM ET
- Trade date
- Feb 13-18, 2026
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $9.28M. 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.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 13, 2026 | Class A Common Stock | SSaleDisposed | −632,874 | $4.94F2 | −$3,126,397.56 | 1,160,777 | Indirect | |
| Feb 17, 2026 | Class A Common Stock | CConversionAcquired | +6,600,000 | –F4 | – | 7,760,777 | Indirect | |
| Feb 17, 2026 | Class A Common Stock | SSaleDisposed | −632,874 | $4.88F5 | −$3,088,425.12 | 7,127,903 | Indirect | |
| Feb 18, 2026 | Class A Common Stock | SSaleDisposed | −632,874 | $4.85F6 | −$3,069,438.9 | 6,495,029 | 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 |
|---|---|---|---|---|---|---|---|---|
| Feb 17, 2026 | Class A Common Stock | CConversionDisposed | −6,600,000 | $0.00 | $0 | 1,305,082,620 | 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.
- F2
Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.75 to $5.07 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.
- F4
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.
- F5
Represents the weighted average price of shares sold. The price of the shares sold ranged from $4.83 to $4.97 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 $4.75 to $4.94 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.