Mat Ishbia - 09 Feb 2024 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Anthony Valentine, as Attorney-in-Fact for Mat Ishbia
Issuer symbol
UWMC
Transactions as of
09 Feb 2024
Net transactions value
$0
Form type
4
Filing time
12 Feb 2024, 16:22:52 UTC
Previous filing
17 Feb 2023
Next filing
05 Mar 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UWMC Restricted Stock Units Award $0 +152,990 $0.000000 152,990 09 Feb 2024 Class A Common Stock 152,990 Direct F3, F5, F6
holding UWMC Class D Common Stock 1,502,069,787 09 Feb 2024 Class A Common Stock 1,502,069,787 See Footnote F1, F2
holding UWMC Class B Common Units of UWM Holdings, LLC 1,502,069,787 09 Feb 2024 Class A Common Stock 1,502,069,787 See Footnote F1, F2
holding UWMC Restricted Stock Units 267,037 09 Feb 2024 Class A Common Stock 267,037 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class D Common Stock of the Issuer ("Class D Stock") have 10 votes per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Class B common units ("Class B Common Units") of UWM Holdings, LLC ("UWM LLC") held. Each stapled unit (consisting of one share of Class D Stock and one Class B Common Unit) is convertible and/or exchangeable for one share of Class A Common Stock of the Issuer.
F2 The securities are held directly by SFS Holding Corp. ("SFS"), of which the Reporting Person is the sole director and Chief Executive Officer. The Reporting Person disclaims beneficial ownership of the securities owned by SFS, except to the extent of his pecuniary interest therein.
F3 The Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.
F4 These RSUs vest on March 2, 2024.
F5 The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
F6 These RSUs vest on March 1, 2025.