| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | UWMC | Class A Common Stock | Options Exercise | $961K | +153K | +89.2% | $6.28 | 325K | Feb 28, 2025 | Direct | F1 |
| transaction | UWMC | Class A Common Stock | Tax liability | -$280K | -44.5K | -13.72% | $6.28 | 280K | Feb 28, 2025 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | UWMC | Restricted Stock Units | Options Exercise | $0 | -153K | -100% | $0.00 | 0 | Feb 28, 2025 | Class A Common Stock | 153K | Direct | F1, F5 | |
| holding | UWMC | UWM Paired Interests | 1.44B | Feb 28, 2025 | Class A Common Stock | 1.44B | See Footnote | F3, F4 | ||||||
| holding | UWMC | Restricted Stock Units | 181K | Feb 28, 2025 | Class A Common Stock | 181K | Direct | F5, F6 |
| Id | Content |
|---|---|
| F1 | On February 28, 2025, 152,990 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock. |
| F2 | This transaction is not a sale of shares by the Reporting Person. Instead this reflects shares mandatorily withheld by the Company in accordance with the award agreement to meet the Company's minimum withholding obligations pursuant to a transaction exempt under Rule 16b-3. |
| F3 | 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. |
| F4 | 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. |
| F5 | The RSUs convert to Class A Common Stock on a one-for-one basis. |
| F6 | These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan. |