Andrew Hubacker - Feb 28, 2025 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Role
EVP, CFO and CAO
Signature
/s/ Anthony Valentine, as Attorney-in-Fact for Andrew Hubacker
Stock symbol
UWMC
Transactions as of
Feb 28, 2025
Transactions value $
$25,547
Form type
4
Date filed
3/4/2025, 04:44 PM
Previous filing
Feb 20, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock Options Exercise $36K +5.74K +18.48% $6.28 36.8K Feb 28, 2025 Direct F1
transaction UWMC Class A Common Stock Tax liability -$10.5K -1.67K -4.54% $6.28 35.1K Feb 28, 2025 Direct F2

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 Options Exercise $0 -5.74K -100% $0.00 0 Feb 28, 2025 Class A Common Stock 5.74K Direct F1, F3
holding UWMC Restricted Stock Units 329K Feb 28, 2025 Class A Common Stock 329K Direct F3, F4
holding UWMC Restricted Stock Units 7.5K Feb 28, 2025 Class A Common Stock 7.5K Direct F3, F5
holding UWMC Restricted Stock Units 10.7K Feb 28, 2025 Class A Common Stock 10.7K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 28, 2025, 5,738 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 The RSUs convert to Class A Common Stock on a one-for-one basis.
F4 These RSUs vest on August 30, 2031. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
F5 These RSUs vest in accordance with the following schedule: 3,750 vest on September 1, 2025 and 3,750 vest on September 1, 2026.
F6 These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.