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

Role: EVP, Chief Strategy Officer, Director
Signature: /s/Anthony Valentine, as Attorney-in-Fact for Alex Elezaj
Stock symbol: UWMC
Transactions as of: Feb 28, 2025
Transactions value $: $37,115
Form type: 4
Date filed: 3/4/2025, 04:43 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	$54K	+8.61K	+2.9%	$6.28	305K	Feb 28, 2025	Direct	F1
transaction	UWMC	Class A Common Stock	Tax liability	-$16.9K	-2.7K	-0.88%	$6.28	303K	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	-8.61K	-100%	$0.00	0	Feb 28, 2025	Class A Common Stock	8.61K		Direct	F1, F3
holding	UWMC	Restricted Stock Units						659K	Feb 28, 2025	Class A Common Stock	659K		Direct	F3, F4
holding	UWMC	Restricted Stock Units						16K	Feb 28, 2025	Class A Common Stock	16K		Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 28, 2025, 8,606 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 on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.