SCHEDULE: FMR LLC & Abigail Johnson Disclose Under Armour Stake
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a beneficial ownership of 0.4% of Under Armour Inc.'s Class A Common Stock.
Summary
- FMR LLC and Abigail P. Johnson reported beneficial ownership of 775,367.04 shares of Under Armour Inc. Class A Common Stock.
- This represents 0.4% of the total outstanding Class A Common Stock.
- The filing is an Amendment No. 4 to a Schedule 13G, indicating an update to a previous ownership disclosure.
- FMR LLC holds sole voting power over 23,744.07 shares and sole dispositive power over 775,367.04 shares.
- Abigail P. Johnson holds sole dispositive power over 775,367.04 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Under Armour Inc.
- Fidelity Management & Research Company LLC and Strategic Advisers LLC are identified as investment advisers within the FMR LLC group.
- Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are predominant owners of FMR LLC's Series B voting common shares.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, indicating a neutral sentiment as it does not contain operational or financial performance updates for the issuer.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director, Chairman, and Chief Executive Officer of FMR LLC | NA | Abigail P. Johnson | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholders' Voting Agreement (FMR LLC) | Members of the Johnson family, including Abigail P. Johnson, who are predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power), have entered into a shareholders' voting agreement. All Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. | NA | This agreement ensures consolidated voting power within the Johnson family group regarding FMR LLC, potentially deeming them a controlling group under the Investment Company Act of 1940. |
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 08/29/2025 | Date of event which requires filing of this statement. |
| 09/05/2025 | Date of joint filing agreement and signature date for FMR LLC and Abigail P. Johnson. |
Keywords
Under Armour, UAA, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Management, Institutional Ownership
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