SCHEDULE: FMR LLC Boosts Under Armour Stake to 12.7%

FMR LLC and Abigail P. Johnson report beneficial ownership of 12.7% of Under Armour Inc.'s Class A Common Stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 23,914,101.39 shares of Under Armour Inc.'s Class A Common Stock.
• This aggregate ownership represents 12.7% of the total outstanding Class A Common Stock.
• FMR LLC holds sole voting power over 22,439,571.96 shares.
• Both FMR LLC and Abigail P. Johnson hold sole dispositive power over 23,914,101.39 shares.
• Fidelity Blue Chip Growth Fund, a subsidiary of FMR LLC, holds 9,946,041.00 shares, accounting for 5.3% of the Class A Common Stock as of June 30, 2025.
• 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.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual ownership disclosure filing and does not contain performance or forward-looking statements from the issuer.

Positives

• A significant stake held by a major institutional investor like FMR LLC can signal confidence in the company's long-term prospects.
• The passive nature of the investment, as stated, indicates no immediate intent to influence or change control, suggesting stability in the ownership structure.

Future Outlook

NA

Management Comments

• "To the best of my knowledge and belief, 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

Stakeholder Impact

• Shareholders: The disclosure of a significant, passive institutional stake may provide a sense of stability and investor confidence in Under Armour Inc.
• Company Management: Awareness of a large, passive institutional holder may influence strategic decisions, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

Under Armour Inc, FMR LLC, Abigail P. Johnson, Class A Common Stock, Beneficial Ownership, Schedule 13G, Institutional Investor, UA