Form 4: Under Armour CEO Kevin Plank Reports Routine Stock Disposition for Tax Purposes

Under Armour, Inc. President and CEO Kevin A. Plank reported a disposition of 19,947 shares of Class C Common Stock for tax purposes, while maintaining significant direct and indirect beneficial ownership.

Summary

• Kevin A. Plank, who serves as Director, 10% Owner, and President and CEO of Under Armour, Inc., filed a Form 4.
• The filing reports a transaction on June 3, 2025, involving the disposition of 19,947 shares of Class C Common Stock.
• The transaction code 'F' indicates that these shares were disposed of to satisfy tax withholding obligations, with a reported price of $0 per share.
• Following this transaction, Kevin Plank directly beneficially owns 4,277,789 shares of Class C Common Stock.
• He also maintains substantial indirect beneficial ownership across various entities, including Class C, Class B, and Class A Common Stock.
• Indirect holdings include: 654,589 Class C, 24,260,624 Class B, and 181,608 Class A through KDP Holdings I LLC; 11,250,000 Class C through KDP Holdings III LLC; 3,107,880 Class C and 3,135,976 Class B through Plank Family Trust; 719,722 Class C and 739,650 Class B through KD Plank LLC; 1,046,123 Class C and 1,063,750 Class B through KD Plank #2 LLC; and 5,250,000 Class B through KDP Holdings II LLC.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary disposition of shares for tax purposes, which is a common occurrence for executives receiving equity compensation. It does not reflect a change in management's outlook or a strategic shift.

Positives

• Kevin Plank continues to hold a substantial number of shares, both directly and indirectly, aligning his interests with those of other shareholders.

Negatives

• The direct beneficial ownership of Class C Common Stock by Kevin Plank decreased by 19,947 shares due to the disposition for tax purposes.

Future Outlook

N/A

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically a disposition for tax purposes, and does not provide broader industry context or strategic updates for Under Armour, Inc. Such transactions are common for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and Kevin Plank retains significant ownership, indicating continued alignment of interests.

Key Dates

Keywords

Under Armour, UA, Kevin Plank, SEC Form 4, Insider Transaction, Beneficial Ownership, Stock Disposition, Tax Withholding, Corporate Governance