Form 4: Under Armour Chief Legal Officer Reports Stock Transactions

Mehri Shadman, Chief Legal Officer of Under Armour, reports the disposition of 952 Class C Common Stock shares to cover tax obligations, while retaining a significant holding in both Class C and Class A Common Stock.

Summary

• Mehri Shadman, the Chief Legal Officer of Under Armour, filed a Form 4 detailing changes in beneficial ownership of Under Armour stock.
• On February 15, 2025, Mr. Shadman disposed of 952 shares of Class C Common Stock to satisfy tax obligations.
• The transaction was exempt from reporting under Section 16 due to its nature.
• Following the transaction, Mr. Shadman directly owns 171,947 shares of Class C Common Stock and 1,570 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a key executive at Under Armour.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares for tax purposes and does not indicate a change in the executive's confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Under Armour, UA, Mehri Shadman, Chief Legal Officer, Stock Transaction, Class C Common Stock, Class A Common Stock