Form 4: Under Armour Chief Legal Officer Reports Stock Transactions and Corrects Prior Filing

Under Armour's Chief Legal Officer, Mehri Shadman, reported the sale of Class C Common Stock and a tax-related disposition, alongside a correction to previously understated holdings.

Summary

• Mehri Shadman, Chief Legal Officer of Under Armour, Inc., reported transactions involving Class C Common Stock on June 3, 2025.
• A total of 17,125 shares of Class C Common Stock were disposed of for tax withholding purposes at a price of $0.
• Additionally, 16,287 shares of Class C Common Stock were sold at a weighted average price of $6.145 per share.
• The reported beneficial ownership was adjusted to correct a clerical error from a previous Form 4 filing, which had understated the reporting person's Class C Common Stock holdings by 1,421 shares.
• Following these transactions, Mehri Shadman beneficially owns 191,796 shares of Class C Common Stock and 1,570 shares of Class A Common Stock.
• The reported transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: This Form 4 reports routine insider transactions (tax withholding and a pre-planned sale) and a clerical correction, which are generally neutral events for company sentiment.

Positives

• Correction of a clerical error on a previous filing, improving the accuracy of reported beneficial ownership.
• Transactions were executed under a Rule 10b5-1 plan, indicating pre-planned sales and potentially reducing concerns about opportunistic trading.

Negatives

• The sale of 16,287 shares of Class C Common Stock by a key executive reduces their direct ownership in the company.

Future Outlook

NA

Management Comments

• The reporting person undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

NA

Stakeholder Impact

• Shareholders may observe a reduction in direct ownership by a key executive, though the transaction was pre-planned.

Key Dates

Recommendation

Keywords

Under Armour, UA, Form 4, Insider Trading, Stock Sale, Executive Compensation, Mehri Shadman, Class C Common Stock, Class A Common Stock, SEC Filing