Form 4: Under Armour Director Karen Katz Reports Changes in Beneficial Ownership

Director Karen Katz reports acquisition of Class C Common Stock and disposal of Class A Common Stock and Class C Common Stock.

Summary

• Karen Katz, a director of Under Armour, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On January 2, 2025, Katz acquired 3,090.66 shares of Class C Common Stock at $0.
• Katz also disposed of 5,120.96 shares of Class A Common Stock.
• Additionally, Katz disposed of 2,014 shares of Class C Common Stock.
• Following these transactions, Katz directly owns 181,452.95 shares of Class C Common Stock.
• Katz also indirectly owns 2,000 shares of Class A Common Stock and 2,014 shares of Class C Common Stock through the Katz Family Trust.
• The acquisition of Class C Common Stock represents deferred director fees under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not inherently convey positive or negative sentiment. It simply reports transactions.

Positives

• The acquisition of Class C Common Stock indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in Karen Katz's holdings of Under Armour stock.

Stakeholder Impact

• Shareholders are informed about changes in the holdings of a key insider, which can influence investor sentiment.

Key Dates