Form 4: UWM Holdings CEO Mat Ishbia Reports Stock Transactions

Mat Ishbia, CEO of UWM Holdings, reports the vesting and settlement of restricted stock units and shares withheld for tax obligations.

Summary

• On February 28, 2025, Mat Ishbia, the CEO of UWM Holdings Corp, had 152,990 restricted stock units (RSUs) vest and settle into an equal number of Class A Common Stock.
• The price per share for the RSU settlement was $6.28.
• Additionally, 44,521 shares of Class A Common Stock were withheld by the company to cover minimum withholding obligations.
• Following these transactions, Ishbia directly owns 279,989 shares of Class A Common Stock.
• SFS Holding Corp, a 10% owner of UWM Holdings, indirectly holds 1,440,332,098 shares of Class A Common Stock through Class B Common Units of UWM Holdings, LLC.
• These Class B Common Units are convertible/exchangeable for Class A Common Stock.
• Ishbia exercises voting and dispositive power over the securities held by SFS Corp.
• Ishbia also directly holds 180,737 Restricted Stock Units that vest on March 1, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, so the sentiment is neutral.

Future Outlook

The document does not contain specific forward-looking statements, but it does indicate future vesting of RSUs on March 1, 2026.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like the CEO, trade in their company's stock; it provides transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
• Employees holding RSUs are impacted as their awards vest over time.

Key Dates