Form 4: UWM Holdings Corp: Mat Ishbia and SFS Holding Corp Execute Conversions and Sales of Class A Common Stock

Mat Ishbia, along with SFS Holding Corp, converted UWM Paired Interests into Class A Common Stock and subsequently sold them in a privately negotiated transaction.

Summary

• On October 8, 2024, 10,287,793 UWM Paired Interests were converted into Class A Common Stock.
• These shares were then sold.
• On October 10, 2024, an additional 15,763,086 UWM Paired Interests were converted into Class A Common Stock and subsequently sold.
• The sales were conducted in a privately negotiated transaction for membership interests in a privately held limited liability company.
• Following these transactions, Mat Ishbia directly holds 171,520 shares of Class A Common Stock.
• SFS Holding Corp indirectly holds 1,440,332,098 UWM Paired Interests.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions by insiders, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.

Key Dates