Form 4: UWM Holdings Corp: Mat Ishbia and SFS Holding Corp Report Changes in Beneficial Ownership

Mat Ishbia, CEO of UWM Holdings Corp, and SFS Holding Corp report transactions involving Class A Common Stock, including the conversion and sale of UWM Paired Interests.

Summary

• On September 16, 2024, SFS Holding Corp converted 1,200,000 UWM Paired Interests into Class A Common Stock.
• These shares were then immediately sold at a price of $8.45 per share.
• Mat Ishbia, as CEO and sole director of SFS Corp, exercises voting and dispositive power over the securities held by SFS Corp.
• Following these transactions, SFS Corp directly holds no Class A Common Stock, while Mat Ishbia directly holds 171,520 shares.
• SFS Corp indirectly holds 1,485,027,775 UWM Paired Interests.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions by insiders. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, such as directors, officers, and principal stockholders, in their company's stock.

Stakeholder Impact

• Shareholders are informed about the transactions of significant shareholders and the CEO.
• The market may react to the sale of shares by a major shareholder.

Key Dates