Form 4: UWM Holdings Corp: Mat Ishbia and SFS Holding Corp Report Significant Transaction in Class A Common Stock

Mat Ishbia, along with SFS Holding Corp, reports the conversion and sale of a substantial number of UWM Paired Interests into Class A Common Stock, resulting in a shift in direct ownership.

Summary

• On March 14, 2025, Mat Ishbia and SFS Holding Corp. engaged in transactions involving UWM Holdings Corp. Class A Common Stock.
• SFS Holding Corp. converted 29,520,569 UWM Paired Interests into an equal number of Class A Common Stock shares.
• These shares were then sold in a privately negotiated transaction for membership interests in a privately held limited liability company.
• Following the transaction, Mat Ishbia directly holds 279,989 shares of Class A Common Stock.
• Mat Ishbia indirectly holds 1,410,811,529 derivative securities through SFS Corp.
• Mat Ishbia also directly holds 180,737 Restricted Stock Units (RSUs) that vest on March 1, 2026.
• SFS Corp. no longer directly holds Class A Common Stock as a result of the sale.

Sentiment

Score: 5

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

Future Outlook

The document does not explicitly provide a future outlook, but it details changes in ownership structure and holdings of UWM Holdings Corp. securities.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors regarding management's stake in the company.

Stakeholder Impact

• The transaction may impact shareholders by altering the ownership structure of the company.
• The sale of shares by SFS Holding Corp. could influence the supply and demand dynamics of UWM Holdings Corp. stock.

Key Dates