Under Armour (UA) director El-Erian reports Class C deferred stock units

Rhea-AI Filing Summary

Under Armour director equity grant reported in Form 4

Under Armour, Inc. director Mohamed El-Erian reported receiving 4,437.87 shares of Class C common stock on 01/02/2026. The filing states these were director fees deferred as deferred stock units under the company’s Fiscal Year 2025 Non-Employee Director Compensation Plan and were acquired at a stated price of $0 per share, reflecting compensation rather than an open-market purchase.

Following this transaction, El-Erian beneficially owned 212,181.31 shares of Under Armour Class C common stock and 111,650 shares of Class A common stock, all held directly. The filing is signed by an attorney-in-fact on his behalf.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

El-Erian Mohamed

(Last) (First) (Middle)

101 PERFORMANCE DRIVE

(Street)

BALTIMORE MD 21230

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Under Armour, Inc. [ UA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class C Common Stock(1)	01/02/2026		A		4,437.87	A	$0	212,181.31	D
Class A Common Stock								111,650	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Director fees deferred as deferred stock units pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.

Remarks:

	/s/ Mehri F. Shadman, Attorney-in-Fact for Mohamed El-Erian	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Under Armour (UA) report in this Form 4?

The filing reports that director Mohamed El-Erian received 4,437.87 shares of Under Armour Class C common stock on 01/02/2026 as deferred stock units.

How did Mohamed El-Erian receive the new Under Armour (UA) shares?

The shares were reported as director fees deferred as deferred stock units under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan, at a stated price of $0 per share.

How many Under Armour Class C shares does Mohamed El-Erian beneficially own after the transaction?

After the reported transaction, Mohamed El-Erian beneficially owned 212,181.31 shares of Under Armour Class C common stock, held directly.

How many Under Armour Class A shares does Mohamed El-Erian hold?

The Form 4 shows that Mohamed El-Erian beneficially owned 111,650 shares of Under Armour Class A common stock, held directly.

What was the transaction code used in the Under Armour (UA) Form 4?

The transaction in Class C common stock is labeled with transaction code A, indicating an acquisition of securities.

What plan governs the deferred stock units reported for Under Armour (UA)?

The deferred stock units are described as director fees deferred under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.