Under Armour (NYSE: UA) director receives Class C stock units as fees

Rhea-AI Filing Summary

El-Erian Mohamed reported acquisition or exercise transactions in this Form 4 filing.

Under Armour, Inc. director Mohamed El-Erian received a grant of 11,830.36 shares of Class C Common Stock as deferred stock units. The grant represents director fees deferred under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.

After this award, he holds 224,011.67 shares of Class C Common Stock and 111,650 shares of Class A Common Stock directly. This transaction reflects compensation in stock units rather than an open-market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider El-Erian Mohamed

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class C Common Stock	11,830.36	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class C Common Stock — 224,011.67 shares (Direct); Class A Common Stock — 111,650 shares (Direct)

Footnotes (1)

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Key Figures

Deferred stock unit grant: 11,830.36 shares Class C shares after grant: 224,011.67 shares Class A shares holding: 111,650 shares +1 more

4 metrics

Deferred stock unit grant 11,830.36 shares Class C Common Stock director fee award on 2026-04-01

Class C shares after grant 224,011.67 shares Direct holdings following award

Class A shares holding 111,650 shares Direct Class A Common Stock holding entry

Transaction price per share $0.0000 Grant recorded at no cash price per share

Key Terms

deferred stock units, Non-Employee Director Compensation Plan, Class C Common Stock, Class A Common Stock, +1 more

5 terms

deferred stock units financial

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

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Non-Employee Director Compensation Plan financial

"pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan"

Class C Common Stock financial

"security_title: Class C Common Stock"

A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 MARYLAND 21230

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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)	04/01/2026		A		11,830.36	A	$0	224,011.67	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	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Under Armour (UA) director Mohamed El-Erian receive in this Form 4?

Mohamed El-Erian received 11,830.36 shares of Under Armour Class C Common Stock as a stock-based fee. The award represents deferred director fees granted as deferred stock units under the company’s Fiscal Year 2025 Non-Employee Director Compensation Plan.

Is Mohamed El-Erian buying or selling Under Armour (UA) stock in this report?

Mohamed El-Erian is not buying or selling shares on the open market here. He is receiving 11,830.36 Class C shares as a grant of deferred stock units, representing director compensation rather than a discretionary market trade.

How many Under Armour Class C shares does Mohamed El-Erian hold after this transaction?

After this transaction, Mohamed El-Erian holds 224,011.67 shares of Under Armour Class C Common Stock directly. This reflects the addition of 11,830.36 deferred stock units granted as part of his non-employee director fees for fiscal year 2025.

What are Mohamed El-Erian’s Class A Under Armour (UA) holdings after the grant?

Following the reported grant, Mohamed El-Erian directly holds 111,650 shares of Under Armour Class A Common Stock. This figure is disclosed as a holding entry and is separate from the 224,011.67 Class C shares reported after the deferred stock unit award.

What compensation plan governs Mohamed El-Erian’s deferred stock units at Under Armour (UA)?

The deferred stock units are granted under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan. Director fees are deferred into stock units, providing equity-based compensation instead of cash, as reflected in the 11,830.36 Class C shares awarded.