[Form 4] Under Armour, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mohamed El-Erian, an Under Armour, Inc. (UA) director, reported a non‑derivative acquisition on 10/01/2025 of 4,610.66 shares of Class C Common Stock at a price of $0. The filing shows 207,743.44 shares beneficially owned following the reported Class C transaction and 111,650 shares of Class A Common Stock reported as beneficially owned. The Explanation states these were director fees deferred as deferred stock units under the Fiscal Year 2025 Non‑Employee Director Compensation Plan. The Form is signed by an attorney‑in‑fact on behalf of Mr. El‑Erian on 10/02/2025.

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).

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)
10/01/2025

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)	10/01/2025		A		4,610.66	A	$0	207,743.44	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	10/02/2025
	** 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 transaction did Mohamed El-Erian report on the Form 4 for UA?

He acquired 4,610.66 shares of Class C Common Stock on 10/01/2025 at a reported price of $0.

Why were the shares acquired according to the filing?

The filing states the shares represent director fees deferred as deferred stock units under the Under Armour, Inc. Fiscal Year 2025 Non‑Employee Director Compensation Plan.

How many Under Armour shares does Mr. El-Erian beneficially own after the reported transaction?

The Form reports 207,743.44 shares beneficially owned following the Class C transaction and 111,650 shares of Class A Common Stock listed as beneficial ownership.

When was the Form 4 signed and who signed it?

The Form bears a signature by Mehri F. Shadman, Attorney‑in‑Fact for Mohamed El‑Erian dated 10/02/2025.

Was the transaction filed as an individual filing or joint/group filing?

The filing is marked as a Form filed by One Reporting Person.