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

Rhea-AI Filing Summary

Mohamed El-Erian, a director of Under Armour, Inc. (UAA), received an annual restricted stock unit grant. The Form 4 shows an acquisition on 09/03/2025 of 30,674.85 Class C Common Stock units at a reported price of $0, described as an annual restricted stock unit grant under the Fiscal Year 2025 Non-Employee Director Compensation Plan. After the grant, the filing reports 203,132.78 Class C shares beneficially owned (direct) and 111,650 Class A shares beneficially owned (direct).

The form is filed individually and signed by an attorney-in-fact on behalf of Mr. El-Erian on 09/05/2025. Exhibit 24 (Power of Attorney) is listed in the exhibit section.

Positive

• Annual restricted stock unit grant of 30,674.85 Class C shares reported under the Fiscal Year 2025 Non-Employee Director Compensation Plan
• Beneficial ownership disclosed: 203,132.78 Class C shares and 111,650 Class A shares reported as directly owned after the transaction
• Filing executed and signed (Power of Attorney exhibited), indicating procedural completeness

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation grant recorded; no sale or cash consideration reported.

The filing documents a customary annual restricted stock unit award to a non-employee director under the company's director compensation plan. The grant was reported as an acquisition at a $0 price, consistent with issuance of RSUs rather than an open-market purchase. The report shows the director's beneficial ownership across dual share classes, which is relevant for understanding voting and economic exposure.

Securities Compliance Analyst

TL;DR: Disclosure appears complete for the reported grant; no derivative activity or dispositions disclosed.

The Form 4 lists a single non-derivative acquisition and indicates the filing was made by one reporting person. No exercisable derivatives, dispositions, or cash proceeds are reported. The presence of Exhibit 24 (Power of Attorney) and an attorney-in-fact signature are properly noted. This is a routine, non-material insider compensation filing for investors tracking insider holdings.

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

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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)
09/03/2025

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)	09/03/2025		A		30,674.85	A	$0	203,132.78	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. Annual restricted stock unit grant pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.

Remarks:

Exhibit List Exhibit 24 - Power of Attorney.

	/s/ Mehri F. Shadman, Attorney-in-Fact for Mohamed El-Erian	09/05/2025
	** 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 did Mohamed El-Erian report on the Form 4 for Under Armour (UAA)?

He reported the acquisition of 30,674.85 Class C Common Stock units as an annual restricted stock unit grant; post-transaction beneficial ownership is 203,132.78 Class C and 111,650 Class A shares.

When was the transaction for the Under Armour (UAA) Form 4 reported?

The transaction date is 09/03/2025, and the Form 4 shows a signature by an attorney-in-fact dated 09/05/2025.

What was the reported price for the RSU grant on the Form 4 (UAA)?

The acquisition of 30,674.85 Class C units is reported at a price of $0, consistent with an RSU grant.

Was any derivative or option activity reported in this Form 4 for Under Armour (UAA)?

No. Table II for derivative securities shows no entries; only a non-derivative RSU acquisition is reported.

Under what plan was the award granted according to the Form 4?

The filing states the award is an annual restricted stock unit grant under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.