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

Rhea-AI Filing Summary

Insider transaction by Eric Liedtke at Under Armour (UAA) reported a disposition of 16,674 shares of Class C common stock on 08/15/2025 (Transaction Code F) with a reported price of $0. After the reported transaction, Mr. Liedtke beneficially owned 308,902 Class C shares directly and 15,232 indirectly through his spouse. The filing notes no beneficial ownership of Class A common stock.

Positive

• Required disclosure completed: Form 4 filed and signed by attorney-in-fact, indicating compliance with Section 16 reporting obligations
• Substantial retained direct ownership: Reporting person continues to hold 308,902 Class C shares after the reported transaction

Negative

• Reported disposition: 16,674 Class C shares were disposed of on 08/15/2025
• Price field shows $0, which provides no information on economic proceeds in the filing

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure showing a reported disposal and remaining sizable direct ownership; filing appears compliant.

The Form 4 shows a reported disposal of 16,674 Class C shares under Transaction Code F, leaving the reporting person with 308,902 direct Class C shares and 15,232 indirect via spouse. The filing explicitly states no Class A shares are held. The signature is by an attorney-in-fact dated 08/19/2025, indicating procedural completion of required Section 16 reporting.

Securities Analyst

TL;DR: Disclosure records an insider share disposition but provides no price proceeds or economic rationale.

The report lists a disposition of 16,674 Class C shares on 08/15/2025 with a reported price of $0, which is stated in the filing text. Following the transaction the reporting person retains meaningful direct ownership (308,902 shares). No derivative transactions are reported. The filing contains no earnings or transaction proceeds data to assess financial impact.

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
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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^*

Liedtke Eric

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		F		16,674	D	$0	308,902	D
Class C Common Stock								15,232	I	By Spouse

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:

Remarks:

No Class A Common Stock (UAA) is beneficially owned.

	/s/ Mehri F. Shadman, Attorney-in-Fact for Eric Liedtke	08/19/2025
	** 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 Eric Liedtke report on Form 4 for Under Armour (UAA)?

He reported a disposition of 16,674 Class C shares on 08/15/2025, leaving him with 308,902 Class C shares directly and 15,232 indirectly via spouse.

When was the Form 4 signed and who signed it?

The form was signed by Mehri F. Shadman, Attorney-in-Fact for Eric Liedtke, on 08/19/2025 as shown in the filing.

Does the filing show any Class A (UAA) shares owned by the reporting person?

No. The filing explicitly states that no Class A common stock (UAA) is beneficially owned.

Are there any derivative transactions reported in this Form 4?

No derivative securities (options, warrants, convertible securities) are reported in Table II of this filing.

What transaction code was used for the reported trade?

Transaction Code F is listed for the 08/15/2025 disposition of 16,674 Class C shares.