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

Rhea-AI Filing Summary

Jerri L. DeVard, a director of Under Armour, Inc. (ticker UAA), received an annual restricted stock unit grant under the company's Fiscal Year 2025 Non-Employee Director Compensation Plan. The Form 4 reports a 9/3/2025 acquisition of 30,674.85 Class C common stock units at a stated price of $0. After the reported transaction, DeVard beneficially owned 167,994.88 shares of Class C common stock and continued to beneficially own 1,200 shares of Class A common stock. The filing was signed by an attorney-in-fact on behalf of DeVard on 9/5/2025. The filing identifies the grant as the annual restricted stock unit award to non-employee directors; no cash purchase or derivative transactions are reported.

Positive

• Annual RSU grant disclosed under the Fiscal Year 2025 Non-Employee Director Compensation Plan
• Post-grant beneficial ownership reported for transparency: 167,994.88 Class C and 1,200 Class A shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director RSU grant; no cash outlay and no exercises or disposals reported, so neutral to valuation.

The Form 4 documents a standard annual restricted stock unit grant to a non-employee director totaling 30,674.85 Class C shares issued at $0 under the Fiscal Year 2025 Non-Employee Director Compensation Plan. This is a compensation expense and dilution source but is routine and small relative to marquee corporate actions. No derivative transactions, sales, or purchases at market are disclosed, and beneficial ownership after the grant is provided for both Class C and Class A shares.

Corporate Governance Expert

TL;DR: Standard governance practice: annual RSU grant for a director, properly reported on Form 4.

The filing is consistent with standard board compensation practices: an annual restricted stock unit award granted to a director and reported under Section 16. The disclosure names the compensation plan and shows post-grant beneficial ownership, supporting transparency. The signature by an attorney-in-fact is noted and the filing indicates no additional arrangements such as 10b5-1 plans or derivative positions.

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^*

DEVARD JERRI

(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	167,994.88	D
Class A Common Stock								1,200	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 Jerri L. DeVard	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 Under Armour director Jerri DeVard receive on 09/03/2025 (UAA)?

The Form 4 reports an annual restricted stock unit grant of 30,674.85 Class C shares granted at a stated price of $0 on 09/03/2025.

How many shares does Jerri DeVard beneficially own after the reported transaction?

After the reported grant, DeVard beneficially owned 167,994.88 Class C shares and 1,200 Class A shares.

Was this Form 4 signed directly by Jerri DeVard?

The filing shows it was signed by Mehri F. Shadman, Attorney-in-Fact for Jerri L. DeVard on 09/05/2025.

Does the Form 4 report any sales, purchases at market, or derivative transactions for DeVard?

No; the Form 4 reports only the RSU grant and does not disclose any market purchases, sales, or derivative transactions.

Under which plan was the grant made?

The grant was made under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.