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

Rhea-AI Filing Summary

Mohamed El-Erian, a director of Under Armour, Inc., reported a purchase of 100,000 shares of Class A common stock on 08/18/2025 at a weighted-average price of $5.1996 per share (trades ranged $5.165–$5.240). After the transaction the filing shows 111,650 Class A shares beneficially owned and 172,457.93 Class C shares held indirectly. The Form 4 was signed by an attorney-in-fact on 08/19/2025. The filer checked the box indicating status as a Director. The explanation notes multiple trades and offers to provide detailed trade-by-trade data on request.

Insights

Securities Analyst

Director purchase of 100,000 Class A shares at $5.20 signals insider buying; transaction details were executed across multiple trades.

The Form 4 documents a clear, reported purchase (code P) totaling 100,000 Class A shares at a weighted-average price of $5.1996 on 08/18/2025. Post-transaction beneficial ownership is reported as 111,650 Class A shares and 172,457.93 Class C shares. The filing is routine in form and includes an explanatory note that the reported price is a weighted average of multiple trades, with full trade details available on request.

Corporate Governance Expert

Insider acquisition by a director is a governance-relevant disclosure but the filing contains no additional governance changes.

The report reflects Mohamed El-Erian's acquisition activity and confirms his director status; it was filed by one reporting person and executed via attorney-in-fact. There are no amendments or other changes to officer/director roles or to ownership structure beyond the reported share amounts. The document adheres to Section 16 reporting requirements.

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 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)
08/18/2025

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 A Common Stock	08/18/2025		P		100,000	A	$5.1996(1)	111,650	D
Class C Common Stock								172,457.93	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. This transaction was executed in multiple trades at prices ranging from $5.165 to $5.240. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Mehri F. Shadman, Attorney-in-Fact for Mohamed El-Erian	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 Mohamed El-Erian report on Form 4 for UAA?

He reported a purchase of 100,000 Class A shares on 08/18/2025 at a weighted-average price of $5.1996.

How many Under Armour (UAA) shares does the reporting person own after the transaction?

The filing shows 111,650 Class A shares and 172,457.93 Class C shares beneficially owned following the reported transaction.

What transaction code was used on the Form 4 for UAA?

The transaction is marked with code P, indicating a purchase.

When was the Form 4 signed and by whom?

The Form 4 was signed on 08/19/2025 by Mehri F. Shadman, Attorney-in-Fact for Mohamed El-Erian.

Does the filing provide per-trade prices for the UAA purchase?

The filing states trades ranged from $5.165 to $5.240 and that the reported price is a weighted average; full trade-by-trade details are available on request.