Under Armour SEC Filings

Under Armour director Douglas E. Coltharp reported a routine equity compensation transaction. On 01/02/2026, he acquired 7,026.63 shares of Class C Common Stock at a price of $0, reflecting director fees deferred as deferred stock units under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan. After this transaction, he beneficially owned 311,328.86 shares of Class C Common Stock directly, with additional indirect holdings in various trusts and UTMA accounts, and also held direct and indirect positions in Class A Common Stock. The filing is made as a Form 4 by a director and does not reflect an open-market purchase or sale for cash.

Under Armour, Inc. investors are informed that V. Prem Watsa and a group of Fairfax-affiliated entities have filed a Schedule 13D reporting significant ownership of the company’s Class A common stock. The group beneficially owns 41,958,923 Class A Shares, representing 22.2% of the class, based on 188,834,386 Class A Shares outstanding as of October 31, 2025.

The filing states that the Class A Shares were purchased with cash on hand from existing investment portfolios and were acquired for investment purposes. The Fairfax-affiliated entities indicate they may buy additional Under Armour securities or sell some or all of their holdings depending on price, market conditions, availability of funds and other factors, but they report no present intention to pursue the transactions typically listed in Item 4 of Schedule 13D, such as mergers or other control-related actions.

Under Armour, Inc. investors are informed that V. Prem Watsa and a group of Fairfax-affiliated entities have filed a Schedule 13D reporting significant ownership of the company’s Class A common stock. The group beneficially owns 41,958,923 Class A Shares, representing 22.2% of the class, based on 188,834,386 Class A Shares outstanding as of October 31, 2025.

The filing states that the Class A Shares were purchased with cash on hand from existing investment portfolios and were acquired for investment purposes. The Fairfax-affiliated entities indicate they may buy additional Under Armour securities or sell some or all of their holdings depending on price, market conditions, availability of funds and other factors, but they report no present intention to pursue the transactions typically listed in Item 4 of Schedule 13D, such as mergers or other control-related actions.

Under Armour, Inc. director and more than 10% owner reporting persons disclosed significant open‑market purchases of both Class A and Class C common shares on December 30, 2025. They acquired 11,504,478 Class A Common Shares at a weighted average price of $5.1408 per share, bringing their indirectly held Class A position to 41,958,923 shares. They also purchased 1,677,991 Class C Common Shares at a weighted average price of $4.9474, increasing their indirectly held Class C position to 9,457,355 shares. The securities are held by wholly owned subsidiaries of Fairfax Financial Holdings Limited, with Prem Watsa as Chief Executive Officer and controlling person through specified holding companies, and each reporting person disclaims beneficial ownership beyond any pecuniary interest.

Under Armour, Inc. director and more than 10% owner reporting persons disclosed significant open‑market purchases of both Class A and Class C common shares on December 30, 2025. They acquired 11,504,478 Class A Common Shares at a weighted average price of $5.1408 per share, bringing their indirectly held Class A position to 41,958,923 shares. They also purchased 1,677,991 Class C Common Shares at a weighted average price of $4.9474, increasing their indirectly held Class C position to 9,457,355 shares. The securities are held by wholly owned subsidiaries of Fairfax Financial Holdings Limited, with Prem Watsa as Chief Executive Officer and controlling person through specified holding companies, and each reporting person disclaims beneficial ownership beyond any pecuniary interest.

Fairfax Financial–related entities reported a series of open‑market purchases of Under Armour, Inc. shares in late December 2025. Through wholly owned subsidiaries of Fairfax Financial Holdings Limited, they bought Class A and Class C common shares of Under Armour on December 22, 23, 24, 26 and 29, 2025 at various weighted average prices between about $4.28 and $4.77 per share.

On December 22, they purchased 5,383,513 Class A shares at a weighted average price of $4.5285 and 2,355,641 Class C shares at $4.3562, with additional multi‑million‑share purchases on subsequent days. After the final reported transaction on December 29, the reporting persons indirectly beneficially owned 30,454,445 Class A and 7,779,364 Class C Under Armour shares through Fairfax subsidiaries. The filing notes that each reporting person disclaims beneficial ownership beyond any pecuniary interest.

Fairfax Financial–related entities reported a series of open‑market purchases of Under Armour, Inc. shares in late December 2025. Through wholly owned subsidiaries of Fairfax Financial Holdings Limited, they bought Class A and Class C common shares of Under Armour on December 22, 23, 24, 26 and 29, 2025 at various weighted average prices between about $4.28 and $4.77 per share.

On December 22, they purchased 5,383,513 Class A shares at a weighted average price of $4.5285 and 2,355,641 Class C shares at $4.3562, with additional multi‑million‑share purchases on subsequent days. After the final reported transaction on December 29, the reporting persons indirectly beneficially owned 30,454,445 Class A and 7,779,364 Class C Under Armour shares through Fairfax subsidiaries. The filing notes that each reporting person disclaims beneficial ownership beyond any pecuniary interest.

Under Armour director V. Prem Watsa has filed an initial ownership report showing substantial indirect stakes in the company. The filing lists 19,307,536 Class A common shares and 3,244,309 Class C common shares of Under Armour, Inc. held indirectly through wholly owned subsidiaries of Fairfax Financial Holdings Limited, where Mr. Watsa serves as Chief Executive Officer and controlling person through various holding companies. The reporting persons state that they disclaim beneficial ownership of these securities except to the extent of any pecuniary interest.

Under Armour director V. Prem Watsa has filed an initial ownership report showing substantial indirect stakes in the company. The filing lists 19,307,536 Class A common shares and 3,244,309 Class C common shares of Under Armour, Inc. held indirectly through wholly owned subsidiaries of Fairfax Financial Holdings Limited, where Mr. Watsa serves as Chief Executive Officer and controlling person through various holding companies. The reporting persons state that they disclaim beneficial ownership of these securities except to the extent of any pecuniary interest.

Under Armour, Inc. received an amended ownership report showing that V. Prem Watsa, together with multiple affiliated Fairfax entities, has beneficial ownership of 30,454,445 shares of Class A Common Stock, representing 16.1% of that class. This percentage is calculated based on 188,834,386 Class A shares outstanding as of October 31, 2025, as reported by Under Armour.

The filing allocates portions of this stake among several insurance and holding company subsidiaries, such as FFHL Group Ltd., Odyssey Reinsurance–related entities, Crum & Forster–related entities, Brit Group–related entities, and Allied World–related entities. The reporting persons state that the securities were not acquired and are not held for the purpose of changing or influencing control of Under Armour, and they expressly disclaim beneficial ownership for certain legal purposes.

Under Armour, Inc. received an amended ownership report showing that V. Prem Watsa, together with multiple affiliated Fairfax entities, has beneficial ownership of 30,454,445 shares of Class A Common Stock, representing 16.1% of that class. This percentage is calculated based on 188,834,386 Class A shares outstanding as of October 31, 2025, as reported by Under Armour.

The filing allocates portions of this stake among several insurance and holding company subsidiaries, such as FFHL Group Ltd., Odyssey Reinsurance–related entities, Crum & Forster–related entities, Brit Group–related entities, and Allied World–related entities. The reporting persons state that the securities were not acquired and are not held for the purpose of changing or influencing control of Under Armour, and they expressly disclaim beneficial ownership for certain legal purposes.

Under Armour, Inc. received a major ownership disclosure from V. Prem Watsa and a large group of affiliated Fairfax entities, who jointly report beneficial ownership of 16,991,049 Class A shares, representing 9.0% of the class. This percentage is based on 188,834,386 Class A shares outstanding as of October 31, 2025, as reported by Under Armour.

The filing is made on a Schedule 13G, meaning the securities are certified as not acquired or held for the purpose of changing or influencing control of Under Armour. The report notes that it is a late filing due to an inadvertent administrative error. Across the various Fairfax-related entities, voting and dispositive power over the shares is reported on a shared, not sole, basis.

Under Armour, Inc. received a major ownership disclosure from V. Prem Watsa and a large group of affiliated Fairfax entities, who jointly report beneficial ownership of 16,991,049 Class A shares, representing 9.0% of the class. This percentage is based on 188,834,386 Class A shares outstanding as of October 31, 2025, as reported by Under Armour.

The filing is made on a Schedule 13G, meaning the securities are certified as not acquired or held for the purpose of changing or influencing control of Under Armour. The report notes that it is a late filing due to an inadvertent administrative error. Across the various Fairfax-related entities, voting and dispositive power over the shares is reported on a shared, not sole, basis.

Under Armour, Inc. insider filing: Chief Legal Officer Mehri F. Shadman reported a Form 4 transaction dated 11/15/2025. The filing shows a disposition of 6,094 shares of Class C Common Stock with a transaction code “F,” typically used for shares withheld to cover taxes on equity awards at a stated price of $0. After this transaction, Shadman beneficially owns 188,544 shares of Class C Common Stock and 1,570 shares of Class A Common Stock, all held directly. No derivative securities are reported as acquired or disposed of in this filing.

Under Armour, Inc. insider filing: Chief Legal Officer Mehri F. Shadman reported a Form 4 transaction dated 11/15/2025. The filing shows a disposition of 6,094 shares of Class C Common Stock with a transaction code “F,” typically used for shares withheld to cover taxes on equity awards at a stated price of $0. After this transaction, Shadman beneficially owns 188,544 shares of Class C Common Stock and 1,570 shares of Class A Common Stock, all held directly. No derivative securities are reported as acquired or disposed of in this filing.

Under Armour reported quarterly results. For the three months ended September 30, 2025, net revenues were $1,333,380 with a net loss of $18,814, compared to a profit a year ago. Gross profit was $630,584 as cost of goods sold held roughly flat while SG&A of $581,632 and restructuring charges of $31,906 weighed on operating income, which fell to $17,046. Interest expense also rose.

On the balance sheet, cash was $395,991 and inventories $1,037,166. Current maturities of long-term debt were $599,439. The company issued $400,000 of 7.25% senior notes due 2030, borrowed $200,000 under its revolver, and satisfied and discharged its 3.25% notes due 2026, with related trust assets shown in restricted investments of $604,065. It repurchased $25,000 of Class C stock, retiring 5.2 million shares under its authorization.

By quarter end, total liabilities were $3,043,800 and stockholders’ equity was $1,855,678. A previously disclosed derivative litigation settlement received final state court approval, and related insurance coverage litigation remains on appeal.

Under Armour reported quarterly results. For the three months ended September 30, 2025, net revenues were $1,333,380 with a net loss of $18,814, compared to a profit a year ago. Gross profit was $630,584 as cost of goods sold held roughly flat while SG&A of $581,632 and restructuring charges of $31,906 weighed on operating income, which fell to $17,046. Interest expense also rose.

On the balance sheet, cash was $395,991 and inventories $1,037,166. Current maturities of long-term debt were $599,439. The company issued $400,000 of 7.25% senior notes due 2030, borrowed $200,000 under its revolver, and satisfied and discharged its 3.25% notes due 2026, with related trust assets shown in restricted investments of $604,065. It repurchased $25,000 of Class C stock, retiring 5.2 million shares under its authorization.

By quarter end, total liabilities were $3,043,800 and stockholders’ equity was $1,855,678. A previously disclosed derivative litigation settlement received final state court approval, and related insurance coverage litigation remains on appeal.

Under Armour, Inc. filed an 8-K noting two developments: it released financial results for the quarter ended September 30, 2025 (via Exhibit 99.1) and announced a CFO transition. The company scheduled a conference call for 8:30 a.m. ET on November 6, 2025 to discuss results.

Reza Taleghani will join as Executive Vice President, Chief Financial Officer and principal financial officer in February 2026. David Bergman will step down when Mr. Taleghani starts and remain as a senior advisor into the first quarter of fiscal 2027 to support the transition. Mr. Taleghani’s compensation includes an annual base salary of $825,000, a $250,000 signing bonus, and eligibility for a fiscal 2026 cash incentive with a target equal to 75% of base salary, guaranteed at 100% of target for fiscal 2026. Upon joining, he is expected to receive time-based non-qualified stock options with a grant date value of $2,500,000, an additional time-based options award of $1,500,000, and a one-time special restricted cash award of $1,500,000, each vesting in three equal annual installments.

Under Armour, Inc. filed an 8-K noting two developments: it released financial results for the quarter ended September 30, 2025 (via Exhibit 99.1) and announced a CFO transition. The company scheduled a conference call for 8:30 a.m. ET on November 6, 2025 to discuss results.

Reza Taleghani will join as Executive Vice President, Chief Financial Officer and principal financial officer in February 2026. David Bergman will step down when Mr. Taleghani starts and remain as a senior advisor into the first quarter of fiscal 2027 to support the transition. Mr. Taleghani’s compensation includes an annual base salary of $825,000, a $250,000 signing bonus, and eligibility for a fiscal 2026 cash incentive with a target equal to 75% of base salary, guaranteed at 100% of target for fiscal 2026. Upon joining, he is expected to receive time-based non-qualified stock options with a grant date value of $2,500,000, an additional time-based options award of $1,500,000, and a one-time special restricted cash award of $1,500,000, each vesting in three equal annual installments.