FMR LLC Reports 23.91M UAA Shares (12.7%) | Schedule 13G/A

Rhea-AI Filing Summary

What this filing reports: FMR LLC and Abigail P. Johnson report beneficial ownership of 23,914,101.39 shares of Under Armour Inc. Class A common stock (CUSIP 904311107), representing 12.7% of the class as of 06/30/2025. FMR LLC discloses sole voting power of 22,439,571.96 shares and sole dispositive power of 23,914,101.39 shares. Abigail P. Johnson discloses sole dispositive power of 23,914,101.39 shares and no voting power.

Additional items: Fidelity Blue Chip Growth Fund is identified as holding 9,946,041 shares (5.3%) as of 06/30/2025. The Schedule 13G/A cites Exhibit 99 for a 13d-1(k)(1) agreement. The statement of event date is 06/30/2025 and the filing/signature date is 08/05/2025.

Positive

• Material disclosure: Combined beneficial ownership of 23,914,101.39 shares (12.7%) is clearly reported
• Voting detail: FMR LLC discloses sole voting power of 22,439,571.96 shares, clarifying control mechanics
• Related holder disclosed: Fidelity Blue Chip Growth Fund holds 9,946,041 shares (5.3%), showing additional >5% interest

Negative

• None.

Insights

Financial Analyst

TL;DR: FMR LLC and Abigail Johnson disclose a material passive stake of 12.7% in Under Armour; voting/dispositive split is documented.

This Schedule 13G/A discloses a 12.7% beneficial position (23.914M shares) held passively as of 06/30/2025. FMR LLC reports substantial sole voting power (22.440M) and matching dispositive control, while Abigail P. Johnson reports sole dispositive power without voting power. The filing references Exhibit 99 for a 13d-1(k)(1) agreement and names a Fidelity fund holding 5.3% (9.946M). For investors, the filing is a straightforward disclosure of ownership levels and control mechanics without expressed intent to change control.

Corporate Governance Expert

TL;DR: Ownership is material but presented as passive; voting and dispositive power details are clearly disclosed.

The report clearly separates voting and dispositive powers: FMR LLC discloses 22.439M shares of sole voting power and full dispositive power over 23.914M shares. Abigail P. Johnson's disclosure of sole dispositive power with no voting power is notable for governance analysis. The inclusion of a >5% position by a Fidelity fund (5.3%) is disclosed. Exhibit 99 is referenced for the 13d-1(k)(1) agreement, which may detail allocation or voting arrangements; that exhibit should be reviewed for governance implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

UNDER ARMOUR INC

(Name of Issuer)

CLASS A COMMON STOCK

(Title of Class of Securities)

904311107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 904311107

1

Names of Reporting Persons

FMR LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 22,439,571.96
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,914,101.39
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,914,101.39

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 904311107

1

Names of Reporting Persons

Abigail P. Johnson

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,914,101.39
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,914,101.39

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: UNDER ARMOUR INC
(b)	Address of issuer's principal executive offices: 101 PERFORMANCE DRIVE,Baltimore,MD,US,21230
Item 2.
(a)	Name of person filing: FMR LLC
(b)	Address or principal business office or, if none, residence: 245 Summer Street, Boston, Massachusetts 02210
(c)	Citizenship: Not applicable
(d)	Title of class of securities: CLASS A COMMON STOCK
(e)	CUSIP No.: 904311107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 23914101.39
(b)	Percent of class: 12.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page.
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 23914101.39
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of UNDER ARMOUR INC. The interest of Fidelity Blue Chip Growth Fund, in the CLASS A COMMON STOCK of UNDER ARMOUR INC, amounted to 9946041.00 shares or 5.3% of the total outstanding CLASS A COMMON STOCK at 06/30/2025.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See attached Exhibit 99.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FMR LLC

Signature:	Richard Bourgelas
Name/Title:	Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:	08/05/2025

Abigail P. Johnson

Signature:	Richard Bourgelas
Name/Title:	Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of Abigail P. Johnson*
Date:	08/05/2025

Comments accompanying signature: *This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397.

Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.

FAQ

How many Under Armour (UAA) shares does FMR LLC report owning?

FMR LLC reports beneficial ownership of 23,914,101.39 shares, representing 12.7% of Class A common stock as of 06/30/2025.

What voting power does FMR LLC hold in UAA?

FMR LLC reports sole voting power over 22,439,571.96 shares according to the Schedule 13G/A cover page.

Does Abigail P. Johnson hold voting power for UAA shares?

Abigail P. Johnson reports 0.00 sole voting power and 0.00 shared voting power and sole dispositive power for 23,914,101.39 shares.

When is the reporting period and filing date for this 13G/A?

The date of the event requiring the filing is 06/30/2025 and the signature/filing date shown is 08/05/2025.

Is there any related >5% holder disclosed in the filing?

Yes. The filing states Fidelity Blue Chip Growth Fund held 9,946,041 shares (5.3%) of UAA Class A common stock at 06/30/2025.