Uwm Holdings Corporation SEC Filings

UWM Holdings Corp has had its warrants removed from listing and registration on the New York Stock Exchange. The filing states that the Exchange filed a Form 25 under Section 12(b) of the Securities Exchange Act of 1934 to strike this class of securities from listing and/or withdraw its registration.

The affected securities are warrants, each exercisable for one share of UWM Holdings Class A common stock at an exercise price of $11.50 per share. The document notes that the Exchange has complied with its rules for striking the class from listing and registration, and that related requirements for withdrawal under the applicable SEC rules have been met.

SFS Corp, a 10% holder of UWM Holdings Corp, reported planned sales of Class A common stock under a Rule 10b5-1 trading plan. On January 5, 6, and 7, 2026, SFS Corp sold 632,874 shares on each date at weighted average prices of $4.43, $4.45, and $4.70 per share, with detailed price ranges noted in the filing. These shares are held directly by SFS Corp and indirectly by Mat Ishbia, who is UWM’s President, CEO, director, and a 10% owner, and who exercises voting and dispositive power over SFS Corp’s holdings. After these transactions, SFS Corp reported continued indirect ownership of UWM Class A shares, while Mat Ishbia also holds 279,989 Class A shares directly and 180,737 restricted stock units that convert one-for-one into Class A shares and vest on March 1, 2026 under the 2020 Omnibus Incentive Plan.

UWM Holdings Corp. insider Mat Ishbia, a director, 10% owner, and the company’s President and CEO, reported multiple transactions in Class A Common Stock. On 12/30/2025, 12/31/2025, and 01/02/2026, an affiliate sold 632,874 shares on each date at weighted average prices of $4.43, $4.37, and $4.42 per share, respectively, under a Rule 10b5-1 trading plan adopted by SFS Corp on March 17, 2025.

On 01/02/2026, 6,600,000 UWM Paired Interests were converted into the same number of Class A Common shares, which were acquired by SFS Corp. Following these transactions, 6,314,123 Class A shares are reported as indirectly owned through SFS Corp, and 279,989 Class A shares are reported as directly owned by Mat Ishbia. The filing also reports 180,737 restricted stock units that convert one-for-one into Class A stock and vest on March 1, 2026.

UWM Holdings Corp’s President and CEO Mat Ishbia, together with affiliated 10% holder SFS Corp, reported multiple open‑market sales of Class A common stock in late December 2025 under a Rule 10b5‑1 trading plan. On 12/23/2025, SFS Corp sold 402,483 shares at a weighted average price of $4.70 per share, followed by 449,997 shares at a weighted average of $4.66 on 12/24/2025, 632,874 shares at $4.57 on 12/26/2025, and 632,874 shares at $4.42 on 12/29/2025.

After these transactions, SFS Corp reported indirect beneficial ownership of 1,612,745 shares of Class A common stock, while Mat Ishbia also held 279,989 shares directly. In addition, he beneficially owned 180,737 restricted stock units that convert into an equal number of Class A shares and are scheduled to vest on March 1, 2026 under the company’s 2020 Omnibus Incentive Plan.

UWM Holdings Corporation reported that the New York Stock Exchange will delist and has immediately suspended trading in its Warrants due to “abnormally low selling price” levels under NYSE rule 802.01D. Each Warrant is exercisable for one share of Class A common stock at an exercise price of $11.50 and is scheduled to expire on January 21, 2026, under the ticker “UWMC.WS.” The company stated it does not intend to appeal the NYSE’s determination, and the NYSE will apply to the SEC to formally delist the Warrants after completing required procedures.

Trading of UWM’s Class A common stock on the NYSE under the ticker “UWMC” continues and is described as unaffected by this action, as long as the company continues to meet the NYSE’s other listing requirements. This means only the Warrants are being removed from NYSE trading, while the underlying common stock remains listed.

UWM Holdings Corporation entered into a definitive merger agreement to acquire Two Harbors Investment Corp. through a stock-for-stock transaction. Each share of Two Harbors common stock will be converted into the right to receive 2.3328 shares of newly issued UWMC Class A common stock, plus cash in lieu of fractional shares. Each series of Two Harbors preferred stock will convert one-for-one into newly created UWMC Series A, B, or C preferred stock with corresponding terms.

The deal is subject to customary conditions, including approval by Two Harbors stockholders, antitrust and other regulatory clearances, effectiveness of a UWMC registration statement, NYSE listing of the new UWMC shares, and the absence of certain material adverse effects. Both boards have unanimously approved the transaction, and one director designated by Two Harbors will join the UWMC board at closing. The agreement includes a $25.35 million termination fee payable by Two Harbors to UWMC in specified circumstances and an outside closing date initially 12 months after signing, extendable to 15 months if regulatory clearances are the only remaining condition.

UWM Holdings Corporation has shared an internal email from its CEO Mat Ishbia to employees of Two Harbors Investment Corp. about a proposed transaction between the two companies. The message emphasizes enthusiasm about potentially combining the organizations and welcoming Two Harbors employees into the UWM family, while acknowledging that employees will have questions as plans develop.

The communication is accompanied by detailed legal disclosures describing the proposed transaction, including that it is expected to involve the issuance of UWM common and preferred stock and a planned registration statement on Form S-4 with a proxy statement / prospectus for Two Harbors stockholders. It highlights numerous risks and uncertainties that could affect completion and the future performance of the combined company, and explains that investors should carefully review the registration statement and proxy materials when filed with the SEC.

UWM Holdings Corporation is planning a major stock-for-stock acquisition of Two Harbors Investment Corp. valued at $1.3 billion in equity. Two Harbors common stockholders will receive 2.3328 shares of newly issued UWMC Class A common stock for each Two Harbors share, with cash paid instead of fractional shares. Holders of Two Harbors Series A, B and C preferred stock will receive newly issued UWMC preferred shares with the same terms as their current securities.

The deal is expected to materially increase UWMC’s public float to about 513 million shares, or $2.6 billion based on the UWMC share price on December 16, 2025, a 93% rise from its current float. After closing, existing UWMC stockholders are expected to own roughly 87% of the combined company on a fully diluted basis, while Two Harbors stockholders will own about 13%. UWMC’s board is expected to expand to eleven directors, adding one director designated by Two Harbors. The transaction has been unanimously approved by both companies’ boards and is expected to close in the second quarter of 2026, subject to Two Harbors stockholder approval and customary regulatory and closing conditions.

SFS Holding Corp files a notice of proposed sale under Rule 144 to sell 34394802 shares of Class A Common Stock through J.P. Morgan Securities LLC, with an approximate sale date of 12/23/2025 on the NYSE. The planned block has an aggregate market value of 180916658.52.

The notice states that 268415480 shares of this class are outstanding. SFS originally acquired 1502069787 shares on 01/21/2021 in a share-for-share exchange with the issuer, paying with securities in United Wholesale Mortgage LLC. Over the past three months, SFS Holding Corp has already sold 38166811 shares of Class A Common Stock for gross proceeds of 216610306.