United Wholesale Mortgage (UWMC) investor files notice to sell 34394802 shares

Rhea-AI Filing Summary

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.

Positive

• None.

Negative

• SFS Holding Corp plans to sell 34394802 shares of Class A Common Stock after already selling 38166811 shares in the past three months, a large volume relative to the 268415480 shares outstanding.

Insights

Equity capital markets analyst

Large shareholder files to sell a sizable additional block of shares.

The notice shows SFS Holding Corp planning to sell 34394802 shares of Class A Common Stock on or about 12/23/2025 through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of 180916658.52. The same class has 268415480 shares outstanding, so this is a substantial block relative to the disclosed share base.

SFS previously acquired 1502069787 shares on 01/21/2021 via a share-for-share exchange with the issuer, paid with securities in United Wholesale Mortgage LLC. In the last three months it has already sold 38166811 shares of this class for gross proceeds of 216610306, indicating an ongoing program of sizable disposals.

For investors, a key point is that this is a notice of proposed sales by an existing holder rather than an issuance of new shares, so cash proceeds go to the seller. The approximate sale date of 12/23/2025 and the use of a major broker provide a time anchor and channel for potential additional supply, though actual market impact will depend on how and when these shares are placed.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock (1)	J.P. Morgan Securities LLC 383 Madison Avenue New York NY 10179	34394802	180916658.52	268415480	12/23/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	01/21/2021	Share for share exchange	Issuer			1502069787	01/21/2021	Securities in United Wholesale Mortgage LLC

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SFS Holding Corp (2) 585 South Boulevard E. Pontiac MI 48341	Class A Common Stock	09/15/2025	38166811	216610306

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many UWMC Class A shares does SFS Holding Corp plan to sell under this notice?

The notice states that SFS Holding Corp intends to sell 34394802 shares of Class A Common Stock through J.P. Morgan Securities LLC.

What is the aggregate market value of the proposed UWMC share sale?

The planned sale of Class A Common Stock has an aggregate market value of 180916658.52, based on the figures disclosed.

How many UWMC Class A shares are outstanding according to this filing?

The table reports that there are 268415480 shares of the Class A Common Stock outstanding.

Which broker will handle the proposed UWMC share sale for SFS Holding Corp?

The notice lists J.P. Morgan Securities LLC, located at 383 Madison Avenue, New York, NY 10179, as the broker for the proposed sale.

When is the approximate date of the proposed UWMC share sale?

The approximate date of sale disclosed for the 34394802 shares of Class A Common Stock is 12/23/2025.

What UWMC shares has SFS Holding Corp sold in the past three months?

Over the past three months, SFS Holding Corp sold 38166811 shares of Class A Common Stock, generating gross proceeds of 216610306.

How and when did SFS Holding Corp acquire its UWMC shares?

The filing shows that SFS Holding Corp acquired 1502069787 shares of Class A Common Stock on 01/21/2021 in a share-for-share exchange with the issuer, using securities in United Wholesale Mortgage LLC as consideration.