UWMC insiders amend Form 4 to add 6.8M Class A share conversion

Rhea-AI Filing Summary

UWM Holdings Corp. filed an amended Form 4 for Mat Ishbia and SFS Holding Corp. to report a previously omitted conversion. On 10/15/2025, 6,800,000 UWM Paired Interests were converted into 6,800,000 shares of Class A Common Stock, acquired by SFS Holding Corp.

Following the transaction, 8,377,952 shares of Class A Common Stock were beneficially owned indirectly, and 1,351,882,620 UWM Paired Interests were beneficially owned indirectly. The filing notes the prior submission on 10/16/2025 inadvertently omitted this conversion and that the conversion rights related to UWM Paired Interests do not expire. Mat Ishbia is listed as Director, 10% Owner, and President and CEO.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Mat Ishbia

(Last) (First) (Middle)

C/O UWM HOLDINGS CORPORATION

585 SOUTH BLVD E

(Street)

PONTIAC MI 48341

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UWM Holdings Corp [ UWMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/16/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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	10/15/2025		C		6,800,000(1)	A	(2)	8,377,952	I	See Footnote(3)

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
UWM Paired Interests	(2)	10/15/2025		C			6,800,000	01/21/2021	(4)	Class A Common Stock	6,800,000	$0	1,351,882,620	I	See Footnote(3)

1. Name and Address of Reporting Person^*

Mat Ishbia

(Last) (First) (Middle)

C/O UWM HOLDINGS CORPORATION

585 SOUTH BLVD E

(Street)

PONTIAC MI 48341

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

1. Name and Address of Reporting Person^*

SFS HOLDING CORP

(Last) (First) (Middle)

C/O UWM HOLDINGS CORPORATION

585 SOUTH BLVD E

(Street)

PONTIAC MI 48341

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. On October 16, 2025, the Reporting Persons filed a Form 4 which inadvertently did not report a conversion of UWM Paired Interests into Class A Common Stock.

2. Each UWM Paired Interest consists of one share of non-economic voting Class D Common Stock of UWM Holdings Corporation (the "Issuer") ("Class D Stock") and one Class B common units of UWM Holdings, LLC ("UWM LLC") ("Class B Common Units"), a subsidiary of the Issuer. Each UWM Paired Interest is convertible for one share of Class A Common Stock of the Issuer (i) at any time at the option of the holder or (ii) automatically upon transfer to a third person. These shares of Class A Common Stock were acquired by SFS Holding Corp. ("SFS Corp") upon the conversion of an equal number of UWM Paired Interests.

3. These securities are held directly by SFS Corp, a 10% holder of the Issuer, and indirectly by Mat Ishbia. Mat Ishbia is the Chief Executive Officer and sole director of SFS Corp and serves as the investment advisor to the trust that owns the voting securities of SFS Corp, and therefore exercises all voting and dispositive power of the securities held by SFS Corp. In addition, trusts for the benefit of Mat Ishbia and his immediate family are shareholders of SFS Corp. By virtue of its relationship with Mat Ishbia, a director and the CEO of the Issuer, SFS Corp may be deemed to be a director by deputization.

4. The conversion rights related to the UWM Paired Interests do not expire.

Remarks:

	/s/ Mat Ishbia	11/05/2025
	/s/ Mat Ishbia, CEO, for SFS Holding Corp.	11/05/2025
	** 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).
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FAQ

What did UWMC’s amended Form 4/A report?

It reported the conversion of 6,800,000 UWM Paired Interests into 6,800,000 Class A Common Stock on 10/15/2025.

Who acquired the Class A shares in the UWMC filing?

SFS Holding Corp. acquired the 6,800,000 Class A shares upon conversion.

How many Class A shares were beneficially owned after the transaction?

Beneficial ownership following the transaction was 8,377,952 shares of Class A Common Stock, held indirectly.

How many UWM Paired Interests were beneficially owned after the transaction?

Following the transaction, 1,351,882,620 UWM Paired Interests were beneficially owned indirectly.

Who is the reporting person in the UWMC Form 4/A?

Mat Ishbia, listed as Director, 10% Owner, and President and CEO, and SFS Holding Corp..

What are UWM Paired Interests according to the filing?

Each consists of one share of non-economic voting Class D Stock and one Class B Common Unit, convertible into one Class A share.

Why was this Form 4 amended?

The prior filing on 10/16/2025 inadvertently did not report the 10/15/2025 conversion.