UWMC insider Mat Ishbia discloses two 596,356‑share sales
Rhea-AI Filing Summary
UWM Holdings Corp (UWMC): CEO, President, Director and 10% owner Mat Ishbia reported open‑market sales of Class A Common Stock pursuant to a Rule 10b5‑1 trading plan. On 10/28/2025, 596,356 shares were sold at a weighted average price of $5.82. On 10/29/2025, 596,356 shares were sold at a weighted average price of $5.70.
Following these transactions, 1,818,036 shares were beneficially owned indirectly and 279,989 shares were beneficially owned directly, as reported. The filing also lists 180,737 Restricted Stock Units, which convert to Class A Common Stock on a one‑for‑one basis and vest on March 1, 2026.
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Insights
Planned insider sales disclosed; routine Form 4 activity.
Mat Ishbia, a director, CEO, and 10% owner of UWM Holdings Corp, reported two open‑market sales executed under a pre‑established Rule 10b5‑1 plan. The transactions were 596,356 shares on 10/28/2025 at a weighted average of $5.82, and 596,356 shares on 10/29/2025 at a weighted average of $5.70.
The filing reports post‑trade beneficial ownership of 1,818,036 shares indirectly and 279,989 shares directly. It also lists 180,737 RSUs that convert 1‑for‑1 into Class A shares, vesting on March 1, 2026. Cash‑flow and pricing details are limited to the disclosed weighted averages; actual price ranges are provided in footnotes.
This is administrative disclosure of insider activity under a trading plan. Actual market impact depends on broader liquidity and holder actions; no guidance or operational metrics are included here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 596,356 | $5.70 | $3.40M |
| Sale | Class A Common Stock | 596,356 | $5.82 | $3.47M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on March 17, 2025. Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.77 to $5.86 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price. 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. Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.51 to $5.90 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price. These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares. These Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis. These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
