UWM CFO Hasani vests 7,971 RSUs, withholds for tax
For UWM Holdings Corp (UWMC), EVP and CFO Rami Hasani reported the vesting and settlement of 7,971 Restricted Stock Units (RSUs) into an equal number of Class A Common Stock on August 28, 2026.
Rhea-AI Filing Summary
For UWM Holdings Corp (UWMC), EVP and CFO Rami Hasani reported the vesting and settlement of 7,971 Restricted Stock Units (RSUs) into an equal number of Class A Common Stock on August 28, 2026. At the same time, 2,320 Class A shares were mandatorily withheld by the company at $1.49 per share to satisfy minimum tax-withholding obligations under an arrangement exempt under Rule 16b-3. Remaining RSU awards reported include blocks representing 183,151, 175,439, 12,458 and 2,500 underlying Class A shares, each vesting on future dates pursuant to the 2020 Omnibus Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,971 shares exercised/converted
Exercise
7 txns
Insider
HASANI RAMI
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F7 | 7,971 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 7,971 | $1.49 | $12K |
| Tax Withholding | Class A Common Stock F2 | 2,320 | $1.49 | $3K |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Restricted Stock Units F3, F5 | -- | -- | -- |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Restricted Stock Units F3, F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 397,461 contracts for 373,548 underlying shares (Direct);
Class A Common Stock — 18,077 shares (Direct)
Footnotes (7)
- F1. On August 28, 2026, 7,971 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock.
- F2. This transaction is not a sale of shares by the Reporting Person. Instead this reflects shares mandatorily withheld by the Company in accordance with the award agreement to meet the Company's minimum withholding obligations pursuant to a transaction exempt under Rule 16b-3.
- F3. The RSUs convert to Class A Common Stock on a one-for-one basis.
- F4. These RSUs vest on April 1, 2032. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
- F5. These RSUs vest on September 1, 2026. These RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
- F6. These RSUs vest on March 1, 2027. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
- F7. These RSUs vest in accordance with the following schedule: 7,971 vest on August 30, 2026 and 23,913 vest on August 30, 2028. These RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
Key Figures
RSUs vested and settled: 7,971 units
Shares withheld for tax withholding: 2,320 shares
Reference share value for transactions: $1.49 per share
+4 more
7 metrics
RSUs vested and settled
7,971 units
RSUs vested on August 28, 2026 and were settled into an equal number of Class A Common Stock
Shares withheld for tax withholding
2,320 shares
Class A Common Stock mandatorily withheld by the company to satisfy minimum tax-withholding obligations
Reference share value for transactions
$1.49 per share
Price per share used for the Class A Common Stock transactions on August 28, 2026
RSUs underlying future vesting block 1
183,151 shares
Underlying Class A shares for an RSU award vesting on April 1, 2032
RSUs underlying future vesting block 2
2,500 shares
Underlying Class A shares for an RSU award vesting on September 1, 2026
RSUs underlying future vesting block 3
175,439 shares
Underlying Class A shares for an RSU award vesting on April 1, 2032
RSUs underlying future vesting block 4
12,458 shares
Underlying Class A shares for an RSU award vesting on March 1, 2027
Key Terms
Restricted Stock Units, Rule 16b-3, 2020 Omnibus Incentive Plan, tax-withholding obligations
4 terms
Restricted Stock Units financial
"7,971 of the Reporting Person's Restricted Stock Units ("RSUs") vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"pursuant to a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
2020 Omnibus Incentive Plan financial
"The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan"
tax-withholding obligations financial
"to meet the Company's minimum withholding obligations"
FAQ
What did UWMC executive Rami Hasani report in this Form 4 filing?
Rami Hasani reported that 7,971 RSUs vested and were settled into an equal number of UWMC Class A Common Stock on August 28, 2026, with a portion of the resulting shares withheld to cover tax-withholding obligations.
What conversion ratio applied to the RSUs in UWMC’s Form 4?
According to the footnotes, the Restricted Stock Units convert to Class A Common Stock on a one-for-one basis. In this event, 7,971 RSUs vested and were settled for 7,971 UWMC Class A shares.
What future RSU vesting schedules are disclosed for UWMC’s CFO?
The filing discloses several RSU awards that vest on future dates, including blocks tied to vesting on April 1, 2032, September 1, 2026, March 1, 2027, and a schedule where 7,971 RSUs vest on August 30, 2026 and 23,913 on August 30, 2028.
Was the UWMC Form 4 transaction a sale by the reporting person?
No. A footnote states that the transaction coded “F” is not a sale of shares by the reporting person but reflects shares mandatorily withheld by the company to meet minimum tax-withholding obligations, under a transaction exempt pursuant to Rule 16b-3.
Under what plan were the UWMC RSUs granted to the CFO?
The RSUs reported in this Form 4 were granted pursuant to the 2020 Omnibus Incentive Plan, as stated in multiple footnotes describing the vesting schedules for the different RSU awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
