UWM Holdings insider sales: 1.19M shares; RSUs vest in 2026
Rhea-AI Filing Summary
UWM Holdings (UWMC): CEO, President and Director Mat Ishbia reported open-market sales of Class A common stock, executed under a Rule 10b5-1 trading plan adopted by SFS Corp on March 17, 2025.
SFS Corp, a 10% holder deemed to be indirectly controlled by Ishbia, sold 596,356 shares on October 17, 2025 at a weighted average price of $5.37 per share (price range $5.26–$5.41), and 596,356 shares on October 20, 2025 at a weighted average price of $5.56 per share (price range $5.39–$5.64). Following these transactions, 6,588,884 and then 5,992,528 shares were reported as beneficially owned indirectly, as noted.
Ishbia also reports 279,989 shares held directly. In addition, 180,737 restricted stock units are outstanding; these RSUs convert into Class A common stock on a one-for-one basis and vest on March 1, 2026.
Positive
- None.
Negative
- None.
Insights
CEO/10% holder sold 1,192,712 shares via 10b5-1 plan; indirect holdings reduced; RSUs vest on
UWM Holdings Corp (UWMC) reported two open-market sales by its CEO/Director/10% owner, through SFS Corp. On
Following these transactions, indirect beneficial ownership via SFS Corp changed from 6,588,884 to 5,992,528 shares, with 279,989 shares held directly by Mat Ishbia. The filing also reports 180,737 Restricted Stock Units that convert one-for-one into Class A shares, scheduled to vest on
Key items to watch include any subsequent Form 4s tied to the same 10b5-1 plan, changes in indirect holdings by SFS Corp, and the RSU vesting event on
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 596,356 | $5.56 | $3.32M |
| Sale | Class A Common Stock | 596,356 | $5.37 | $3.20M |
| 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 $5.26 to $5.41 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 $5.39 to $5.64 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.
