UWM EVP Wolfe vests RSUs, withholds shares for tax

UWM Holdings Corp executive Adam A. Wolfe reported equity award activity involving Restricted Stock Units (RSUs) and Class A common stock.

Rhea-AI Filing Summary

UWM Holdings Corp executive Adam A. Wolfe reported equity award activity involving Restricted Stock Units (RSUs) and Class A common stock. On February 27, 2026, 2,773 of his RSUs vested and were converted on a one-for-one basis into 2,773 shares of Class A common stock at a reference price of $4.41 per share.

Of these shares, 807 were mandatorily withheld by the company to cover minimum tax withholding obligations under the award agreement, which is not treated as an open-market sale. Following these transactions, Wolfe directly owned 19,177 shares of Class A common stock and continued to hold multiple RSU awards that vest on March 1, 2027 and August 30, 2031 under the 2020 Omnibus Incentive Plan.

Insider Trade Summary

2,773 shares exercised/converted

Exercise 6 txns

Insider WOLFE ADAM A

Role EVP, CLO & Chief Admin Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,773	$0.00	$0.00
Exercise	Class A Common Stock	2,773	$4.41	$12K
Exercise Price or Tax Liability	Class A Common Stock	807	$4.41	$4K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Restricted Stock Units — 399,687 contracts (Direct); Class A Common Stock — 19,177 shares (Direct)

Footnotes (5)

1. F1. On February 27, 2026, 2,773 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock.
2. 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.
3. F3. The RSUs convert to Class A Common Stock on a one-for-one basis.
4. F4. These RSUs vest on August 30, 2031. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
5. F5. These RSUs vest on on March 1, 2027. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Adam A. Wolfe report for UWM Holdings (UWMC)?

Adam A. Wolfe reported vesting of 2,773 Restricted Stock Units that converted into the same number of UWM Class A shares. Of these, 807 shares were withheld by the company to satisfy tax obligations, with the remainder increasing his directly held common stock position.

Did the UWM executive’s Form 4 show an open-market sale of UWMC shares?

The filing states there was no sale of shares by the reporting person. Shares identified under transaction code F were mandatorily withheld by the company to cover minimum tax liabilities related to the RSU vesting, under an arrangement exempt under Rule 16b-3.

How many UWM Class A shares does Adam A. Wolfe hold after these transactions?

After the February 27, 2026 transactions, Adam A. Wolfe directly held 19,177 shares of UWM Class A common stock. This reflects RSUs converting into shares and a portion of those shares being withheld by the company to satisfy tax withholding obligations.

What are the terms of the Restricted Stock Units held by the UWM executive?

The RSUs convert into UWM Class A common stock on a one-for-one basis. Certain RSU awards reported in the filing are scheduled to vest on March 1, 2027 and August 30, 2031, and were granted pursuant to UWM’s 2020 Omnibus Incentive Plan.

What do the transaction codes M and F mean in this UWM Form 4?

Code M reflects the exercise or conversion of a derivative security, here RSUs converting into Class A common stock. Code F reflects shares withheld by the issuer to pay the exercise price or tax liabilities, rather than an open-market sale by the insider.

How many RSUs related to UWM Holdings does Adam A. Wolfe continue to hold?

The filing shows several RSU holdings with post-transaction balances, including awards scheduled to vest in 2027 and 2031. These RSUs were granted under the 2020 Omnibus Incentive Plan and will convert to Class A common stock on a one-for-one basis when they vest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/02/2026 - 04:09 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WOLFE ADAM A

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CLO & Chief Admin Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

X	Form filed by One Reporting Person
	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	02/27/2026		M		2,773(1)	A	$4.41	19,984	D
Class A Common Stock	02/27/2026		F		807(2)	D	$4.41	19,177	D

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
Restricted Stock Units	(3)							(4)	(4)	Class A Common Stock	219,539		219,539	D
Restricted Stock Units	(3)							(4)	(4)	Class A Common Stock	175,439		175,439	D
Restricted Stock Units	(3)							(5)	(5)	Class A Common Stock	4,709		4,709	D
Restricted Stock Units	(3)	02/27/2026		M			2,773	(1)	(1)	Class A Common Stock	2,773	$0	0	D

Explanation of Responses:

1. On February 27, 2026, 2,773 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock.

2. 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.

3. The RSUs convert to Class A Common Stock on a one-for-one basis.

4. These RSUs vest on August 30, 2031. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.

5. These RSUs vest on on March 1, 2027. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.

Remarks:

	/s/ Anthony Valentine, as Attorney-in-Fact for Adam Wolfe	03/02/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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