UWM Holdings CEO affiliate gets 30M stock warrants
UWM Holdings Corp disclosed that SFS Group Capital, LLC, an entity managed by CEO Mat Ishbia, acquired 15,000,000 Class A Warrants at a $6.00 exercise price and 15,000,000 Class B Warrants at $2.00, each for Class A common stock and expiring August 5, 2036.
Rhea-AI Filing Summary
UWM Holdings Corp disclosed that SFS Group Capital, LLC, an entity managed by CEO Mat Ishbia, acquired 15,000,000 Class A Warrants at a $6.00 exercise price and 15,000,000 Class B Warrants at $2.00, each for Class A common stock and expiring August 5, 2036.
The warrants were issued with SFS Capital’s purchase of 150,000 Series A-1 Preferred shares at $1,000 per share under an August 5, 2026 Securities Purchase Agreement and are not exercisable until stockholders approve their exercise under New York Stock Exchange rules. Ishbia also directly holds 408,131 Class A shares.
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Insider Trade Summary
Grant/Award: 30,000,000 shares
Grant/Award
3 txns
Insider
Mat Ishbia, SFS HOLDING CORP
Role
President and CEO | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Warrants (right to buy) F3, F2, F4 | 15,000,000 | $0.00 | $0.00 |
| Grant/Award | Class B Warrants (right to buy) F3, F2, F4 | 15,000,000 | $0.00 | $0.00 |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Class A Warrants (right to buy) — 15,000,000 contracts (Indirect, See Footnote);
Class B Warrants (right to buy) — 15,000,000 contracts (Indirect, See Footnote);
Class A Common Stock — 408,131 shares (Direct)
Footnotes (4)
- F1. These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.
- F2. The Class A Warrants and the Class B Warrants are not exercisable until the Issuer obtains stockholder approval of the exercise of such Warrants pursuant to the rules of the New York Stock Exchange
- F3. Pursuant to a Securities Purchase Agreement dated as of August 5, 2026, by and among the Issuer, certain funds or investment vehicles advised, managed by, or otherwise affiliated with Oaktree Capital Management, L.P.,, Mat Ishbia, SFS Holding Corp. and SFS Group Capital, LLC ("SFS Capital"), SFS Capital purchased 150,000 shares of Series A-1 Preferred Stock of the Issuer with an issue price of $1,000 per share, together with Class A Warrants and Class B Warrants, each to purchase 15,000,000 shares of the Company's Class A Common Stock, for an aggregate purchase price of $1,500,000.
- F4. These securities are held directly by SFS Capital, and indirectly by Mat Ishbia. Mat Ishbia is the manager and beneficially owns 75% of the equity interests in SFS Capital. By virtue of its relationship with Mat Ishbia, a director and the CEO of the Issuer, SFS Capital may be deemed to be a director by deputization.
Key Figures
Class A Warrants acquired: 15,000,000 warrants
Class B Warrants acquired: 15,000,000 warrants
Series A-1 Preferred Stock purchased: 150,000 shares
+3 more
6 metrics
Class A Warrants acquired
15,000,000 warrants
Right to buy Class A Common Stock at $6.0000 per share; expires August 5, 2036
Class B Warrants acquired
15,000,000 warrants
Right to buy Class A Common Stock at $2.0000 per share; expires August 5, 2036
Series A-1 Preferred Stock purchased
150,000 shares
Purchased by SFS Group Capital, LLC under Securities Purchase Agreement dated August 5, 2026
Issue price per Series A-1 Preferred share
$1,000
Issue price stated for Series A-1 Preferred Stock in the August 5, 2026 agreement
Aggregate purchase price
$1,500,000
Aggregate purchase price for Series A-1 Preferred Stock and accompanying warrants as disclosed
Direct Class A Common holdings
408,131 shares
Class A Common Stock directly held by Mat Ishbia following the reported transactions
Key Terms
Class A Warrants, Series A-1 Preferred Stock, Securities Purchase Agreement, beneficially owns
4 terms
Class A Warrants financial
"The Class A Warrants and the Class B Warrants are not exercisable until..."
Series A-1 Preferred Stock financial
"SFS Capital purchased 150,000 shares of Series A-1 Preferred Stock of the Issuer..."
Series A-1 preferred stock is a specific class of company shares created in an early financing round that typically gives its holders priority over common shareholders for dividends and money if the company is sold or liquidates. Think of it as a special ticket with upfront privileges — often convertible into ordinary shares and sometimes carrying voting or protective rights — so investors use it to reduce risk and preserve control compared with ordinary stock.
Securities Purchase Agreement financial
"Pursuant to a Securities Purchase Agreement dated as of August 5, 2026..."
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
beneficially owns financial
"Mat Ishbia is the manager and beneficially owns 75% of the equity interests in SFS Capital."
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What warrants did Mat Ishbia’s affiliate acquire in UWMC on August 5, 2026?
Mat Ishbia’s affiliated entity SFS Group Capital, LLC acquired 15,000,000 Class A Warrants with a $6.00 exercise price and 15,000,000 Class B Warrants with a $2.00 exercise price, each to purchase UWM Holdings (UWMC) Class A common shares, expiring on August 5, 2036.
How are the new UWMC warrants conditioned on stockholder approval?
The Class A and Class B Warrants for UWM Holdings (UWMC) are not exercisable until stockholders approve their exercise under New York Stock Exchange rules. The company must first obtain this stockholder approval before SFS Capital can use the warrants to buy Class A common stock.
What preferred stock did SFS Capital purchase from UWMC under the August 5, 2026 agreement?
Under an August 5, 2026 Securities Purchase Agreement, SFS Group Capital, LLC bought 150,000 shares of UWMC’s Series A-1 Preferred Stock at an issue price of $1,000 per share, together with the Class A and Class B Warrants, for an aggregate purchase price of $1,500,000.
Were the reported UWMC transactions made under a Rule 10b5-1 trading plan?
The Form 4 for UWM Holdings (UWMC) indicates the Rule 10b5-1 affirmation box is not checked. This means the acquisitions of Series A-1 Preferred Stock and the accompanying warrants are not identified as trades made pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
