Form 4: UWMC CEO sold 596,356 shares on 10/23–10/27 at $5.75–$5.87
Rhea-AI Filing Summary
UWM Holdings Corp (UWMC) reported insider transactions by Mat Ishbia and SFS Corp. Three open‑market sales of 596,356 Class A shares each occurred on 10/23/2025, 10/24/2025, and 10/27/2025 at weighted average prices of $5.75, $5.87, and $5.83, respectively, pursuant to a Rule 10b5‑1 plan adopted March 17, 2025.
Following the sales, indirect holdings reported were 4,203,460, then 3,607,104, then 3,010,748 shares. The reporting person also holds 279,989 shares directly and 180,737 RSUs that convert one‑for‑one to Class A and vest on March 1, 2026.
Positive
- None.
Negative
- None.
Insights
CEO/10% holder sold shares via Rule 10b5-1 plan; ownership reduced; future RSU vesting disclosed.
UWM Holdings Corp (UWMC) reported insider sales by Mat Ishbia (CEO, Director, and 10% owner via SFS Corp) executed under a Rule 10b5-1 plan adopted on
The sales were made pursuant to a pre-set plan, which can mitigate signaling concerns, but they still represent a reduction in insider exposure. The filing also discloses 180,737 Restricted Stock Units that convert one-for-one into Class A shares and vest on
Key items to watch include any additional Form 4 activity under the plan, changes to indirect holdings at SFS Corp, and the RSU vesting on
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 596,356 | $5.83 | $3.48M |
| Sale | Class A Common Stock | 596,356 | $5.87 | $3.50M |
| Sale | Class A Common Stock | 596,356 | $5.75 | $3.43M |
| 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 $5.69 to $5.84 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 $5.81 to $5.94 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. Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.78 to $5.89 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.
