[Form 4] UWM Holdings Corporation Insider Trading Activity

Rhea-AI Filing Summary

Insider filing shows UWM Holdings Corp (UWMC) CFO Rami Hasani received 2,500 shares from vested restricted stock units on September 2, 2025. The settlement converted RSUs to Class A Common Stock on a one-for-one basis, increasing Hasani's direct holdings by 2,500 shares to 9,843 shares. The filing also reports 728 shares were mandatorily withheld to satisfy tax withholding at $5.70 per share, leaving 9,115 shares after the withholding. Multiple remaining RSU awards are disclosed with staggered vesting through 2032, including schedules for 7,971, 23,913, 31,884, 4,671 and 183,151 shares under the 2020 Omnibus Incentive Plan.

Insights

Financial Analyst

TL;DR: A routine executive RSU vesting and tax withholding; limited near-term market impact but indicates continued executive equity compensation.

The transaction reports a small vested settlement of 2,500 RSUs into Class A shares for CFO Rami Hasani, increasing direct ownership to 9,843 shares before withholding. The withholding of 728 shares at $5.70 each reduced net additions. The filing also catalogs substantial outstanding RSU balances with multi-year vesting schedules under the 2020 Omnibus Incentive Plan, signaling ongoing equity incentives as part of executive pay. For investors, this is a standard insider compensation event rather than a material shift in control or a large disposition.

Corporate Governance Expert

TL;DR: Disclosures align with Rule 16 and company equity plan mechanics; nothing indicating governance concerns.

The Form 4 properly discloses conversion of vested RSUs and mandatory share withholding to meet tax obligations, and identifies the filer as EVP and CFO. Vesting schedules and plan references are provided, including specific tranche sizes and dates through 2032. The use of an attorney-in-fact signature is noted. From a governance perspective, the filing is complete and transparent about award terms and withholding, with no unexpected executive sale or deviation from standard award administration.

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

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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^*

HASANI RAMI

(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, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		M		2,500	A	(1)	9,843	D
Class A Common Stock	09/02/2025		F		728(2)	D	$5.7	9,115	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	31,884		31,884	D
Restricted Stock Units	(3)							(5)	(5)	Class A Common Stock	4,671		4,671	D
Restricted Stock Units	(3)							(6)	(6)	Class A Common Stock	183,151		183,151	D
Restricted Stock Units	(3)	09/02/2025		M			2,500	(7)	(7)	Class A Common Stock	2,500	$0	2,500	D

Explanation of Responses:

1. On September 2, 2025, 2,500 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock.

2. 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 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.

5. These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.

6. These RSUs vest on April 1, 2032. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.

7. These RSUs vest in accordance with the following schedule: 2,500 vested on September 1, 2025 and 2,500 vest on September 1, 2026. These RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.

Remarks:

	/s/ Anthony Valentine, as Attorney-in-Fact for Rami Hasani	09/04/2025
	** 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).
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