UWM Holdings Corp executive Adam A. Wolfe reported a new equity grant. As EVP, CLO & Chief Administrative Officer, he received 175,439 restricted stock units (RSUs) on January 30, 2026 at a price of $0 per unit under the company’s 2020 Omnibus Incentive Plan.
The filing states these RSUs convert into Class A Common Stock on a one-for-one basis and vest on August 30, 2031. After this grant, Wolfe directly holds 17,211 shares of Class A Common Stock and several RSU awards, including 175,439, 219,539, and 2,773 RSUs, all reported as directly owned.
SFS Holding Corp, a 10% owner of UWM Holdings Corp, reported a series of insider transactions involving Class A Common Stock and UWM Paired Interests. On February 2, 2026, SFS Holding Corp converted 6,600,000 UWM Paired Interests into an equal number of Class A shares at a conversion price of $0 per share. It then sold 632,874 Class A shares at a weighted average price of $5.20 per share, following earlier planned sales of the same 632,874‑share size on January 29 and 30, 2026 at weighted average prices of $5.76 and $5.00, respectively, under a Rule 10b5‑1 trading plan adopted by SFS Corp. After these transactions, SFS Corp held 6,856,643 Class A shares indirectly for Mat Ishbia and 1,311,682,620 UWM Paired Interests, each convertible into one Class A share. Separately, Mat Ishbia held 279,989 Class A shares directly and 180,737 Restricted Stock Units that vest on March 1, 2026 and convert to Class A stock on a one‑for‑one basis.
UWMC Holdings Corporation’s controlling shareholder has updated its ownership disclosure. Mat Ishbia and SFS Holding Corp. filed Amendment No. 12 to their Schedule 13D to reflect recent sales made under a previously adopted Rule 10b5-1 trading plan.
As of this amendment, SFS Holding Corp. holds 1,333,996,611 shares of Class D stock, which are convertible, together with Class B units, into 1,318,553,880 shares of Class A common stock. Those 1,318,553,880 Class A shares represent 82.4% of the 281,344,220 Class A shares outstanding. Due to a voting limitation in the charter, the reporting persons exercise 79% of total voting power, although without that limitation they would hold 99.9% of the company’s voting power. Mat Ishbia is deemed to beneficially own 1,323,660,250 shares, or 82.7% of the Class A class.
Holdings Corporation (UWMC) has filed an S-4 to complete an all‑stock merger with Two Harbors Investment Corp. Two Harbors will merge into a UWMC subsidiary and become an indirect, wholly owned unit of UWMC. Each share of Two Harbors common stock will be converted into 2.3328 shares of UWMC Class A common stock, with cash only for fractional shares. Two Harbors’ three preferred series will each convert into a corresponding new UWMC preferred series on a one‑for‑one basis, keeping the same dividend rates. After the merger, current UWMC common holders are expected to own about 87% of UWMC on a fully diluted basis and former Two Harbors common holders about 13%, while SFS Holdings Corp. will retain roughly 79% of combined voting power through high‑vote Class D shares. The UWMC and Two Harbors boards unanimously approved the deal, and Two Harbors’ board recommends that its common stockholders vote in favor at a special virtual meeting.
Holdings Corp insider SFS Corp, a 10% owner associated with President and CEO Mat Ishbia, reported two planned sales of Class A common stock under a Rule 10b5-1 trading plan adopted on March 17, 2025.
SFS Corp sold 632,874 shares on January 27, 2026 at a weighted average price of $5.81 per share, and another 632,874 shares on January 28, 2026 at a weighted average price of $5.89 per share. After these transactions, SFS Corp indirectly holds 2,155,265 Class A shares for Ishbia, while Ishbia directly owns 279,989 Class A shares.
Ishbia also holds 180,737 restricted stock units that convert into Class A common stock on a one-for-one basis and are scheduled to vest on March 1, 2026 under the 2020 Omnibus Incentive Plan.
SFS Holding Corp, a 10% owner of UWM Holdings Corp (UWMC), reported three open‑market sales of 632,874 Class A shares each on January 22, 23 and 26, 2026 at weighted‑average prices of $5.87, $5.85 and $5.75, respectively, executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on March 17, 2025.
After these sales, SFS Holding Corp reported 3,421,013 Class A shares held indirectly for the benefit of entities associated with CEO and President Mat Ishbia, while Ishbia also reported 279,989 Class A shares held directly and 180,737 restricted stock units that convert into Class A shares on a one‑for‑one basis and are scheduled to vest on March 1, 2026.
UWM Holdings Corp insider activity centers on SFS Holding Corp, a 10% owner associated with CEO Mat Ishbia. On January 16, 2026, SFS Holding Corp converted 6,600,000 UWM Paired Interests into the same number of Class A Common shares. On the same day and on January 20 and 21, 2026, SFS Holding Corp sold three blocks of 632,874 Class A shares each at weighted average prices of $6.04, $5.82, and $5.75 per share under a Rule 10b5-1 trading plan adopted on March 17, 2025.
After these indirect transactions, SFS Holding Corp held 5,319,635 Class A shares for which Ishbia exercises voting and dispositive power. Separately, Ishbia directly owns 279,989 Class A shares and 180,737 Restricted Stock Units that convert one-for-one into Class A stock and vest on March 1, 2026.
UWM Holdings Corp. insider reporting shows that SFS Corp, a 10% holder associated with President and CEO Mat Ishbia, sold Class A common stock in three preset transactions under a Rule 10b5-1 trading plan adopted on March 17, 2025. On January 13, 14 and 15, 2026, SFS Corp sold 632,874 Class A shares on each day at weighted average prices of $5.37, $5.46 and $5.72 per share, respectively, with Ishbia exercising voting and dispositive power over these shares through SFS Corp.
Following these sales, SFS Corp reported 618,257 Class A shares indirectly beneficially owned for Ishbia, while Ishbia also directly holds 279,989 Class A shares. In addition, Ishbia holds 180,737 Restricted Stock Units that convert one-for-one into Class A common stock and are scheduled to vest on March 1, 2026 under the 2020 Omnibus Incentive Plan.
UWM Holdings Corp insider activity shows significant stock sales by entity SFS Corp, a 10% holder associated with President and CEO Mat Ishbia. SFS Corp sold 632,874 shares of Class A common stock on each of January 8, 9, and 12, 2026 at weighted average prices of $4.73, $5.27, and $5.35 per share, respectively, under a pre-arranged Rule 10b5-1 trading plan adopted on March 17, 2025. After these sales, SFS Corp indirectly held 2,516,879 Class A shares for which Ishbia exercises voting and dispositive power, while Ishbia also directly held 279,989 Class A shares. In addition, Ishbia directly held 180,737 restricted stock units that convert one-for-one into Class A common stock and are scheduled to vest on March 1, 2026 under the 2020 Omnibus Incentive Plan.
UWM Holdings Corp has had its warrants removed from listing and registration on the New York Stock Exchange. The filing states that the Exchange filed a Form 25 under Section 12(b) of the Securities Exchange Act of 1934 to strike this class of securities from listing and/or withdraw its registration.
The affected securities are warrants, each exercisable for one share of UWM Holdings Class A common stock at an exercise price of $11.50 per share. The document notes that the Exchange has complied with its rules for striking the class from listing and registration, and that related requirements for withdrawal under the applicable SEC rules have been met.