UWM Holdings Corporation reported that its subsidiary UWM Holdings LLC issued $1.0 billion aggregate principal amount of 6.250% senior unsecured notes due 2031. The notes were issued at 100% of face value and pay interest semi-annually on March 15 and September 15, starting March 15, 2026, with final maturity on March 15, 2031.
UWM Holdings LLC can redeem the notes early at set premiums, including specified call prices beginning March 15, 2028, and an equity offering-related redemption of up to 40% of the notes at a price of 106.250% before that date. The notes are senior unsecured obligations of UWM Holdings LLC and are fully guaranteed on a senior unsecured basis by United Wholesale Mortgage, LLC, ranking equally with their other senior unsecured debt and effectively behind secured borrowings such as warehouse lines and facilities secured by mortgage servicing rights.
The indenture includes customary covenants that limit additional non-funding indebtedness based on leverage and coverage ratios, as well as restrictions on mergers, asset sales, restricted payments, affiliate transactions, sale-leasebacks and liens, along with change-of-control repurchase and event-of-default acceleration provisions.
UWM Holdings Corp (UWMC) filed a Form 144 notifying a proposed sale of 38,166,811 Class A common shares through J.P. Morgan Securities with an aggregate market value of $261,442,657, and lists 228,088,286 shares outstanding for the issuer. The filing says the shares were acquired on 01/21/2021 in a share-for-share exchange from the issuer, with 1,502,069,787 shares acquired in that transaction, and payment described as securities in United Wholesale Mortgage LLC.
The notice discloses a prior sale on 06/17/2025 by SFS Holding Corp of 24,402,216 Class A shares for gross proceeds of $117,395,862. The filer certifies no undisclosed material adverse information and includes the standard Rule 144 representations.
Mat Ishbia and affiliated SFS Holding Corp reported multiple transactions in UWM Holdings Corp (UWMC) Class A common stock. On 09/12/2025 and 09/15/2025 the reporting persons sold a total of 996,412 shares at weighted average prices of approximately $6.88 and $6.84, respectively. On 09/15/2025 SFS Holding Corp converted 6,800,000 UWM Paired Interests into 6,800,000 Class A shares, recorded as an acquisition. After these transactions the filing shows the reporting person(s) beneficially owning 7,301,428 Class A shares (indirect). Additionally, 180,737 Restricted Stock Units were reported disposed and noted to vest on 03/01/2026.
Mat Ishbia, President and CEO of UWM Holdings Corp (UWMC), reported multiple planned sales of Class A common stock under a 10b5-1 plan. The filings show three separate dispositions of 400,036 shares each on 09/09/2025, 09/10/2025, and 09/11/2025 at weighted average prices of $6.40, $6.77, and $6.99, respectively, plus an additional 279,989 shares sold (no price shown for that line). After the transactions Mat Ishbia and related SFS Corp reported beneficial ownership levels falling to 1,497,840 Class A shares. The report also discloses 180,737 RSUs that vest on March 1, 2026 and convert one-for-one into Class A shares. Sales were made pursuant to a 10b5-1 plan adopted March 17, 2025.
UWM Holdings Corporation disclosed that its subsidiary UWM Holdings, LLC agreed to sell $1.0 billion aggregate principal amount of 6.250% senior unsecured notes due 2031. The notes will be guaranteed on a senior unsecured basis by United Wholesale Mortgage, LLC and will rank pari passu with that subsidiary’s existing senior unsecured notes.
The company plans to use the net proceeds primarily to repay its 5.5% Senior Notes due 2025 at their November 15, 2025 maturity, to pay down amounts outstanding under its MSR facilities, and to use any remaining funds for working capital. The closing of the new notes is expected on September 16, 2025, under a purchase agreement with J.P. Morgan Securities LLC as representative of the initial purchasers.
Mat Ishbia and related holder SFS Holding Corp reported multiple planned sales of UWM Holdings Corp (UWMC) Class A common stock under a 10b5-1 plan. The Form 4 shows three scheduled sales of 400,036 shares each on 09/04/2025, 09/05/2025, and 09/08/2025 at weighted average prices of $5.81, $6.25, and $6.44 respectively. Following those sales reported sequentially, beneficial ownership figures declined from 3,498,020 to 3,097,984 and then to 2,697,948. The filing notes an additional 279,989 shares disposed of and discloses 180,737 RSUs that convert one-for-one to Class A shares and vest on March 1, 2026. The sales were made pursuant to a 10b5-1 plan adopted March 17, 2025, and signatures are dated 09/08/2025.
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.
Mat Ishbia and SFS Holding Corp reported multiple transactions in UWM Holdings Corp (UWMC) stock. The filings show sales executed under a 10b5-1 plan and the conversion/acquisition of UWM Paired Interests into Class A common shares. On 08/29/2025 Mat Ishbia sold 400,036 shares at a weighted average price of $5.70, reducing holdings to 498,128 shares held indirectly by SFS Corp. On 09/02/2025 SFS Corp acquired 4,200,000 Class A shares via conversion of UWM Paired Interests and Mat Ishbia sold 400,036 shares at a weighted average $5.59. On 09/03/2025 Mat Ishbia sold another 400,036 shares at a weighted average $5.65. Post-transactions SFS Corp and Mat Ishbia report indirect beneficial ownership and hold convertible interests and RSUs that convert one-for-one to Class A shares.
Mat Ishbia and SFS Holding Corp. reported multiple dispositions of UWM Holdings Corp (UWMC) Class A common stock under a Rule 10b5-1 plan. On 08/26/2025, 400,036 shares were sold at a weighted average price of $5.77, leaving 1,698,236 shares beneficially owned; on 08/27/2025 another 400,036 shares were sold at a weighted average of $5.68, leaving 1,298,200 shares; and on 08/28/2025 an additional 400,036 shares were sold at a weighted average of $5.56, leaving 898,164 shares. The filing also reports a disposition of 279,989 shares and shows 180,737 RSUs that convert one-for-one to Class A shares and vest on 03/01/2026. The securities held by SFS Corp are held directly and indirectly by Mat Ishbia through his roles described in the form.
Mat Ishbia, President and CEO of UWM Holdings Corp (UWMC), and SFS Holding Corp reported insider sales under a 10b5-1 plan. On 08/22/2025 Ishbia/SFS sold 400,036 Class A shares at a weighted average price of $5.78, leaving SFS with 2,498,308 shares beneficially owned. On 08/25/2025 another 400,036 Class A shares were sold at a weighted average price of $5.73, reducing beneficial ownership to 2,098,272. The filing also reports the disposition of 279,989 shares held directly by Mat Ishbia and 180,737 Restricted Stock Units that convert one-for-one to Class A shares and vest on March 1, 2026.