UWM Holdings Corp. (UWMC) filed a Form 4 disclosing three open-market sales of its Class A common stock by Chief Executive Officer, President and 10% owner Mat Ishbia acting through affiliated entity SFS Corp. The transactions occurred under a Rule 10b5-1 trading plan adopted on 17 March 2025.
- On 18 Jun 2025, SFS Corp sold 400,036 shares at a weighted-average price of $3.93 per share.
- On 20 Jun 2025, SFS Corp sold 400,036 shares at a weighted-average price of $4.02 per share.
- On 23 Jun 2025, SFS Corp sold 400,036 shares at a weighted-average price of $4.10 per share.
Following these transactions, SFS Corp’s indirect beneficial ownership declined from 4,099,964 to 2,899,856 shares. Mat Ishbia continues to own 279,989 shares directly. The filing also reports 180,737 Restricted Stock Units held directly by Mr. Ishbia, which will vest on 1 Mar 2026 and convert to Class A shares on a 1-for-1 basis under the company’s 2020 Omnibus Incentive Plan.
The Form 4 was jointly filed by Mr. Ishbia and SFS Corp because SFS Corp is a 10% holder and may be deemed a director by deputization. No derivative transactions were executed in this period; the RSU position remained unchanged.