UWM Holdings Corp insider activity shows an entity associated with President and CEO Mat Ishbia selling Class A Common Stock in open-market transactions. Through SFS Holding Corp, a 10% holder, there were net sales of 2,001,148 shares over two days.
On March 24, 2026, SFS Holding Corp sold 1,000,574 shares at a weighted average price of $3.63 per share, followed by another 1,000,574-share sale on March 25, 2026 at a weighted average price of $3.55. These trades were made under a pre-arranged Rule 10b5-1 plan adopted by SFS Corp, with Ishbia exercising voting and dispositive power over SFS-held shares. After these transactions, SFS Corp held 5,331,579 shares indirectly attributed to Ishbia, and Ishbia also held 408,131 shares directly.
UWM Holdings Corp director and CEO Mat Ishbia, through SFS Corp, reported open-market sales of 3,001,722 shares of Class A Common Stock. The trades occurred on March 19–23, 2026 in three blocks of 1,000,574 shares each, at reported weighted average prices of $3.67, $3.60 and $3.72 per share. A footnote states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by SFS Corp on September 16, 2025, indicating they were pre-planned. After these sales, SFS Corp’s indirect holdings for Ishbia total 7,332,727 shares, while Ishbia also holds 408,131 shares directly, showing he retains a substantial position in UWM Holdings.
UWM Holdings Corp insider filings show that entity SFS Corp, which is a 10% holder controlled by President and CEO Mat Ishbia, executed open‑market sales of 2,001,148 shares of Class A common stock. The sales occurred on March 17 and 18, 2026 at prices of $3.67 and $3.73 per share, respectively, under a pre‑arranged Rule 10b5‑1 trading plan adopted by SFS Corp on September 16, 2025.
After these transactions, 10,334,449 shares of Class A common stock are reported as indirectly owned through SFS Corp, while 408,131 shares are held directly by Mat Ishbia. The filing underscores that SFS Corp has no interest in Ishbia’s directly held shares and that Ishbia exercises voting and dispositive power over the shares held by SFS Corp.
United Wholesale Mortgage affiliate filed a Form 144 reporting a proposed sale of Class A Common Stock. The filing lists SFS Holding Corp and a transaction dated 12/23/2025 showing 34,394,802 shares sold during the past three months. The broker of record is J.P. Morgan Securities LLC.
UWM Holdings Corp insider activity centers on SFS Corp, a 10% holder associated with CEO Mat Ishbia. SFS Corp converted 11,000,000 UWM Paired Interests into 11,000,000 shares of Class A Common Stock and then sold 2,266,322 Class A shares in open-market trades at prices around $3.69–$3.78 per share, pursuant to a Rule 10b5-1 trading plan. Following these transactions, indirect holdings reported for SFS Corp show 12,335,597 Class A shares, while Mat Ishbia also holds 408,131 Class A shares directly.
UWM Holdings Corporation has hired Okapi Partners LLC to advise on and help solicit proxies for the proposed merger with Two Harbors Investment Corp. under the existing Agreement and Plan of Merger. Two Harbors’ special stockholder meeting was adjourned to March 24, 2026 to allow more time for voting in favor of the transaction.
UWMC will pay Okapi $25,000, plus additional fees and costs if the merger is completed, and has agreed to indemnify Okapi for losses related to its services. The companies have an effective registration statement, proxy statement, and prospectus on file, and UWMC encourages Two Harbors stockholders who have not yet voted to submit proxies before the reconvened meeting.
UWM Holdings Corp President and CEO Mat Ishbia reported that SFS Corp, a 10% owner he controls, completed open-market sales totaling 1,265,748 shares of Class A common stock.
The sales occurred on March 10 and 11, 2026, with 632,874 shares sold each day at weighted average prices of $4.13 and $3.91 per share, under a pre-arranged Rule 10b5-1 trading plan adopted by SFS Corp. Following these transactions, Ishbia continues to hold 3,601,919 shares indirectly through SFS Corp and 408,131 shares directly.
UWM Holdings Corporation presented a March 11, 2026 communication describing its proposed combination with Two Harbors Investment Corp. and the expected financial and strategic benefits of the transaction. The presentation cites a ~$7.6bn pro forma market cap and a ~9.9% current dividend yield.
UWM highlights complementarity between its wholesale origination platform and TWO’s servicing portfolio, expected cost synergies of ~$150mm, and use of TWO’s net operating loss carryforwards. UWM reported $49.6bn total loan origination volume in 4Q2025 and provided standalone revenue guidance of $800M–$900M for 1Q2026 and $3.5B–$4.5B for fiscal 2026. The presentation frames the deal as value-creating for TWO shareholders under the stated assumptions and timelines in the slides.
UWM Holdings Corporation furnished an investor presentation outlining its pending acquisition of Two Harbors and updating its 2026 outlook. The company highlights an estimated ~$7.6 billion pro forma market value and a ~$2.2 billion public float after combining with Two Harbors.
UWM reiterates its quarterly dividend of about $160 million, or $0.10 per share, which equates to a 9.9% dividend yield, and notes that the deal should significantly increase equity and cash flow through Two Harbors’ servicing portfolio. Management also cites expected cost synergies of roughly $150 million and potential benefits from Two Harbors’ net operating loss carryforwards.
The presentation emphasizes UWM’s #1 mortgage origination platform alongside Two Harbors’ servicing operations and reports fourth-quarter 2025 loan originations of $49.6 billion, the highest since 2021. UWM expects standalone total revenue between $800 million and $900 million for the first quarter of 2026 and between $3.5 billion and $4.5 billion for full-year 2026.
UWM Holdings Corporation updated its financial outlook and operational plans in connection with its proposed acquisition of Two Harbors Investment Corp. For the first quarter of 2026, the company now expects total revenue between $800 million and $900 million, and for fiscal year 2026 it expects total revenue between $3.5 billion and $4.5 billion.
UWM reported total loan origination volume of $49.6 billion for the fourth quarter of 2025, its highest quarterly volume since 2021. Management highlighted implemented AI investments, including its voice-enabled assistant Mia, which is expected to handle over 12 million calls in 2026 and help support handling two to three times current loan volume through efficiency gains. UWM also cites progress toward an annualized nine-figure revenue run rate from new products such as TRAC+ and PA+, and reiterates its support for the strategic merits of the proposed Two Harbors transaction.