UWM Holdings (NYSE: UWMC) EVP Elezaj reports 1.61M RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UWM Holdings Corp executive Alex Elezaj reported compensation-related equity activity involving Restricted Stock Units (RSUs) and Class A Common Stock. On May 19, 2026, 1,608,794 of his RSUs vested and were settled into an equal number of Class A shares. The company then mandatorily withheld 661,736 of those shares at $2.92 per share to cover minimum tax withholding obligations, which is explicitly stated not to be a sale by Elezaj. Following these transactions, he directly holds 1,261,035 Class A shares. He also retains multiple RSU awards that convert one-for-one into Class A shares and are scheduled to vest on March 1, 2027 and August 30, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,608,794 shares exercised/converted
Mixed
6 txns
Insider
Elezaj Alex
Role
EVP, Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,608,794 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,608,794 | $2.92 | $4.70M |
| Tax Withholding | Class A Common Stock | 661,736 | $2.92 | $1.93M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 1,922,771 shares (Direct, null)
Footnotes (1)
- On May 19, 2026, 1,608,794 of the Reporting Person's Restricted Stock Units ("RSUs") vested and were settled for an equal number of Class A Common Stock. This transaction is not a sale of shares by the Reporting Person. Instead this reflects 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. The RSUs convert to Class A Common Stock on a one-for-one basis. These RSUs vest on August 30, 2031. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan. These RSUs vest on March 1, 2027. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
Key Figures
RSUs vested: 1,608,794 units
Shares withheld for taxes: 661,736 shares
Withholding price: $2.92 per share
+4 more
7 metrics
RSUs vested
1,608,794 units
RSUs vested and settled into Class A shares on May 19, 2026
Shares withheld for taxes
661,736 shares
Shares mandatorily withheld to satisfy minimum tax obligations
Withholding price
$2.92 per share
Reported price for 661,736-share tax-withholding disposition
Shares held after transactions
1,261,035 shares
Direct Class A Common Stock holdings following reported Form 4 events
Unvested RSUs grant 1
27,194 underlying shares
Restricted Stock Units convertible one-for-one into Class A shares
Unvested RSUs grant 2
175,439 underlying shares
RSUs under 2020 Omnibus Incentive Plan vesting March 1, 2027
Unvested RSUs grant 3
658,617 underlying shares
RSUs under 2020 Omnibus Incentive Plan vesting August 30, 2031
Key Terms
Restricted Stock Units, Class A Common Stock, Rule 16b-3, withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"On May 19, 2026, 1,608,794 of the Reporting Person's Restricted Stock Units ("RSUs") vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"vested and were settled for an equal number of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Rule 16b-3 regulatory
"to meet the Company's minimum withholding obligations pursuant to a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
withholding obligations financial
"shares mandatorily withheld by the Company in accordance with the award agreement to meet the Company's minimum withholding obligations"
2020 Omnibus Incentive Plan financial
"The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan"
FAQ
What insider equity transactions did UWMC executive Alex Elezaj report?
Alex Elezaj reported RSU vesting and related share withholding. On May 19, 2026, 1,608,794 RSUs vested into the same number of Class A shares, with 661,736 shares withheld by UWM Holdings to satisfy minimum tax obligations under the award agreement.
What RSU vesting occurred for UWMC’s Alex Elezaj on May 19, 2026?
On May 19, 2026, 1,608,794 of Alex Elezaj’s Restricted Stock Units vested and were settled into an equal number of UWM Holdings Class A shares. The RSUs convert into stock on a one-for-one basis, as specified in the Form 4 footnotes.
Does Alex Elezaj still hold unvested RSUs in UWM Holdings (UWMC)?
Yes. Elezaj continues to hold several RSU awards that each convert one-for-one into Class A shares. Footnotes state portions of these RSUs are scheduled to vest on March 1, 2027 and August 30, 2031 under the company’s 2020 Omnibus Incentive Plan.