Every Form 4 that Uwm Holdings Corporation (UWMCW) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow UWMCW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UWMCW filings page.
UWM Holdings Corp EVP and COO Melinda Wilner reported a large RSU vesting and tax-withholding event. On May 19, 2026, 1,608,794 Restricted Stock Units vested and were settled into an equal number of Class A Common Stock shares on a one-for-one basis.
The company mandatorily withheld 662,059 of these shares to meet minimum tax withholding obligations, a disposition exempt under Rule 16b-3 and not an open-market sale. Following these transactions, Wilner holds 1,017,935 Class A shares directly, while her spouse holds 1,000 shares in a separate account. She also retains several unvested RSU awards tied to future vesting dates.
UWM Holdings Corp insider activity shows an entity associated with President and CEO Mat Ishbia completing a pre-planned sale and related conversion of shares. SFS Holding Corp, a 10% holder linked to Ishbia, sold a total of 2,006,666 shares of Class A Common Stock in open-market transactions on May 7–8, 2026 at a weighted average price of $3.39 per share, with prices ranging from $3.28 to $3.52 and from $3.33 to $3.45 according to footnotes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by SFS Holding Corp on September 16, 2025. In connection with these transactions, 14,245 UWM Paired Interests were converted into an equal number of Class A shares. After these moves, Ishbia holds 408,131 Class A shares directly, while SFS Holding Corp holds 1,261,862,603 shares indirectly over which Ishbia exercises voting and dispositive power.
UWM Holdings Corp insider reporting shows entities associated with President and CEO Mat Ishbia selling Class A Common Stock in open-market transactions. On May 5, 2026 and May 6, 2026, SFS Corp, a 10% holder, sold a total of 2,006,666 shares at weighted average prices of $3.45 and $3.66 per share under a Rule 10b5-1 trading plan. After these sales, indirect holdings through SFS Corp were 1,992,421 shares, while Mat Ishbia also held 408,131 shares directly.
UWM Holdings Corp reported insider activity involving entities tied to President and CEO Mat Ishbia. SFS Holding Corp, a 10% holder associated with Ishbia, executed open-market sales totaling 2,938,418 shares of Class A Common Stock between April 30 and May 4 at prices in the mid-$3 range under a Rule 10b5-1 trading plan.
On May 1, SFS Holding Corp also converted 3,605,772 UWM Paired Interests into an equal number of Class A shares. After these transactions, SFS Holding Corp held 3,999,087 Class A shares indirectly for Ishbia, while he directly held 408,131 Class A shares.
UWM Holdings Corp insider activity shows significant stock sales linked to CEO Mat Ishbia through SFS Corp. SFS Corp, a 10% holder associated with Ishbia, sold 986,644 shares of Class A Common Stock at a weighted average price of $3.66 on April 28, 2026 and 1,000,574 shares at $3.50 on April 29, 2026, both as open‑market transactions under a pre‑arranged Rule 10b5‑1 trading plan. After these indirect sales, SFS Corp’s reported indirect holdings were 4,332,307 shares following the April 28 trade and 3,331,733 shares following the April 29 trade. Separately, Mat Ishbia holds 408,131 shares directly, which SFS Corp does not own.
UWM Holdings Corp insider Mat Ishbia, through affiliated entity SFS Corp, reported open-market sales of a total of 3,001,722 shares of Class A Common Stock over three days, at weighted average prices around $3.65–$3.78 per share, under a pre-arranged Rule 10b5-1 trading plan.
Following these sales, SFS Corp continued to hold 5,318,951 shares indirectly attributable to Ishbia, while Ishbia also held 408,131 shares directly.
UWM Holdings Corp insider activity shows affiliated entity SFS Corp executing planned stock sales under a Rule 10b5-1 trading plan. On April 21, 2026, SFS Corp sold 1,000,574 Class A shares at a weighted average price of $3.82 per share, leaving 9,321,247 shares held indirectly. On April 22, 2026, it sold another 1,000,574 shares at a weighted average price of $3.70, leaving 8,320,673 shares held indirectly. Separately, Mat Ishbia directly holds 408,131 Class A shares. The filing notes that Ishbia, as CEO and sole director of SFS Corp and advisor to the trust owning its voting securities, exercises all voting and dispositive power over the SFS Corp holdings.
UWM Holdings Corp director and CEO Mat Ishbia reported indirect open-market sales of Class A Common Stock through SFS Corp, a 10% holder of the company. SFS Corp sold 1,000,574 shares on each of April 16, 17, and 20 at weighted average prices of about $3.76, $3.93, and $3.94 per share, totaling 3,001,722 shares.
These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by SFS Corp. After the April 20 sale, SFS Corp held 10,321,821 shares indirectly attributable to Ishbia, while Ishbia also held 408,131 shares directly.
UWM Holdings Corp director and CEO Mat Ishbia, through SFS Holding Corp, converted and sold shares of Class A Common Stock. SFS Corp converted 11,000,000 UWM Paired Interests into 11,000,000 shares of Class A Common Stock, with each paired interest exchanging into one Class A share.
On April 14 and 15, 2026, SFS Corp then sold a total of 2,001,148 Class A shares in open-market transactions at weighted-average prices of $3.71 and $3.78 per share, pursuant to a Rule 10b5-1 trading plan. After these transactions, SFS Corp held 13,323,543 Class A shares and 1,265,482,620 UWM Paired Interests indirectly controlled by Ishbia, while Ishbia also held 408,131 Class A shares directly.
UWM Holdings Corp insider entity SFS Corp, a 10% holder associated with President and CEO Mat Ishbia, executed open-market sales of a total of 3,001,722 shares of Class A Common Stock over three days. The trades were made under a Rule 10b5-1 trading plan adopted by SFS Corp on September 16, 2025.
The sales were split into three equal blocks of 1,000,574 shares on April 9, 10, and 13, 2026 at reported weighted average prices of $3.91, $3.71, and $3.66 per share, respectively. Following these transactions, SFS Corp reported indirect ownership of 4,324,691 shares, while Mat Ishbia also held 408,131 shares directly.
UWM Holdings Corp insider Mat Ishbia, through SFS Corp, reported open‑market sales of Class A Common Stock. On April 7, 2026, an entity associated with him sold 1,000,574 shares at a weighted average price of about $3.61 per share. On April 8, 2026, the same entity sold another 1,000,574 shares at a weighted average price of about $3.87 per share. These transactions were carried out by SFS Corp under a Rule 10b5‑1 trading plan. After these sales, SFS Corp held 7,326,413 shares indirectly controlled by Ishbia, and he also held 408,131 shares directly.
UWM Holdings Corp insider activity shows open-market sales of Class A common stock by entity SFS Corp, which is a 10% holder associated with President and CEO Mat Ishbia. SFS Corp sold 1,000,574 shares at $3.69 per share on April 2, 2026 and 1,000,574 shares at $3.73 per share on April 6, 2026, for total reported sales of 2,001,148 shares. These transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted by SFS Corp. After the latest sale, SFS Corp’s indirect holdings reported for Ishbia were 9,327,561 shares, and Ishbia also held 408,131 shares directly.
UWM Holdings Corp insider activity centers on SFS Corp, a 10% owner associated with CEO Mat Ishbia. SFS Corp converted 11,000,000 UWM Paired Interests into 11,000,000 shares of Class A Common Stock at a conversion price of $0.00 per share. On the same dates, SFS Corp sold a total of 2,000,148 Class A shares in open-market transactions at weighted average prices of $3.55 and $3.63 per share under a Rule 10b5-1 trading plan. After these transactions, SFS Corp held 11,328,709 Class A shares indirectly for Ishbia, while Ishbia also held 408,131 Class A shares directly.
UWM Holdings Corp reported that SFS Corp, a 10% holder controlled by President and CEO Mat Ishbia, executed three open-market sales of Class A common stock under a Rule 10b5-1 trading plan. On March 26, 27 and 30, 2026, SFS Corp sold 1,000,574 shares on each date at weighted average prices of about $3.46–$3.52 per share, totaling 3,001,722 shares sold. Following these transactions, SFS Corp held 2,329,857 shares indirectly attributed to Ishbia, while he 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 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 Corp insider entity SFS Corp, which is controlled by President and CEO Mat Ishbia, reported open‑market sales of Class A Common Stock. SFS Corp sold 632,874 shares on March 6, 2026 at a weighted average price of $3.94 per share and 632,874 shares on March 9, 2026 at a weighted average price of $3.78 per share.
The sales, totaling 1,265,748 shares, were made pursuant to a Rule 10b5‑1 trading plan adopted by SFS Corp on September 16, 2025. After these trades, SFS Corp held 4,867,667 shares indirectly for Ishbia, while he also held 408,131 shares directly.
UWM Holdings Corp insider activity shows an entity associated with President and CEO Mat Ishbia, SFS Corp, selling a total of 1,898,622 shares of Class A Common Stock in open-market transactions over three days in early March 2026 under a Rule 10b5-1 trading plan adopted on September 16, 2025.
These sales were executed at weighted-average prices around $4 per share and are reported as indirect ownership, with 6,133,415 indirectly held shares remaining after the latest sale, while Mat Ishbia also directly holds 408,131 shares as of March 3, 2026.
UWM Holdings Corp reported multiple insider transactions involving President and CEO Mat Ishbia and affiliated entity SFS Holding Corp. On March 2, 2026, SFS Holding Corp converted 6,600,000 UWM Paired Interests into an equal number of Class A Common shares at a conversion price of $0.00 per share, and then sold three separate blocks of 632,874 Class A shares each in open-market transactions under a pre-established Rule 10b5-1 trading plan, at weighted-average prices within ranges from $4.15 to $4.57 per share. Following these sales, SFS Holding Corp remained an indirect holder of UWM Class A stock. Separately, on February 27, 2026, 180,737 Restricted Stock Units held directly by Mat Ishbia vested and were settled into the same number of Class A shares, with 52,595 shares mandatorily withheld by the company to cover tax obligations, a transaction the filing specifies is not a discretionary sale.
UWM Holdings Corp director and EVP, Chief Strategy Officer Alex Elezaj reported equity award activity. On February 27, 2026, 16,013 of his Restricted Stock Units vested and were settled into an equal number of Class A Common Stock at $4.41 per share, consistent with a one-for-one RSU-to-share conversion.
Of these, 4,633 shares were mandatorily withheld by the company to satisfy minimum tax withholding obligations, and this is explicitly described as not being a sale of shares. Following these transactions, Elezaj directly holds 313,977 shares of Class A Common Stock, along with multiple RSU grants under the 2020 Omnibus Incentive Plan, including tranches scheduled to vest on May 19, 2026, March 1, 2027, and August 30, 2031.
UWM Holdings Corp executive Adam A. Wolfe reported equity award activity involving Restricted Stock Units (RSUs) and Class A common stock. On February 27, 2026, 2,773 of his RSUs vested and were converted on a one-for-one basis into 2,773 shares of Class A common stock at a reference price of $4.41 per share.
Of these shares, 807 were mandatorily withheld by the company to cover minimum tax withholding obligations under the award agreement, which is not treated as an open-market sale. Following these transactions, Wolfe directly owned 19,177 shares of Class A common stock and continued to hold multiple RSU awards that vest on March 1, 2027 and August 30, 2031 under the 2020 Omnibus Incentive Plan.
UWM Holdings Corp executive Laura Lawson reported equity award activity involving company stock. On February 27, 2026, 10,675 of her Restricted Stock Units vested and automatically converted into an equal number of shares of Class A Common Stock, consistent with the disclosed one-for-one RSU conversion rate.
To cover minimum tax withholding obligations under the award agreement, 3,107 of those shares were mandatorily withheld by the company in a transaction exempt under Rule 16b-3, which is not characterized as a sale by Lawson. Following these transactions, she directly held 59,447 shares of Class A Common Stock and continued to hold substantial RSU awards, including grants scheduled to vest on March 1, 2027 and August 30, 2031 under the 2020 Omnibus Incentive Plan.
UWM Holdings Corp executive Melinda Wilner, EVP and COO, reported the vesting of 17,436 Restricted Stock Units on February 27, 2026, which converted into the same number of Class A shares on a one-for-one basis. Of these, 5,074 shares were withheld by the company to cover tax obligations, which the footnotes state is not a sale. Following these transactions, she directly holds 71,200 Class A shares and substantial additional RSU awards that vest on May 19, 2026, March 1, 2027, and August 30, 2031, plus 1,000 Class A shares held in a separate account by her spouse, in which she disclaims pecuniary interest.
UWM Holdings Corp EVP and CFO Rami Hasani reported equity award activity involving Restricted Stock Units (RSUs) and Class A Common Stock. On February 27, 2026, 4,671 RSUs vested and were settled into an equal number of Class A shares at a transaction price of 4.4100 per share. The company then withheld 1,360 of those shares to cover minimum tax obligations under the award agreement, which is not treated as a sale by the insider. Following these transactions, Hasani directly held 12,426 Class A shares and multiple RSU awards that vest between 2026 and 2032 under the 2020 Omnibus Incentive Plan.
UWM Holdings Corp insider activity shows a series of open-market sales of Class A Common Stock by SFS Corp, a 10% holder associated with CEO Mat Ishbia. SFS Corp sold 632,874 shares on each of February 19, 2026, February 20, 2026 and February 23, 2026, totaling 1,898,622 shares, at weighted average prices of $4.77, $4.64 and $4.52 per share, pursuant to a Rule 10b5-1 plan adopted on September 16, 2025. After these transactions, SFS Corp’s indirect holdings reported for Mat Ishbia were 4,596,407 Class A shares. Separately, Mat Ishbia directly holds 279,989 Class A shares and 180,737 restricted stock units that convert one-for-one into Class A shares and are scheduled to vest on March 1, 2026.
UWM Holdings Corp reported a series of insider transactions involving SFS Holding Corp, a 10% shareholder associated with CEO Mat Ishbia. SFS Holding Corp converted 6,600,000 UWM Paired Interests into the same number of Class A Common Stock shares at a conversion price of $0.00 per share, reflecting an internal exchange of securities rather than a cash purchase. Following this conversion, SFS Holding Corp executed three open-market sales of 632,874 Class A shares each on February 13, 17 and 18, 2026, at weighted average prices ranging from $4.75 to $5.07 per share under a pre-established Rule 10b5-1 trading plan.
After these indirect transactions, SFS Holding Corp held 6,495,029 Class A shares, while Mat Ishbia directly held 279,989 Class A shares and 180,737 Restricted Stock Units that convert to Class A on a one-for-one basis and vest on March 1, 2026.
UWM Holdings Corp insider filing shows that SFS Corp, a 10% owner controlled by CEO Mat Ishbia, executed three open-market sales of 632,874 Class A shares each on February 10, 11, and 12, 2026 under a Rule 10b5-1 trading plan adopted on March 17, 2025, at weighted average prices of $4.83, $4.66, and $4.73 per share. Following these indirect sales, SFS Corp’s holdings reported for Ishbia total 1,793,651 Class A shares. Separately, Ishbia directly holds 279,989 Class A shares and 180,737 restricted stock units that convert one-for-one into Class A stock and are scheduled to vest on March 1, 2026 under the 2020 Omnibus Incentive Plan.
Holdings Corp reported insider share sales linked to CEO Mat Ishbia through SFS Corp, a 10% owner. SFS Corp sold 632,874 Class A shares on each of February 5, 6, and 9, 2026 at weighted average prices of $5.10, $4.84, and $4.61, respectively, under a Rule 10b5-1 trading plan adopted on March 17, 2025. After these transactions, SFS Corp held 3,692,273 Class A shares indirectly for Ishbia, while he also directly held 279,989 shares. Ishbia additionally held 180,737 restricted stock units that convert one-for-one into Class A shares and are scheduled to vest on March 1, 2026 under the 2020 Omnibus Incentive Plan.
UWM Holdings Corp director and EVP, Chief People Officer Laura Lawson reported an equity award of 18,129 restricted stock units (RSUs) on February 5, 2026. The RSUs were granted at $0 and each unit converts into one share of Class A common stock.
These 18,129 RSUs are scheduled to vest on March 1, 2027 under the company’s 2020 Omnibus Incentive Plan. Lawson also directly holds previously granted RSUs covering 548,848, 10,675, and 175,439 shares, plus 51,879 shares of Class A common stock.
Holdings Corp executive Melinda Wilner, who serves as EVP and COO as well as a director, reported an equity compensation award on a Form 4. On February 5, 2026, she received 29,611 restricted stock units (RSUs) with a price of $0 per unit. These RSUs convert into Class A common stock on a one-for-one basis and are scheduled to vest on March 1, 2027 under the company’s 2020 Omnibus Incentive Plan. The filing also lists multiple previously granted RSU awards with future vesting dates and shows that she holds Class A common stock directly, while 1,000 Class A shares are held in a separate account of her spouse, in which she disclaims pecuniary interest.
UWM Holdings Corp director and executive Alex Elezaj reported an equity grant in a Form 4. On February 5, 2026, he received 27,194 restricted stock units (RSUs) at $0 per unit, which will vest on March 1, 2027 under the 2020 Omnibus Incentive Plan.
The RSUs convert into Class A Common Stock on a one-for-one basis, meaning each unit becomes one share upon settlement. Following the reported transactions, Elezaj holds 302,597 Class A shares directly, plus several RSU awards totaling more than two million units with various vesting dates through 2031.
UWMC insider activity: An entity associated with President and CEO Mat Ishbia, SFS Corp, sold 632,874 shares of Class A Common Stock on 02/03/2026 at a weighted average price of $5.21 per share and 632,874 shares on 02/04/2026 at a weighted average price of $5.05 per share, under a Rule 10b5-1 trading plan adopted by SFS Corp on March 17, 2025. These securities are held directly by SFS Corp, a 10% holder, with Ishbia exercising all voting and dispositive power. Following the sales, SFS Corp held 5,590,895 Class A shares for Ishbia’s benefit. Ishbia also directly holds 279,989 Class A shares and 180,737 restricted stock units that convert one-for-one into Class A shares and vest on March 1, 2026.
UWM Holdings Corp EVP and COO Melinda Wilner reported an award of 175,439 restricted stock units on Class A common stock dated January 30, 2026. The RSUs were granted at $0 per unit and convert into Class A shares on a one-for-one basis.
These 175,439 RSUs vest on August 30, 2031 under the company’s 2020 Omnibus Incentive Plan. Following the reported holdings, Wilner directly owns 58,838 Class A shares and multiple RSU grants, and her spouse holds 1,000 Class A shares in a separate account for which she disclaims pecuniary interest.
UWM Holdings Corp executive Alex Elezaj reported new equity compensation and updated holdings. On January 30, 2026, he was granted 175,439 restricted stock units (RSUs) at $0 per unit under the 2020 Omnibus Incentive Plan. These RSUs convert into Class A Common Stock on a one-for-one basis and vest on August 30, 2031.
Following this grant, Elezaj beneficially owns additional RSU awards covering 658,617, 16,013, and 1,608,794 shares of Class A Common Stock, with portions vesting on March 1, 2026 and May 19, 2026 under the same plan. He also directly holds 302,597 shares of UWM Class A Common Stock.
UWM Holdings Corp executive Rami Hasani, EVP and Chief Financial Officer, reported a new equity award. On January 30, 2026, he received 175,439 restricted stock units at a price of $0 per unit.
The restricted stock units convert into Class A Common Stock on a one-for-one basis and vest on April 1, 2032 under the company’s 2020 Omnibus Incentive Plan. Following this transaction, Hasani also holds other restricted stock unit awards and 9,115 shares of Class A Common Stock directly.
UWM Holdings Corp (UWMC) executive Laura Lawson, EVP and Chief People Officer as well as a director, reported an equity compensation grant. On January 30, 2026, she received 175,439 restricted stock units (RSUs) at a price of $0 per unit under the 2020 Omnibus Incentive Plan.
The RSUs convert into Class A common stock on a one-for-one basis and vest on August 30, 2031. After this grant, Lawson directly holds 175,439 RSUs from this award, along with other RSU holdings of 548,848 and 10,675, plus 51,879 shares of Class A common stock, reflecting her ongoing equity-based compensation and ownership stake.
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.
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.