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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.
UWMC Holdings Corporation’s controlling shareholder has updated its ownership disclosure. Mat Ishbia and SFS Holding Corp. filed Amendment No. 12 to their Schedule 13D to reflect recent sales made under a previously adopted Rule 10b5-1 trading plan.
As of this amendment, SFS Holding Corp. holds 1,333,996,611 shares of Class D stock, which are convertible, together with Class B units, into 1,318,553,880 shares of Class A common stock. Those 1,318,553,880 Class A shares represent 82.4% of the 281,344,220 Class A shares outstanding. Due to a voting limitation in the charter, the reporting persons exercise 79% of total voting power, although without that limitation they would hold 99.9% of the company’s voting power. Mat Ishbia is deemed to beneficially own 1,323,660,250 shares, or 82.7% of the Class A class.
Holdings Corporation (UWMC) has filed an S-4 to complete an all‑stock merger with Two Harbors Investment Corp. Two Harbors will merge into a UWMC subsidiary and become an indirect, wholly owned unit of UWMC. Each share of Two Harbors common stock will be converted into 2.3328 shares of UWMC Class A common stock, with cash only for fractional shares. Two Harbors’ three preferred series will each convert into a corresponding new UWMC preferred series on a one‑for‑one basis, keeping the same dividend rates. After the merger, current UWMC common holders are expected to own about 87% of UWMC on a fully diluted basis and former Two Harbors common holders about 13%, while SFS Holdings Corp. will retain roughly 79% of combined voting power through high‑vote Class D shares. The UWMC and Two Harbors boards unanimously approved the deal, and Two Harbors’ board recommends that its common stockholders vote in favor at a special virtual meeting.
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.