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$FRFHF·4

Under Armour, Inc. · Jan 21, 8:02 PM ET

FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 4

Research Summary

AI-generated summary

Updated

Under Armour (UA) 10% Owners Fairfax/Watsa Buy 8.61M Shares

What Happened

  • Reporting persons WATSA V PREM et al. and Fairfax Financial Holdings Ltd. (each listed as 10% owners) reported open-market purchases (Code P) of Under Armour Class C common shares across three dates. Each reporting person shows buys of 1,837,686 shares on Jan 16, 1,769,581 shares on Jan 20, and 5,000,000 shares on Jan 21 — totaling 8,607,267 shares per reporting person.
  • Values at the reported weighted-average prices: Jan 16 @ $5.60 = $10,282,404; Jan 20 @ $5.62 = $9,940,621; Jan 21 @ $5.89 = $29,461,500. Combined across the three trades the purchases amount to about $49.68 million per reporting person. These are purchases (buying stock), which investors often view as a more informative/bullish signal than routine sales.

Key Details

  • Transaction dates & reported weighted-average prices:
    • 2026-01-16: 1,837,686 shares @ $5.60 (F1: actual prices ranged $5.450–$5.700)
    • 2026-01-20: 1,769,581 shares @ $5.62 (F3: ranged $5.510–$5.800)
    • 2026-01-21: 5,000,000 shares @ $5.89 (F4: ranged $5.685–$5.940)
  • Total per reporting person: 8,607,267 shares; total consideration ≈ $49,684,525.
  • Shares owned after transaction: not specified in the summary information provided.
  • Footnote on ownership (F2): securities are held by wholly-owned Fairfax subsidiaries; Mr. Watsa is CEO/controlling person of Fairfax. The reporting persons disclaim beneficial ownership for Rule 16a‑1(a) purposes except to the extent of any pecuniary interest.
  • Filing: Form shows filing dated 2026-01-21 covering transactions through Jan 21, 2026; the filing itself does not flag a late filing in the provided data.

Context

  • These reports come from a 10% owner/institutional group (Fairfax) and an associated controlling person (Prem Watsa), not from an unaffiliated company executive. That typically means the trades reflect institutional activity rather than routine insider compensation or option exercises.
  • All transactions are purchases (P). No option exercises, gifts, or sales are reported here.