FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 4
4 · Under Armour, Inc. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Under Armour (UA) 10% Owner Prem Watsa Buys Shares
What Happened
Prem Watsa (reported as a 10% owner through Fairfax affiliates) made open‑market purchases of Under Armour shares on January 27–28, 2026. The filing shows four purchases totaling 2,641,105 shares for aggregate cash consideration of $16,445,714:
- Jan 27, 2026 — 842,481 shares @ $6.20 = $5,219,928 (Class C, weighted avg $6.175–$6.20)
- Jan 27, 2026 — 686,505 shares @ $6.30 = $4,323,197 (Class A, weighted avg $6.28–$6.30)
- Jan 28, 2026 — 1,022,333 shares @ $6.20 = $6,337,647 (Class C, weighted avg $6.185–$6.20)
- Jan 28, 2026 — 89,786 shares @ $6.29 = $564,942 (Class A, weighted avg $6.285–$6.30)
These were purchases (buying stock), which investors often view as a more informative signal than sales, though the filing itself does not state motivations.
Key Details
- Transaction dates: Jan 27–28, 2026; Filing date: Jan 29, 2026 (appears timely).
- Total shares acquired: 2,641,105; Total cash paid: $16,445,714.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: securities are held by wholly‑owned Fairfax subsidiaries; Mr. Watsa is CEO/controlling person of Fairfax and disclaims beneficial ownership except to the extent of any pecuniary interest (standard for affiliate filings). Footnotes also provide weighted average price ranges and offer to supply per‑price breakdowns to the SEC on request.
- Transaction code: P = Purchase (open market/private purchase).
Context
- These trades were reported by Fairfax-related entities (institutional/affiliate activity), not a personal sale by an Under Armour executive. For retail investors, affiliate purchases by a large shareholder can indicate institutional accumulation but do not reveal management-level views.
- The filing contains weighted-average price ranges for Class A and Class C common shares; the affiliates bought both share classes over two days.
- This report is factual disclosure of purchases; it does not state intent or future plans.
Insider Transaction Report
Form 4
WATSA V PREM ET AL
10% Owner
Transactions
- Purchase
Class C Common Shares
[F1][F2]2026-01-27$6.20/sh+842,481$5,219,928→ 20,976,795 total(indirect: See Footnote) - Purchase
Class A Common Shares
[F3][F2]2026-01-27$6.30/sh+686,505$4,323,197→ 42,911,086 total(indirect: See Footnote) - Purchase
Class C Common Shares
[F4][F2]2026-01-28$6.20/sh+1,022,333$6,337,647→ 21,999,128 total(indirect: See Footnote) - Purchase
Class A Common Shares
[F5][F2]2026-01-28$6.29/sh+89,786$564,942→ 43,000,872 total(indirect: See Footnote)
Footnotes (5)
- [F1]Represents the weighted average price of the Class C Common Shares purchased on January 27, 2026, ranging from a low of $6.175 to a high of $6.200 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- [F2]These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the Chief Executive Officer and controlling person of Fairfax Financial Holdings Limited through certain holding companies he controls, including The Second 810 Holdco Ltd, The Second 1109 Holdco Ltd, and The Sixty Two Investment Company Limited. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F3]Represents the weighted average price of the Class A Common Shares purchased on January 27, 2026, ranging from a low of $6.280 to a high of $6.300 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- [F4]Represents the weighted average price of the Class C Common Shares purchased on January 28, 2026, ranging from a low of $6.185 to a high of $6.200 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- [F5]Represents the weighted average price of the Class A Common Shares purchased on January 28, 2026, ranging from a low of $6.285 to a high of $6.300 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.