FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 4
4 · Under Armour, Inc. · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Under Armour (UA) 10% Owner Prem Watsa Buys Stock
What Happened WATSA V PREM et al. (identified as a 10% owner) made three open-market purchases of Under Armour (UA) Class A shares on May 12–14, 2026. The purchases were: 438,723 shares on May 12 (weighted avg price reported $4.99, $2,190,719), 739,521 shares on May 13 (weighted avg $4.97, $3,677,860), and 100 shares on May 14 at $5.00 ($500). Total acquired: 1,178,344 shares for approximately $5,869,079. These were purchases (buying stock), not sales.
Key Details
- Transaction dates/prices: May 12 (weighted avg $4.99; range $4.925–$5.000 per F1), May 13 (weighted avg $4.97; range $4.855–$5.000 per F3), May 14 ($5.00).
- Total shares acquired: 1,178,344; total cash value: ~$5.87M ($5,869,079).
- Shares owned after transaction: Not disclosed in this Form 4.
- Notable footnotes: Purchases were made by subsidiaries of Fairfax Financial Holdings Limited (F2); Mr. Watsa is CEO/controlling person of Fairfax but the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest (F2). Footnotes F1 and F3 note the weighted-average price ranges and offer to provide per-price purchase detail to the SEC on request.
- Filing timeliness: Reported on May 14, 2026 for transactions beginning May 12, 2026 — filed within the standard Section 16 reporting window (not marked late).
Context These transactions were made by Fairfax subsidiaries (institutional/affiliate activity) rather than an executive selling shares; the report expressly disclaims beneficial ownership except for any pecuniary interest. Purchases by large holders can be informative to investors, but filings do not state motivation.
Insider Transaction Report
- Purchase
Class A Common Shares
[F1][F2]2026-05-12$4.99/sh+438,723$2,190,719→ 43,439,595 total(indirect: See Footnote) - Purchase
Class A Common Shares
[F3][F2]2026-05-13$4.97/sh+739,521$3,677,860→ 44,179,116 total(indirect: See Footnote) - Purchase
Class A Common Shares
[F2]2026-05-14$5.00/sh+100$500→ 44,179,216 total(indirect: See Footnote)
Footnotes (3)
- [F1]Represents the weighted average price of the Class A Common Shares purchased on May 12, 2026, ranging from a low of $4.925 to a high of $5.000 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 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 May 13, 2026, ranging from a low of $4.855 to a high of $5.000 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.