FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 4

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.