El-Erian Mohamed 4

What Happened
Mohamed El-Erian, a director of Under Armour, received an award of 10,367.76 shares reported as an acquisition (Transaction Code A) on 2026-07-01. The units were granted at a reported price of $0.00 (total reported value $0), and are noted as director fees deferred as deferred stock units under the Under Armour, Inc. Fiscal Year 2025 Non‑Employee Director Compensation Plan (footnote F1).

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06.
• Transaction type/code: Award/Grant (A).
• Amount: 10,367.76 shares (deferred stock units) at $0.00; reported value $0.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Director fees deferred as deferred stock units pursuant to the FY2025 Non‑Employee Director Compensation Plan (F1).
• Timeliness: Filing was submitted five days after the transaction date and appears late versus the typical Form 4 two-business-day reporting requirement.

Context
Deferred stock units for non-employee directors are a form of compensation that defers payment of fees into units that are typically settled later in stock or cash. This award is routine director compensation rather than an open-market purchase or sale and does not, by itself, indicate a change in the director’s market view.