Mat Ishbia 4
Accession 0001841794-26-000014
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 4:52 PM ET
Size
13.7 KB
Accession
0001841794-26-000014
Research Summary
AI-generated summary of this filing
UWM Holdings (UWMC) CEO Mat Ishbia Sells Shares
What Happened
Mat Ishbia, CEO of UWM Holdings Corp (UWMC), disposed of three equal blocks of 632,874 shares on Jan 22, Jan 23 and Jan 26, 2026 (total 1,898,622 shares, proceeds $11,056,309). Affiliated 10% holder SFS Holding Corp sold identical blocks on the same dates (also 1,898,622 shares, proceeds $11,056,309). Combined, the two reporting persons sold 3,797,244 shares for combined proceeds of approximately $22,112,618. These transactions are reported as open‑market/private sales (code S).
Key Details
- Transaction dates & weighted averages (per filing):
- Jan 22, 2026 — 632,874 shares @ $5.87 = $3,714,970 (price range for the trades that day: $5.77–$5.96)
- Jan 23, 2026 — 632,874 shares @ $5.85 = $3,702,313 (price range cited: $5.70–$5.95)
- Jan 26, 2026 — 632,874 shares @ $5.75 = $3,639,026 (price range cited: $5.67–$5.82)
- Total sold by Mat Ishbia: 1,898,622 shares ($11.06M). Total sold by SFS Holding Corp: 1,898,622 shares ($11.06M). Combined: 3,797,244 shares (~$22.11M).
- Shares owned after these transactions: not specified in the provided filing excerpt — see the full Form 4 for post‑sale holdings.
- Notable footnotes:
- SFS Holding Corp’s sales were made pursuant to a 10b5‑1 trading plan adopted March 17, 2025.
- Filings note the reporting relationship: SFS is a 10% holder affiliated with Mat Ishbia (he is CEO and sole director of SFS and exercises voting/dispositive power over certain shares).
- Filing timeliness: Form 4 was filed Jan 26, 2026; transactions occurred Jan 22–26. The filing date covers the reported transactions and is not marked as late in the provided data.
Context
These are outright sales (not purchases or option exercises). Sales by insiders, especially when done under a pre‑arranged 10b5‑1 plan, are often routine and do not by themselves indicate management sentiment. Mat Ishbia is both an executive and a large shareholder; SFS is an affiliated 10% holder — both sold shares in the same time frame. For full holdings, the exact number of shares remaining and additional footnote detail, consult the complete Form 4 filing.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-01-22$5.87/sh−632,874$3,714,970→ 4,686,761 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-01-23$5.85/sh−632,874$3,702,313→ 4,053,887 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F5][F3]2026-01-26$5.75/sh−632,874$3,639,026→ 3,421,013 total(indirect: See Footnote)
- 279,989
Class A Common Stock
[F6] - 180,737
Restricted Stock Units
[F7][F8]→ Class A Common Stock (180,737 underlying)
Footnotes (8)
- [F1]Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on March 17, 2025.
- [F2]Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.77 to $5.96 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
- [F3]These securities are held directly by SFS Corp, a 10% holder of the Issuer, and indirectly by Mat Ishbia. Mat Ishbia is the Chief Executive Officer and sole director of SFS Corp and serves as the investment advisor to the trust that owns the voting securities of SFS Corp, and therefore exercises all voting and dispositive power of the securities held by SFS Corp. In addition, trusts for the benefit of Mat Ishbia and his immediate family are shareholders of SFS Corp. By virtue of its relationship with Mat Ishbia, a director and the CEO of the Issuer, SFS Corp may be deemed to be a director by deputization.
- [F4]Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.70 to $5.95 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
- [F5]Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.67 to $5.82 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
- [F6]These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.
- [F7]These Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.
- [F8]These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.
Documents
Issuer
UWM Holdings Corp
CIK 0001783398
Related Parties
1- filerCIK 0001841794
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 4:52 PM ET
- Size
- 13.7 KB