Mat Ishbia 4
4 · UWM Holdings Corp · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
UWM (UWMC) CEO Mat Ishbia Sells 1.27M Shares
What Happened Mat Ishbia, CEO and a >10% owner of UWM Holdings Corp (UWMC), sold a total of 1,265,748 shares in two open-market transactions under a pre-established 10b5-1 plan. On 2026-03-06 he disposed of 632,874 shares for $3.94 each (proceeds $2,493,524) and on 2026-03-09 he disposed of another 632,874 shares for $3.78 each (proceeds $2,392,264). Total proceeds were about $4,885,788. These were sales (not purchases), typically considered routine when done under a 10b5-1 plan.
Key Details
- Transaction dates and amounts:
- 2026-03-06: Sold 632,874 shares @ $3.94 — $2,493,524 (weighted-price range noted in filing: $3.83–$4.12)
- 2026-03-09: Sold 632,874 shares @ $3.78 — $2,392,264 (weighted-price range noted in filing: $3.65–$3.89)
- Total shares sold: 1,265,748; total proceeds: ~$4.89M; approximate average price ≈ $3.86/share.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- Sales were made pursuant to a 10b5-1 trading plan adopted by SFS Corp on September 16, 2025 (prearranged plan).
- Some securities are held directly by SFS Corp (a 10% holder) and are attributable to Mat Ishbia due to his control of SFS Corp; other shares are held directly by Mat Ishbia (per filing).
- Reporting person will provide the SEC/stakeholders with number of shares sold at each price on request.
- Timeliness: Form 4 was filed 2026-03-09 covering trades on 03-06 and 03-09; the filing appears to be timely.
Context
- A 10b5-1 plan is a pre-arranged trading program that allows insiders to sell shares on a set schedule or under predetermined conditions; such sales are often routine and do not necessarily reflect a change in the insider’s view of the company.
- Because Mat Ishbia is both a company executive and a >10% owner (through SFS Corp and direct holdings), some sales reflect holdings attributed to an affiliated entity rather than only personal direct holdings.
- This report documents sales only — purchases tend to be more closely watched as bullish signals.
Insider Transaction Report
Form 4
Mat Ishbia
DirectorPresident and CEO10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-06$3.94/sh−632,874$2,493,524→ 5,500,541 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-03-09$3.78/sh−632,874$2,392,264→ 4,867,667 total(indirect: See Footnote)
Holdings
- 408,131
Class A Common Stock
[F5]
Footnotes (5)
- [F1]Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on September 16, 2025.
- [F2]Represents the weighted average price of shares sold. The price of the shares sold ranged from $3.83 to $4.12 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 $3.65 to $3.89 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]These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.