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UWM Holdings Corp·4

Mar 9, 5:51 PM ET

Mat Ishbia 4

Research Summary

AI-generated summary

Updated

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.