Mat Ishbia 4

4 · UWM Holdings Corp · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

UWM Holdings (UWMC) CEO Mat Ishbia Sells 1,265,748 Shares

What Happened

Mat Ishbia, CEO and a 10% owner related to SFS Corp, sold a total of 1,265,748 UWM Holdings (UWMC) shares in two open-market transactions. On 2026-03-10 he disposed of 632,874 shares at a weighted average price of $4.13 (proceeds $2,613,770). On 2026-03-11 he disposed of 632,874 shares at a weighted average price of $3.91 (proceeds $2,474,537). Combined proceeds were about $5.09 million. These were sales (code S) executed pursuant to a prearranged 10b5-1 trading plan.

Key Details

Transaction dates/prices/values:
- 2026-03-10: Sold 632,874 shares @ $4.13 (weighted avg) — $2,613,770 (F2)
- 2026-03-11: Sold 632,874 shares @ $3.91 (weighted avg) — $2,474,537 (F4)
Plan and price details: Sales were made under a 10b5-1 plan adopted by SFS Corp on Sept 16, 2025 (F1). The filing lists weighted averages and price ranges (shares sold ranged $4.03–$4.25 for one lot and $3.84–$3.99 for the other); the reporting person can provide a per-price breakdown on request (F2, F4).
Ownership/relationship notes: Some securities are held directly by SFS Corp (a 10% holder) and indirectly by Mat Ishbia; Mat Ishbia also holds shares directly (F3, F5). The filing explains the ownership/control relationships between Mat Ishbia, SFS Corp and related trusts.
Filing timeliness: Report filed 2026-03-11 for transactions on 2026-03-10 — appears timely (no late filing flag in provided data).

Context

These transactions were executed under a 10b5-1 plan, which is a prearranged trading program that allows insiders to sell shares according to a preset schedule. That fact is relevant because 10b5-1 trades are typically planned in advance rather than reflecting immediate reactions to recent company developments.

Form 4

Period: 2026-03-10

DirectorPresident and CEO10% Owner

Transactions

Sale
Class A Common Stock
[F1][F2][F3]
2026-03-10$4.13/sh−632,874$2,613,770→ 4,234,793 total(indirect: See Footnote)
Sale
Class A Common Stock
[F1][F4][F3]
2026-03-11$3.91/sh−632,874$2,474,537→ 3,601,919 total(indirect: See Footnote)

Holdings

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 $4.03 to $4.25 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 $3.84 to $3.99 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.

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