Mat Ishbia 4
4 · UWM Holdings Corp · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
UWM CEO Mat Ishbia Sells 3,001,722 Shares
What Happened Mat Ishbia, a 10% owner and director/CEO of UWM Holdings Corp (UWMC), sold a total of 3,001,722 shares in three open-market transactions executed March 19, March 20 and March 23, 2026. Each trade was for 1,000,574 shares with proceeds of $3,672,107 (Mar 19 at $3.67 avg), $3,602,066 (Mar 20 at $3.60 avg) and $3,722,135 (Mar 23 at $3.72 avg), for aggregate proceeds of $10,996,308 (about $11.0M). The filing indicates these sales were made pursuant to a 10b5-1 plan.
Key Details
- Transaction dates and proceeds:
- 2026-03-19: 1,000,574 shares sold, weighted avg $3.67, proceeds $3,672,107.
- 2026-03-20: 1,000,574 shares sold, weighted avg $3.60, proceeds $3,602,066.
- 2026-03-23: 1,000,574 shares sold, weighted avg $3.72, proceeds $3,722,135.
- Reported price ranges: shares sold ranged roughly $3.47–$3.77 per share across the transactions (per filing footnotes).
- Footnotes: sales were made pursuant to a 10b5-1 trading plan adopted by SFS Corp (Sept 16, 2025). Filing also explains ownership structure—some shares held by SFS Corp (a 10% holder) and some held directly by Mat Ishbia; trusts for Ishbia’s family hold interests in SFS Corp.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Filing: Form 4 filed on 2026-03-23 (period of report begins 2026-03-19); filing appears to be within the required reporting window for these transactions.
Context These were open-market sales executed under a pre-arranged 10b5-1 plan, which are commonly used to sell holdings on a set schedule and do not necessarily reflect contemporaneous trading intentions. Because Mat Ishbia is both a 10% owner and the company’s CEO/director and some shares are held via SFS Corp and related trusts, the filing clarifies beneficial and dispositive control rather than indicating independent institutional trading.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-19$3.67/sh−1,000,574$3,672,107→ 9,333,875 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-03-20$3.60/sh−1,000,574$3,602,066→ 8,333,301 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F5][F3]2026-03-23$3.72/sh−1,000,574$3,722,135→ 7,332,727 total(indirect: See Footnote)
- 408,131
Class A Common Stock
[F6]
Footnotes (6)
- [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 $3.47 to $3.77 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 $3.55 to $3.70 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 $3.66 to $3.77 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.