Elezaj Alex 4

What Happened Alex Elezaj, EVP, Chief Strategy Officer and a director of UWM Holdings Corp (UWMC), had 1,608,794 restricted stock units (RSUs) vest on May 19, 2026. Those RSUs converted one-for-one into 1,608,794 shares of Class A common stock (reported as a derivative conversion/exercise). To satisfy the company's minimum tax withholding, 661,736 of those shares were withheld (disposed) at an implied value of $2.92 per share. The gross value of shares settled was about $4,697,678 and the shares withheld for taxes were worth about $1,932,269, leaving a net of 947,058 shares delivered to Elezaj (net value ~ $2.77M).

Key Details

• Transaction date: May 19, 2026. Report filed May 21, 2026 (appears timely).
• Vesting/Conversion: 1,608,794 RSUs converted 1-for-1 to Class A shares (code M).
• Tax withholding: 661,736 shares withheld to satisfy tax/withholding obligations (code F); this is not a market sale by the insider.
• Prices/values shown: $2.92 per share; gross value ~$4.70M; withheld value ~$1.93M.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: RSUs settled upon vesting (F1); withholding reflects mandatory tax withholding under the award agreement and Rule 16b-3 (F2); RSUs convert 1-for-1 (F3); awards granted under the 2020 Omnibus Incentive Plan with additional RSU vesting schedules noted (F4, F5).

Context This was an RSU vesting and settlement, not an open-market buy or discretionary sale. The withheld shares are a routine, administrative tax-withholding action and do not necessarily indicate the insider actively sold shares on the market. The filing shows conversion/settlement of RSUs (derivative to stock) and mandatory withholding rather than a voluntary sale.