WOLFE ADAM A 4

What Happened

• Adam A. Wolfe, EVP, CLO & Chief Administrative Officer of UWM Holdings Corp. (UWMC), was granted 175,439 restricted stock units (RSUs) on January 30, 2026. The grant was reported as a derivative award (Form 4 code A) at $0.00 — no cash was exchanged. Each RSU converts to one share of Class A common stock on a one-for-one basis when vested.

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (filed within required two business days).
• Transaction type/code: Grant/Award of RSUs (code A); reported acquisition of 175,439 RSUs at $0.00.
• Price/consideration: $0.00 reported (typical for time‑based equity awards).
• Vesting notes (from filing):
  • F1: RSUs convert to Class A Common Stock on a one-for-one basis.
  • F2: A portion vests on August 30, 2031 (granted under the 2020 Omnibus Incentive Plan).
  • F3: A portion vests on March 1, 2026 (granted under the 2020 Omnibus Incentive Plan).
• Shares owned after transaction: Not specified in the reported Form 4.
• Plan: Awards granted pursuant to the company’s 2020 Omnibus Incentive Plan.

Context

• RSUs are a form of deferred equity compensation: they represent a right to receive shares in the future when vesting conditions are met. This grant is not an open‑market purchase (often seen as a more direct bullish signal), but rather compensation; it increases Wolfe’s potential future ownership if vesting conditions are satisfied. Filing was timely based on the reported transaction and filing dates.