WOLFE ADAM A 4

What Happened

• Adam A. Wolfe, EVP, Chief Legal Officer & Chief Administrative Officer of UWM Holdings Corp (UWMC), was granted 4,709 restricted stock units (RSUs) on Feb 5, 2026. The award shows an acquisition price of $0.00 (no cash paid) and is reported as a derivative award on Form 4.
• These RSUs convert into Class A common stock on a one-for-one basis when they vest. Because this is a compensation award (not an open-market purchase or sale), it reflects equity compensation rather than an immediate market trade.

Key Details

• Transaction date: 2026-02-05; Form filed: 2026-02-09 (filed within the typical 2-business-day reporting window).
• Transaction type/code: A (Grant/Award/Other acquisition); reported as a derivative instrument.
• Shares involved: 4,709 RSUs granted at $0.00 (no cash paid).
• Vesting/plan notes from the filing:
  • RSUs convert 1:1 to Class A common stock (F1).
  • Vesting schedule references in filing: some RSUs vest March 1, 2026 (F3), March 1, 2027 (F4), and August 30, 2031 (F2). All were granted under the 2020 Omnibus Incentive Plan.
• Shares owned after transaction: not specified in the provided filing details.
• No 10b5-1 plan, tax withholding sale, or late-filing flag was indicated in the information provided.

Context

• RSU grants are common executive compensation and are not the same as a purchase or sale of shares on the market; they convert to stock only as they vest. Such awards provide future equity upside to the executive but do not by themselves indicate immediate buying or selling sentiment.
• Because the award vests over multiple dates, the economic exposure to UWMC stock will change over time as tranches vest and convert to shares.