HASANI RAMI 4

What Happened

• Hasani Rami, Chief Financial Officer of UWM Holdings Corp (UWMC), had 4,671 restricted stock units (RSUs) vest and convert 1-for-1 into 4,671 shares of Class A common stock on February 27, 2026.
• The filing shows a gross value of the vested shares at $4.41/share (4,671 × $4.41 = $20,599). The company withheld 1,360 shares to satisfy tax-withholding obligations (value shown $5,998), leaving a net increase of approx. 3,311 shares (net value ≈ $14,601).
• This was not an open-market sale — the withheld shares reflect tax withholding under the award agreement and an exemption under Rule 16b-3.

Key Details

• Transaction date: February 27, 2026. Report filed March 2, 2026 (appears timely).
• Vesting/conversion: 4,671 RSUs → 4,671 shares at $0 exercise price (RSUs convert 1:1).
• Withholding: 1,360 shares withheld to cover taxes (treated as a disposition for withholding, code F).
• Reported values: gross value $20,599; withholding value $5,998; net value to insider ≈ $14,601.
• Shares owned after transaction: not specified in this Form 4.
• Award plan: RSUs granted under the 2020 Omnibus Incentive Plan. Additional RSU tranches with future vesting dates are noted in the filing (see footnotes for schedules).

Context

• This was a standard RSU vesting event, not a market buy or sell by the insider. The company’s withholding of shares to cover taxes is routine and does not necessarily indicate insider sentiment.
• For retail investors, purchases (insider buys) typically carry more interpretive weight than routine vesting; this filing documents compensation-related issuance rather than a discretionary market purchase or sale.