UWM (UWMC) CFO Hasani Rami Receives RSU Shares; Withholding

What Happened

• Hasani Rami, Chief Financial Officer of UWM Holdings Corp (UWMC), had 7,971 restricted stock units (RSUs) vest and convert to Class A common stock on August 28, 2026. The gross value of the vested shares at the reported price ($1.49) was $11,877.
• To satisfy withholding/tax obligations, 2,320 of those shares were withheld ( disposed ) at $1.49 for ~$3,457. Net shares delivered to Rami were 5,651, with an approximate net value of $8,420. The filing shows the RSU conversion/derivative entry and the withholding; this was not an open-market sale.

Key Details

• Transaction date: August 28, 2026; Filing date (Form 4): August 31, 2026 — filing appears to be within the normal Form 4 reporting window.
• Reported prices/values: 7,971 shares @ $1.49 = $11,877 (vest/converted); 2,320 shares withheld @ $1.49 = $3,457 (tax withholding).
• Net shares received: 5,651 shares (approx. $8,420).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion to stock); F = payment of exercise price or tax liability (share withholding to cover taxes).
• Notable footnotes: RSUs convert one-for-one to Class A common stock; the withholding reflects mandatory share withholding under the award agreement; other RSU tranches have future vesting dates noted in the filing (examples include Sept 1, 2026; Mar 1, 2027; Aug 30, 2028; Apr 1, 2032).

Context

• This was a routine RSU vesting and settlement, not a market sale signaling a change in insider conviction. The withholding is a common cashless way to cover taxes rather than a separate sale.
• For retail investors, vested RSUs being settled is useful to know for insider ownership tracking, but it does not necessarily indicate a buy or sell intention by the insider.