UWM (UWMC) CFO Hasani Rami Receives 2,500 Shares via RSU Vesting

What Happened

• Hasani Rami, Chief Financial Officer of UWM Holdings Corp (UWMC), had 2,500 restricted stock units (RSUs) vest on September 1, 2026. The RSUs converted one-for-one into 2,500 shares of Class A common stock (reported as a derivative conversion/exercise).
• The vesting produced a gross value of about $3,425 (2,500 shares × $1.37). The company withheld 728 shares to cover tax withholding obligations (value ≈ $997), leaving Rami with a net delivery of 1,772 shares (2,500 − 728).

Key Details

• Transaction date(s): September 1, 2026; Form 4 filed September 2, 2026 (appears filed timely).
• Reported prices/values: 2,500 shares reported at $1.37/share (gross ≈ $3,425); 728 shares withheld at $1.37/share (≈ $997).
• Net shares received: 1,772 shares after withholding.
• Shares owned after transaction: Not specified in the provided data.
• Footnotes: The 2,500 RSUs vested and were settled for Class A common stock (1:1 conversion). The withholding of 728 shares was a mandatory company withholding to satisfy tax obligations and is not a sale by the reporting person (transaction exempt under Rule 16b-3). The RSUs were granted under the 2020 Omnibus Incentive Plan; other RSU tranches noted in the filing vest in 2027, 2028 and 2032.

Context

• This was an award settlement (RSU vesting and conversion), not an open-market purchase or discretionary sale. The withholding of shares to meet tax obligations is routine and common when equity awards vest—such withholding is not generally viewed as a signal about the insider’s view of the stock.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax obligations.