UWM Holdings Corp · Conversion · Class A Common Stock

What does this filing report?

An SEC Form 4 filing for UWM Holdings Corp records a conversion involving Class A Common Stock on December 1, 2025. The reported quantity was 6,800,000. The filing date is December 3, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Filing footnotes & remarks

F1

Each UWM Paired Interest consists of one share of non-economic voting Class D Common Stock of UWM Holdings Corporation (the "Issuer") ("Class D Stock") and one Class B common units of UWM Holdings, LLC ("UWM LLC") ("Class B Common Units"), a subsidiary of the Issuer. Each UWM Paired Interest is convertible for one share of Class A Common Stock of the Issuer (i) at any time at the option of the holder or (ii) automatically upon transfer to a third person. These shares of Class A Common Stock were acquired by SFS Holding Corp. ("SFS Corp") upon the conversion of an equal number of UWM Paired Interests.

F2

These securities are held directly by SFS Corp, a 10% holder of the Issuer, and indirectly by Mat Ishbia. Mat Ishbia is the Chief Executive Officer and sole director of SFS Corp and serves as the investment advisor to the trust that owns the voting securities of SFS Corp, and therefore exercises all voting and dispositive power of the securities held by SFS Corp. In addition, trusts for the benefit of Mat Ishbia and his immediate family are shareholders of SFS Corp. By virtue of its relationship with Mat Ishbia, a director and the CEO of the Issuer, SFS Corp may be deemed to be a director by deputization.

F3

Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on March 17, 2025.

F4

Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.69 to $5.92 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.

F5

Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.63 to $5.96 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.

F6

Represents the weighted average price of shares sold. The price of the shares sold ranged from $5.65 to $5.80 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.

F7

These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.

F8

The conversion rights related to the UWM Paired Interests do not expire.

F9

These Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.

F10

These RSUs vest on March 1, 2026. The RSUs were granted pursuant to the 2020 Omnibus Incentive Plan.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.