4//SEC Filing
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 4
Accession 0000947871-26-000063
$FRFHFCIK 0001336917other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 8:02 PM ET
Size
12.4 KB
Accession
0000947871-26-000063
Research Summary
AI-generated summary of this filing
Under Armour (UA) 10% Owners Fairfax/Watsa Buy 8.61M Shares
What Happened
- Reporting persons WATSA V PREM et al. and Fairfax Financial Holdings Ltd. (each listed as 10% owners) reported open-market purchases (Code P) of Under Armour Class C common shares across three dates. Each reporting person shows buys of 1,837,686 shares on Jan 16, 1,769,581 shares on Jan 20, and 5,000,000 shares on Jan 21 — totaling 8,607,267 shares per reporting person.
- Values at the reported weighted-average prices: Jan 16 @ $5.60 = $10,282,404; Jan 20 @ $5.62 = $9,940,621; Jan 21 @ $5.89 = $29,461,500. Combined across the three trades the purchases amount to about $49.68 million per reporting person. These are purchases (buying stock), which investors often view as a more informative/bullish signal than routine sales.
Key Details
- Transaction dates & reported weighted-average prices:
- 2026-01-16: 1,837,686 shares @ $5.60 (F1: actual prices ranged $5.450–$5.700)
- 2026-01-20: 1,769,581 shares @ $5.62 (F3: ranged $5.510–$5.800)
- 2026-01-21: 5,000,000 shares @ $5.89 (F4: ranged $5.685–$5.940)
- Total per reporting person: 8,607,267 shares; total consideration ≈ $49,684,525.
- Shares owned after transaction: not specified in the summary information provided.
- Footnote on ownership (F2): securities are held by wholly-owned Fairfax subsidiaries; Mr. Watsa is CEO/controlling person of Fairfax. The reporting persons disclaim beneficial ownership for Rule 16a‑1(a) purposes except to the extent of any pecuniary interest.
- Filing: Form shows filing dated 2026-01-21 covering transactions through Jan 21, 2026; the filing itself does not flag a late filing in the provided data.
Context
- These reports come from a 10% owner/institutional group (Fairfax) and an associated controlling person (Prem Watsa), not from an unaffiliated company executive. That typically means the trades reflect institutional activity rather than routine insider compensation or option exercises.
- All transactions are purchases (P). No option exercises, gifts, or sales are reported here.
Insider Transaction Report
Form 4
WATSA V PREM ET AL
10% Owner
Transactions
- Purchase
Class C Common Shares
[F1][F2]2026-01-16$5.60/sh+1,837,686$10,282,404→ 11,295,041 total(indirect: See Footnote) - Purchase
Class C Common Shares
[F3][F2]2026-01-20$5.62/sh+1,769,581$9,940,621→ 13,064,622 total(indirect: See Footnote) - Purchase
Class C Common Shares
[F4][F2]2026-01-21$5.89/sh+5,000,000$29,461,500→ 18,064,622 total(indirect: See Footnote)
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
10% Owner
Transactions
- Purchase
Class C Common Shares
[F1][F2]2026-01-16$5.60/sh+1,837,686$10,282,404→ 11,295,041 total(indirect: See Footnote) - Purchase
Class C Common Shares
[F3][F2]2026-01-20$5.62/sh+1,769,581$9,940,621→ 13,064,622 total(indirect: See Footnote) - Purchase
Class C Common Shares
[F4][F2]2026-01-21$5.89/sh+5,000,000$29,461,500→ 18,064,622 total(indirect: See Footnote)
Footnotes (4)
- [F1]Represents the weighted average price of the Class C Common Shares purchased on January 16, 2026, ranging from a low of $5.450 to a high of $5.700 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- [F2]These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the Chief Executive Officer and controlling person of Fairfax Financial Holdings Limited through certain holding companies he controls, including The Second 810 Holdco Ltd, The Second 1109 Holdco Ltd, and The Sixty Two Investment Company Limited. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F3]Represents the weighted average price of the Class C Common Shares purchased on January 20, 2026, ranging from a low of $5.510 to a high of $5.800 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- [F4]Represents the weighted average price of the Class C Common Shares purchased on January 21, 2026, ranging from a low of $5.685 to a high of $5.940 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
Documents
Issuer
Under Armour, Inc.
CIK 0001336917
Entity typeother
IncorporatedCanada (Federal Level)
Related Parties
1- filerCIK 0000915191
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 8:02 PM ET
- Size
- 12.4 KB