Mat Ishbia 4
4 · UWM Holdings Corp · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
UWM Holdings (UWMC) CEO Mat Ishbia Sells 2,001,148 Shares
What Happened
Mat Ishbia, CEO and a 10% owner of UWM Holdings Corp (UWMC), sold a total of 2,001,148 shares in two transactions: 1,000,574 shares on 2026-03-17 at a weighted average price of $3.67 ($3,672,107) and 1,000,574 shares on 2026-03-18 at a weighted average price of $3.73 ($3,732,141). Total proceeds from the sales were approximately $7.40 million. The filings list these as open-market or private sales.
Key Details
- Transaction dates and prices:
- 2026-03-17: 1,000,574 shares sold at $3.67 (weighted avg); proceeds $3,672,107.
- 2026-03-18: 1,000,574 shares sold at $3.73 (weighted avg); proceeds $3,732,141.
- Per footnotes, individual sale prices ranged roughly $3.60–$3.84 across the trades.
- Method: Sales conducted pursuant to a 10b5-1 plan adopted by SFS Corp on Sept 16, 2025 (pre-planned trading arrangement).
- Holdings/ownership: Some securities are held directly by SFS Corp (a 10% holder) and indirectly by Mat Ishbia; he exercises voting/dispositive power over SFS Corp’s shares. Footnotes also note some shares are held directly by Mat Ishbia.
- Filing: Form 4 filed 2026-03-18 reporting the 3/17–3/18 transactions; this appears to be timely (Form 4 is typically due within two business days).
- No indication of option exercise, award, or gift—these were straight sales (code S).
Context
Sales executed under a 10b5-1 plan are pre-scheduled and are generally considered planned dispositions rather than ad-hoc trades based on current inside information. For retail investors, purchases by insiders often carry more outward informational value than routine plan-based sales; these transactions are factual disclosures and do not, by themselves, indicate management’s view of the company’s prospects.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-17$3.67/sh−1,000,574$3,672,107→ 11,335,023 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-03-18$3.73/sh−1,000,574$3,732,141→ 10,334,449 total(indirect: See Footnote)
- 408,131
Class A Common Stock
[F5]
Footnotes (5)
- [F1]Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on September 16, 2025.
- [F2]Represents the weighted average price of shares sold. The price of the shares sold ranged from $3.63 to $3.74 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.
- [F3]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.
- [F4]Represents the weighted average price of shares sold. The price of the shares sold ranged from $3.60 to $3.84 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]These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.