Alex Elezaj - May 12, 2022 Form 4 Insider Report for UWM Holdings Corp (UWMC)

Signature
/s/Anthony Valentine, as Attorney-in-Fact for Alex Elezaj
Stock symbol
UWMC
Transactions as of
May 12, 2022
Transactions value $
$1,010,056
Form type
4
Date filed
5/16/2022, 04:20 PM
Previous filing
Feb 3, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UWMC Class A Common Stock Purchase $1.01M +278K +9645.07% $3.64 281K May 12, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding UWMC Restricted Stock Units 9.05K May 12, 2022 Class A Common Stock 9.05K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's purchase of UWM Holdings Corp. Class A common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 1,575 shares, with the Reporting Person's sale of 1,575 shares of UWM Holdings Corp. Class A common stock at a price of $3.56 per share on May 12, 2022 which was executed by the Company's stock plan administrator automatically for the payment of taxes in connection with the vesting of the reporting person's RSUs. The transaction resulted in short-swing profit of $1,949.85, which the Reporting Person has disgorged to the Issuer in accordance with Section 16(b) of the Securities Exchange Act of 1934.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $3.56 to $3.76 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 separate price.
F3 The Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis.
F4 The RSUs vest in accordance with the following schedule: 4,455 will vest on February 1, 2023 and 4,590 will vest on February 1, 2024.