UWM CEO Mat Ishbia Discloses February Stock Sales Exceeding 3 Million Shares

SEC filings show the sales ran through his SFS Corp via open-market trades following conversions of paired interests.

Overview

Between February 13 and February 18, Ishbia reported the indirect sale of 1,898,622 Class A shares for about $9.28 million, according to a Form 4 filing.
On February 3 and February 4, he executed additional indirect open-market sales totaling 1,265,748 shares for roughly $6.5 million, per Form 4 disclosures.
After the February 18 transactions, reported holdings stood at approximately 279,989 direct shares and 6,495,029 indirect shares.
The February sales were executed from SFS Corp, an entity he controls with full voting and disposition authority, including shares sold after converting UWM Paired Interests into Class A stock.
Ishbia’s recent trading comes as UWM reported a Q4 FY2025 revenue rebound above $1 billion with roughly 300% year-over-year growth, continues to target a Q2 2026 close for its Two Harbors acquisition, and the stock remained down about 25% for 2025.