Uwm Holdings Corporation SEC Filings

UWM Holdings Corporation’s controlling shareholder, Mat Ishbia, and SFS Holding Corp. have filed Amendment No. 14 to their Schedule 13D. The amendment updates their disclosure to reflect sales of securities made under a previously adopted 10b5-1 trading arrangement.

SFS Holding Corp. directly holds 1,287,482,620 shares of Class D Stock, which are convertible or exchangeable, with related Class B Units, into Class A Common Stock. These securities give the reporting persons beneficial ownership of 1,287,482,620 shares of Class A Stock, representing 80.4% of the outstanding Class A shares, based on 313,880,910 Class A shares outstanding.

Because of a Voting Limitation in UWM’s charter, the reporting persons’ voting power is capped at 79% of the total voting power despite holding all Class D Stock, which carries ten votes per share. Without this limitation, they would hold 99.9% of the issuer’s voting power. Including additional shares held directly, Mat Ishbia reports beneficial ownership of 1,292,717,132 shares, or 80.7% of the Class A Stock.

UWM Holdings Corp reported that SFS Corp, a 10% holder controlled by President and CEO Mat Ishbia, executed three open-market sales of Class A common stock under a Rule 10b5-1 trading plan. On March 26, 27 and 30, 2026, SFS Corp sold 1,000,574 shares on each date at weighted average prices of about $3.46–$3.52 per share, totaling 3,001,722 shares sold. Following these transactions, SFS Corp held 2,329,857 shares indirectly attributed to Ishbia, while he also held 408,131 shares directly.

UWM Holdings Corp: Amendment No. 5 to a Schedule 13G/A filed on behalf of The Vanguard Group reports that, following an internal realignment, Vanguard and certain subsidiaries will report holdings separately. The filing lists Amount beneficially owned: 0 and Percent of class: 0% as of the disclosure, and cites the January 12, 2026 SEC release basis for disaggregation. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.

UWM Holdings Corp director and CEO Mat Ishbia, through SFS Corp, reported open-market sales of 3,001,722 shares of Class A Common Stock. The trades occurred on March 19–23, 2026 in three blocks of 1,000,574 shares each, at reported weighted average prices of $3.67, $3.60 and $3.72 per share. A footnote states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by SFS Corp on September 16, 2025, indicating they were pre-planned. After these sales, SFS Corp’s indirect holdings for Ishbia total 7,332,727 shares, while Ishbia also holds 408,131 shares directly, showing he retains a substantial position in UWM Holdings.

United Wholesale Mortgage affiliate filed a Form 144 reporting a proposed sale of Class A Common Stock. The filing lists SFS Holding Corp and a transaction dated 12/23/2025 showing 34,394,802 shares sold during the past three months. The broker of record is J.P. Morgan Securities LLC.

UWM Holdings Corp insider activity centers on SFS Corp, a 10% holder associated with CEO Mat Ishbia. SFS Corp converted 11,000,000 UWM Paired Interests into 11,000,000 shares of Class A Common Stock and then sold 2,266,322 Class A shares in open-market trades at prices around $3.69–$3.78 per share, pursuant to a Rule 10b5-1 trading plan. Following these transactions, indirect holdings reported for SFS Corp show 12,335,597 Class A shares, while Mat Ishbia also holds 408,131 Class A shares directly.

UWM Holdings Corporation has hired Okapi Partners LLC to advise on and help solicit proxies for the proposed merger with Two Harbors Investment Corp. under the existing Agreement and Plan of Merger. Two Harbors’ special stockholder meeting was adjourned to March 24, 2026 to allow more time for voting in favor of the transaction.

UWMC will pay Okapi $25,000, plus additional fees and costs if the merger is completed, and has agreed to indemnify Okapi for losses related to its services. The companies have an effective registration statement, proxy statement, and prospectus on file, and UWMC encourages Two Harbors stockholders who have not yet voted to submit proxies before the reconvened meeting.

UWM Holdings Corporation furnished an investor presentation outlining its pending acquisition of Two Harbors and updating its 2026 outlook. The company highlights an estimated ~$7.6 billion pro forma market value and a ~$2.2 billion public float after combining with Two Harbors.

UWM reiterates its quarterly dividend of about $160 million, or $0.10 per share, which equates to a 9.9% dividend yield, and notes that the deal should significantly increase equity and cash flow through Two Harbors’ servicing portfolio. Management also cites expected cost synergies of roughly $150 million and potential benefits from Two Harbors’ net operating loss carryforwards.

The presentation emphasizes UWM’s #1 mortgage origination platform alongside Two Harbors’ servicing operations and reports fourth-quarter 2025 loan originations of $49.6 billion, the highest since 2021. UWM expects standalone total revenue between $800 million and $900 million for the first quarter of 2026 and between $3.5 billion and $4.5 billion for full-year 2026.

UWM Holdings Corporation updated its financial outlook and operational plans in connection with its proposed acquisition of Two Harbors Investment Corp. For the first quarter of 2026, the company now expects total revenue between $800 million and $900 million, and for fiscal year 2026 it expects total revenue between $3.5 billion and $4.5 billion.

UWM reported total loan origination volume of $49.6 billion for the fourth quarter of 2025, its highest quarterly volume since 2021. Management highlighted implemented AI investments, including its voice-enabled assistant Mia, which is expected to handle over 12 million calls in 2026 and help support handling two to three times current loan volume through efficiency gains. UWM also cites progress toward an annualized nine-figure revenue run rate from new products such as TRAC+ and PA+, and reiterates its support for the strategic merits of the proposed Two Harbors transaction.