Statement of Changes in Beneficial Ownership (4)
16 Mai 2022 - 10:36PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Elezaj Alex |
2. Issuer Name and Ticker or Trading Symbol
UWM Holdings Corp
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UWMC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Chief Strategy Officer |
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(Last)
(First)
(Middle)
C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/12/2022 |
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(Street)
PONTIAC, MI 48341
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Class A Common Stock | 5/12/2022 | | P(1) | | 277778 | A | $3.6362 (2) | 280658 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Restricted Stock Units | (3) | | | | | | | (4) | (4) | Class A Common Stock | 9045.0 | | 9045 | D | |
| Explanation of Responses: |
| (1) | 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. |
| (2) | 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. |
| (3) | The Restricted Stock Units ("RSUs") convert to Class A Common Stock on a one-for-one basis. |
| (4) | 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. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Elezaj Alex
C/O UWM HOLDINGS CORPORATION
585 SOUTH BLVD E
PONTIAC, MI 48341 | X |
| EVP, Chief Strategy Officer |
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Signatures
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| /s/Anthony Valentine, as Attorney-in-Fact for Alex Elezaj | | 5/16/2022 |
| **Signature of Reporting Person | Date |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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