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UWMCUWM Holdings Corp · Insider ownership research

UWM Holdings Corp insiders sold $450M in the past 12 months. How much of their stake is that?

Insiders sold $450M in the past 12 months.100% was sold under disclosed trading plans. The largest seller, Ishbia Mat (President and CEO, Director), sold $450M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$450M
largest seller, Ishbia Mat, past 12 months
100%
of sales were under disclosed trading plans, past 12 months
1 of 6
officers and directors sold shares, past 12 months
Is this normal? More than usual: about 4x the 5-year average. 1 insider sold; the average is 1 a year. Year by year
Latest filing: Filed Sep 2 for a tax withholding on Sep 1. Rami Hasani had 728 shares withheld by the company for taxes. Filing
SEC ownership filings: 77 filed in the 12 months to Oct 13, 2026; 222 on record since Jan 23, 2020 · See the evidence

What stands out

Routine activity: 100% of sales were under disclosed plans, and no insider sold more than 1% of vested holdings.

A share of stake is shown for 0 of the 1 officer or director who sold. 6 are left out

i
Left out: Ishbia Mat, Alex Elezaj, Melinda Wilner, Laura Lawson, Adam Wolfe and Rami Hasani (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Ishbia Mat
President and CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$450MDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $46.8M under a disclosed planOctNov 2025: $59.8M under a disclosed planNovDec 2025: $50.0M under a disclosed planDecJan 2026: $68.0M under a disclosed planJanFeb 2026: $57.1M under a disclosed planFebMar 2026: $68.7M under a disclosed planMarApr 2026: $78.1M under a disclosed plan$78.1MAprMay 2026: $21.1M under a disclosed planMayJunJulAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 1, 2026Rami Hasani had 728 shares ($997) withheld by the company for taxes (not a market sale). 2.5K shares came in from vesting or option exercises the same day, so the holding rose by 1.8K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Rami Hasani
EVP, Chief Financial Officer
728$1.37n/an/aSep 1, 2026Sep 2, 2026

Common questions

Is the UWM Holdings Corp CEO selling stock?

Yes. Ishbia Mat sold 98.99M shares ($450M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are UWM Holdings Corp insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.

Are any UWM Holdings Corp insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Ishbia Mat
President and CEO, Director
$450M
98.99M shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
The full ownership picture0 of 6 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Ishbia Mat
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ishbia Mat are complete.
President and CEO, Director
n/a−98.99Mn/an/a
Vesting, gifts, unvested awards and holding lines for Ishbia Mat

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ishbia Mat are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−53Kwithheld by the company for taxes
Alex Elezaj
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alex Elezaj are complete.
EVP, Chief Strategy Officer, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Alex Elezaj

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alex Elezaj are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−666Kwithheld by the company for taxes
Melinda Wilner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Melinda Wilner are complete.
EVP, COO, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Melinda Wilner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Melinda Wilner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−667Kwithheld by the company for taxes
Laura Lawson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Laura Lawson are complete.
EVP, Chief People Officer, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Laura Lawson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Laura Lawson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−3.9Kwithheld by the company for taxes
Adam Wolfe
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Adam Wolfe are complete.
EVP, CLO & Chief Admin Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Adam Wolfe

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Adam Wolfe are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−807withheld by the company for taxes
Rami Hasani
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Rami Hasani are complete.
EVP, Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Rami Hasani

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Rami Hasani are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−4.4Kwithheld by the company for taxes

Holdings and share of stake for UWM Holdings Corp are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$450M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $450M across 98,994,325 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Taxes

1,395,202 shares ($4.2M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Ishbia Mat
President and CEO, Director
98.99M$450M100%100%Oct 14, 2025 to May 8, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$46.8M$46.8M$0$0
Nov 2025$59.8M$59.8M$0$0
Dec 2025$50.0M$50.0M$0$0
Jan 2026$68.0M$68.0M$0$0
Feb 2026$57.1M$57.1M$0$0
Mar 2026$68.7M$68.7M$0$0
Apr 2026$78.1M$78.1M$0$0
May 2026$21.1M$21.1M$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 4x the 5-year average. 1 insider sold; the average is 1 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
98.99M1$450M
Oct 13, 2025
1 year earlier
79.48M1$194M
Oct 13, 2024
2 years earlier
61.74M1$147M
Oct 14, 2023
3 years earlier
00$0
Oct 14, 2022
4 years earlier
21K5$102K
Oct 14, 2021
5 years earlier
00$0

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty6 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for UWM Holdings Corp are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology222 filings on record, 77 filed in the 12-month period, and how we read them

All 222 Forms 3, 4 and 5 on record for UWM Holdings Corp (SEC CIK 1783398), filed from Jan 23, 2020 to Sep 2, 2026; 77 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (15)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.