MAT ISHBIA (President and CEO) sold 22.6% of their position (1.90M shares) of UWM HOLDINGS CORP on the open market

Open‑market sale worth $9.28M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales

MAT ISHBIA

Filed: 2/18/2026ACC: 0001841794-26-000026

InsiderMAT ISHBIACIK 1841794

→

IssuerUWM HOLDINGS CORPCIK 1783398

DirectorOfficer10% Owner· President and CEO

Since Jan 2021

-1.90M

Net shares

Net seller

$9.28M

Total sold

Open market trades

0B · 3S

Total transactions

6.60M acquired · 8.50M disposed

Non-Derivative Transactions4

Class A Common Stock

Indirect

S · Sale

−632.87K

Price / share

$4.94

Trade value

$3.13M

% of position

35.3%

2/13/2026

1.79M→1.16M

Class A Common Stock

Indirect

C · Conversion

+6.60M

Price / share

—

Trade value

—

% of position

568.6%

2/17/2026

1.16M→7.76M

Class A Common Stock

Indirect

S · Sale

−632.87K

Price / share

$4.88

Trade value

$3.09M

% of position

8.2%

2/17/2026

7.76M→7.13M

Class A Common Stock

Indirect

S · Sale

−632.87K

Price / share

$4.85

Trade value

$3.07M

% of position

8.9%

2/18/2026

7.13M→6.50M

Total

Net shares

+4.70M

Net value

-$9.28M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Indirect	2/13/2026	S · Sale	−632.87K	$4.94	$3.13M	35.3%	1.79M	1.16M
Class A Common Stock Indirect	2/17/2026	C · Conversion	+6.60M	—	—	568.6%	1.16M	7.76M
Class A Common Stock Indirect	2/17/2026	S · Sale	−632.87K	$4.88	$3.09M	8.2%	7.76M	7.13M
Class A Common Stock Indirect	2/18/2026	S · Sale	−632.87K	$4.85	$3.07M	8.9%	7.13M	6.50M
Total			+4.70M		-$9.28M

Derivative Transactions1

UWM Paired Interests

Indirect

C · Conversion

Converts to

Class A Common Stock

6.60M shares

−6.60M

Strike price

Held after

1.31B

Exercisable

—

2/17/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
UWM Paired Interests Indirect	Class A Common Stock6.60M shares	2/17/2026	C · Conversion	−6.60M		—	1.31B

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Direct

Shares owned279.99K

Total

279.99K direct279.99K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	279.99K	Direct
Total	279.99K	279.99K direct

Derivative Holdings (Post-Transaction)1

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

180.74K

Shares owned

180.74K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

180.74K

Owned

180.74K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Class A Common Stock		—	—	180.74K	180.74K
Total					180.74K	180.74K