UWM Holdings CEO Mat Ishbia sells $0 in class A common stock

In a recent transaction, Mat Ishbia, President and CEO of UWM Holdings Corp (NYSE:UWMC), along with SFS Holding Corp, reported the sale of 29,520,569 shares of Class A Common Stock. The shares were sold in a privately negotiated transaction in exchange for membership interests in a privately held limited liability company. This transaction was executed on March 14, 2025. The sale comes as UWM’s stock has experienced significant volatility, with shares down over 28% in the past six months. According to InvestingPro data, the company currently maintains a market capitalization of $9.77 billion and offers a substantial 6.45% dividend yield.

The shares sold were initially acquired through the conversion of UWM Paired Interests, which consist of shares of non-economic voting Class D Common Stock and Class B common units. This conversion to Class A Common Stock was executed at no cost, as per the reporting details.

Following the transaction, Ishbia, through direct holdings, retains 279,989 shares of Class A Common Stock. Additionally, he indirectly holds a significant number of shares through his role as CEO and sole director of SFS Holding Corp, a 10% owner of UWM Holdings Corp.

In other recent news, UWM Holdings Corp. reported its financial results for the fourth quarter of 2024, revealing a significant earnings miss. The company posted an earnings per share (EPS) of -$0.2695, falling short of the forecasted $0.0766, and revenue for the quarter was $560.21 million, below the expected $645.47 million. Despite these setbacks, UWM Holdings achieved a 29% year-over-year increase in full-year production, reaching $139.4 billion, and maintained its position as the largest mortgage company in the U.S.

Additionally, Keefe, Bruyette & Woods analyst Bose George upgraded UWM Holdings’ stock rating from Market Perform to Outperform, with a revised price target of $7.50. George’s decision was influenced by the stock’s decline since the company reported its earnings, which he believes was an overreaction. The analyst highlighted UWM Holdings’ strong position in the purchase market and its growing share in the refinancing market.

These recent developments reflect the company’s challenges and opportunities in the mortgage sector.

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