Mat Ishbia Amends UWM Holdings Stake Filing

TL;DR

Mat Ishbia's SFS Holding Corp. updated its UWM Holdings stake filing. No major changes implied, just housekeeping.

AI Summary

Mat Ishbia, through SFS Holding Corp., filed an amendment (No. 2) to Schedule 13D for UWM Holdings Corporation on September 18, 2024. The filing relates to the Class A Common Stock of UWM Holdings Corporation. The address for Mat Ishbia and SFS Holding Corp. is 585 South Boulevard E, Pontiac, Michigan.

Why It Matters

This filing indicates ongoing reporting requirements for significant shareholders of UWM Holdings Corporation, providing transparency on ownership changes or confirmations.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, likely for administrative or minor updates, rather than a significant new event.

Key Players & Entities

• Mat Ishbia (person) — Filing person and beneficial owner
• SFS Holding Corp. (company) — Filing entity controlled by Mat Ishbia
• UWM Holdings Corporation (company) — Subject company
• 585 South Boulevard E, Pontiac, Michigan (location) — Address of filing person and subject company

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• uwm-schedule13d_axseptembe.htm (SC 13D/A) — 57KB
• 0001841794-24-000025.txt ( ) — 59KB

Security and Issuer

Item 1. Security and Issuer. This Amendment No 2 (the "Amendment") to Schedule 13D (the " Original Statement ") is being jointly filed by Mat Ishbia and SFS Holding Corp. ("SFS Corp." and together with Mat Ishbia, collectively referred to as the " Reporting Persons ") and relates to the Class A Common Stock, par value $0.0001 per share (the " Class A Stock "), of UWM Holdings Corporation, a Delaware corporation (the " Issuer "). The principal executive offices of the Issuer are located at 585 South Boulevard E, Pontiac, Michigan 48341. Unless specifically amended hereby, the disclosure set forth in the Statement shall remain unchanged. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings set forth in the Statement.

Purpose of the Transaction

Item 4. Purpose of the Transaction.

of the Original Statement is hereby amended by the addition of the following

Item 4 of the Original Statement is hereby amended by the addition of the following Pursuant to the Registration Rights Agreement previously filed, the Issuer currently has in place a registration statement on Form S-3 registering for resale by SFS up to 150,000,000 shares of Class A Stock, of which 132,957,988 are currently available (the " Registration Statement "), issuable upon exchange of an equal number of Paired Interests (consisting of one share of Class D Stock of the Issuer and one Class B Unit in UWM Holdings, LLC (" Holdings LLC "), collectively a " Paired Interest ") held by SFS Corp. On September 13, 2024 and September 16, 2024, SFS Corp. entered into separate Stock Purchase Agreements and exchanged an aggregate of 12,042,012 Paired Interests for an equal number of Class A Stock and sold such shares of Class A Stock on such respective dates pursuant to the Registration Statement in a privately negotiated transaction. Immediately after the closings of these transactions, the Issuer had 113,147,636 shares of Class A Stock outstanding. From time to time, based on market conditions, SFS Corp. intends to sell all or a portion of those shares of Class A Stock covered by the Registration Statement.