UWM Holdings CEO Sells Nearly 2M Shares For $9M

By Adé Hennis – Mar 1, 2026 at 1:01PM ESTKey PointsMat Ishbia sold 1,898,622 Class A Common shares indirectly for approximately $9.28 million across three transactions from February 13, 2026, to February 18, 2026, at a weighted-average price of approximately $4.89 per share.The transaction represented 21.89% of Mat Ishbia's total reported holdings before the sale.Mat Ishbia, President and CEO of UWM Holdings Corporation (UWMC 2.97%), reported the indirect sale of 1,898,622 Class A Common shares via open-market transactions between February 13, 2026 and February 18, 2026, for a total consideration of approximately $9.28 million, as disclosed in the SEC Form 4 filing. Transaction summaryMetricValueShares sold (indirect)1,898,622Transaction value$9.3 millionPost-transaction shares (direct)279,989Post-transaction shares (indirect)6,495,029Post-transaction value (direct ownership)~$1.35 millionTransaction value based on SEC Form 4 weighted average purchase price ($4.89); post-transaction value reflects holdings after the transaction as of February 18, 2026.Key questionsHow does the size of this sale compare to Mat Ishbia’s historical trading activity?The 1,898,622-share sale is slightly above the recent median sell trade size of 1,789,068 shares and well above the early-period median of 1,200,108 shares. What is the mechanism underlying the shares disposed?This transaction involved SFS Corp. converting UWM Paired Interests into Class A Common Stock, which was then sold. Company overviewMetricValueRevenue (TTM)$3.46 billionNet income (TTM)$27.38 millionDividend yield9.07%Price (as of market close Feb. 28, 2026)$4.21Company snapshotUWM Holdings Corporation is a leading wholesale mortgage lender in the United States, focusing on residential loan origination, sale, and servicing mortgages. It serves independent mortgage brokers and correspondents, targeting a broad base of homebuyers and refinancing customers. What this transaction means for investorsIshbia has been selling shares indirectly quite frequently since December 2025, when he started the month with 9.85 million indirect shares. However, after falling to just below 2 million indirect shares on February 12, he regained substantial ground throughout February, largely due to the vesting of stock units that can be converted into Class A shares. While there is no clear reason for Ishbiai’s share sale, it should be noted that the stock has underperformed in the previous two years. UWM's stock has been operating at a year-over-year loss in recent months, and it fell approximately 25% for the entire year of 2025. What UWM Holdings can look forward to is its recent strong Q4 FY 2025 earnings report on Feb. 25, 2026. After a rough Q3 earnings report, it bounced back with over a billion dollars in revenue, the first time it reached a billion since Q1 2021. The Q4 revenue was a 300% year-over-year (YoY) increase from the previous year’s quarter. The company is also finalizing its acquisition of Two Harbors Investment Corp. (TWO 2.27%), a real estate investment trust (REIT). The merger was announced on Dec. 17 and is expected to be completed in the second quarter of 2026. The merger helps grow UWM’s servicing portfolio and can be a significant factor for its efficiency in the real estate market. With a recent strong earnings report and an ideal acquisition soon to be finalized, UWM’s share prices could make a turn for the better. But when looking at long-term performance, the stock still has a long way to go. Read NextMar 1, 2026 •By Adé HennisUWM Holdings CEO Sells 1.27M Shares for $6.5 MillionFeb 22, 2026 •By Adé HennisPresident and CEO Sells UWMC 1.9M Shares for $9.0 MillionJan 31, 2026 •By Adé HennisUWM Holdings CEO Sells Millions of Shares in JanuaryJan 20, 2026 •By Thomas NielIs 2026 the Year to Buy UWM Holdings?Dec 19, 2025 •By Eric VolkmanWhy UWM Holdings Stock Was Getting Mashed This WeekAug 12, 2023 •By Brent Nyitray, CFAUWM Shows Why Its Business Model Works in the Current EnvironmentStocks MentionedUWM HoldingsNYSE: UWMC$4.42(-2.97%)-$0.14*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.