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EdgarHawk

Mat Ishbia

President and CEO

Director Officer 10% Owner

Latest: President and CEO selling · April 2026

88 filings analyzed · 1 company · Latest 2026-05-08

Companies

Company Buys Sells Direction
UWM Holdings Corp UWMC 0 249 Net selling

Activity

May 2026
2026-05-08 UWM Holdings Corp UWMC
high
Sell
2,006,666 shares
$6,802,598
Significance 7/10

UWMC CEO Mat Ishbia sells over $6.8M in shares while stock trades well below its highs; all five prior sales at this ticker were well-timed exits.

Mat Ishbia, UWMC's President and CEO, executed his largest documented sale in recent memory—disposing of roughly half his holdings over two consecutive trading days while the stock sits well below its recent highs. This represents a significant reduction in personal exposure at a time when the stock has pulled back meaningfully from its peaks. Notably, this is not an aberration: Ishbia's prior sales at UWMC have universally preceded declines in the stock, suggesting a consistent ability to time exits—he has now exited five times at UWMC in recent weeks, and each time the stock fell afterward. The company itself remains profitable with strong revenue growth, but Ishbia's systematic liquidation of a massive position suggests caution about near-term direction, even if fundamentals support a profitable, growing business. The scale of this sale—coupled with his perfect track record of well-timed exits at this ticker—warrants close attention from investors.

2026-05-06 UWM Holdings Corp UWMC
high
Sell
2,006,666 shares
$7,133,698
Significance 7/10

UWMC CEO Mat Ishbia sells ~2M shares over two days as stock trades well below recent highs, continuing a sustained exit pattern.

Mat Ishbia, UWMC's President and CEO, is executing a large two-day exit, liquidating over two million shares as the company's stock has fallen sharply from its recent peaks. This sale is consistent with Ishbia's track record: he has sold shares exclusively for the past several trading sessions, and his prior exits have been well-timed—the stock has declined each time he sold, suggesting he has read the market direction correctly. The company itself remains profitable with strong revenue growth, yet Ishbia is clearly taking a different view, moving to reduce his exposure at these depressed valuations rather than using the weakness as a buying opportunity. For a CEO with direct visibility into business operations and execution, sustained selling at a moment of significant price weakness raises a question about his internal conviction on the near-term outlook.

2026-05-04 UWM Holdings Corp UWMC
medium
Sell
2,938,418 shares
$10,502,841
Significance 4/10

UWMC CEO Mat Ishbia sells $10.5M in shares while acquiring larger position via conversion; stock off 56% from 52-week high.

Mat Ishbia, UWMC's President and CEO, executed a complex three-day sequence that mixed a large conversion and three sales totaling $10.5M, while remaining a net acquirer of over 667,000 shares. This appears driven by portfolio mechanics rather than conviction: Ishbia converted restricted stock worth approximately $3.6M into open-market shares, then sold portions of that newly converted stake across the following three days. The timing is notable—the stock has fallen sharply from its 52-week high and trades near its 52-week low, yet Ishbia is simultaneously shedding shares while deepening his net position. His prior five sales at this ticker, all very recent, were uniformly well-timed: the stock declined after every one, suggesting Ishbia has consistently exited near local peaks. However, his cross-filing record is uniformly one direction—223 open-market sales across all holdings in 36 months against zero open-market purchases—indicating he has been a disciplined seller rather than a buyer for three years. The company itself remains profitable with solid revenue growth, so the selling is not rooted in operational distress; instead, it reflects a chairman and major shareholder using equity vesting to rebalance and monetize a significant position.

April 2026
2026-04-29 UWM Holdings Corp UWMC
high
Sell
1,987,218 shares
$7,113,126
Significance 7/10

CEO Mat Ishbia sold 1,987,218 shares for $7,113,126.04 across 2 transactions at UWMC, reducing stake by 37.4%

Mat Ishbia, President and CEO, executed two separate sales totaling 1,987,218 shares (1.99M shares) for $7,113,126.04 ($7.1M) at prices of $3.66 and $3.50 on 2026-04-28 and 2026-04-29, reducing his holdings from 5,318,951 shares (5.32M shares) to 3,331,733 shares (3.33M shares), a -37.4% reduction. The blended average sale price of $3.58 occurred in a context where UWMC's 52-week range spans $3.42–$6.91, with the current price at $3.47 representing -49.8% from the 52-week high and a -39.1% 90-day decline. His recent selling activity includes five consecutive prior sales at this ticker on 2026-04-21 through 2026-04-27, indicating sustained disposition activity by the CEO during a period of material stock depreciation. The company reported a latest-quarter net income of $-1,262,000.00 ($-1.3M) against revenue of $843,252,000.00 ($843.3M), signaling profitability headwinds despite annual revenue growth of +46.1%.

2026-04-27 UWM Holdings Corp UWMC
high
Sell
3,001,722 shares
$11,186,417
Significance 7/10

UWMC CEO Ishbia sells 3,001,722 shares ($11.2M) at $3.65–$3.78 over 3 days; stock down 45.9% from 52-week high.

Mat Ishbia (President and CEO) executed 3 separate sales totaling 3,001,722 shares for $11,186,417.32 across April 23–27, 2026, reducing his holdings by 36.1% from 8,320,673 to 5,318,951 shares at a blended average price of $3.73. The stock currently trades at $3.74, down 45.9% from its 52-week high of $6.91, and the broader 90-day trend is negative at -36.2%. While the company reported strong revenue growth of 46.1% year-over-year and quarterly revenue of $843,252,000.00, it is unprofitable with a net loss of $1,262,000.00 in the latest quarter. The concentrated multi-day sale of a substantial block by the CEO warrants investor attention given the stock's significant drawdown from highs and the company's loss position, though recent 30-day momentum has been positive at 9.4%.

2026-04-22 UWM Holdings Corp UWMC
high
Sell
2,001,148 shares
$7,524,316
Significance 6/10

Mat Ishbia sells 2,001,148 shares (19.4% of holdings) over 2 days at $3.82–$3.70 as stock down 46.7% from 52-week high

Mat Ishbia, President and CEO of UWMC, executed 2 separate sales totaling 2,001,148 shares for $7,524,316.48 at a blended average price of $3.76 on April 21–22, 2026, reducing his holdings from 10,321,821 shares to 8,320,673 shares. The sale timing coincides with the stock trading at $3.68 current price, down 46.7% from the 52-week high of $6.91, and reflects a 90-day decline of 36.6% and 30-day decline of 1.6%. While the company reported strong annual revenue growth of 46.1%, it posted a net loss of $1,262,000 in its latest quarter on revenue of $843,252,000. The insider's cross-ticker track record shows 20 prior sells with an average 30-day return of -1.1%, but his 5 most recent trades at UWMC (all within the April 14–20 period) lack yet-measurable 30-day and 90-day outcomes. The pattern of consecutive daily sales at declining prices warrants analysis of whether additional sells may follow.

2026-04-20 UWM Holdings Corp UWMC
high
Sell
3,001,722 shares
$11,636,676
Significance 7/10

CEO Mat Ishbia sold 3,001,722 shares at blended avg $3.88 (Apr 16-20), reducing holdings by 22.5% to 10.32M shares

Mat Ishbia, President and CEO, executed 3 separate sales totaling 3,001,722 shares (3.00M shares) for $11,636,675.62 across three trading days from 2026-04-16 to 2026-04-20, at prices ranging from $3.76 to $3.94. This represents a 22.5% reduction in his UWMC holdings, from 13,323,543 to 10,321,821 shares. The transactions occurred when the current stock price is $3.98, near the low end of the 52-week range ($3.42–$6.91) and -42.4% below the 52-week high, with 90-day performance showing a -31.0% decline. These sales followed an earlier cluster of five other sales at this ticker on 2026-04-09 through 2026-04-15, with outcomes not yet measurable. The company reported $843.3M in quarterly revenue, strong revenue growth of +46.1% year-over-year, but a net loss of $-1.3M in the latest period. The sustained pattern of sequential daily sales during a period of depressed relative valuation warrants examination of whether this reflects discretionary positioning or reflects cash flow needs unrelated to conviction.

2026-04-15 UWM Holdings Corp UWMC
high
Sell
2,001,148 shares
$7,494,299
Significance 6/10

UWMC CEO Ishbia sells 2,001,148 shares across two days at $3.71–$3.78; stock -44.9% from 52-week high

Mat Ishbia, President and CEO of UWM Holdings Corp, executed two separate sales totaling 2,001,148 shares for $7,494,299.26, reducing his holdings by 13.1% from 15,324,691 to 13,323,543 shares. The transactions occurred at $3.71 on 2026-04-14 and $3.78 on 2026-04-15, near the current price of $3.81 but significantly depressed relative to the 52-week high of $6.91. The stock is down 34.3% over 90 days despite a +46.1% annual revenue growth rate and recent positive 30-day momentum (+5.0%). His prior transactions at UWMC from 2026-04-07 through 2026-04-13 (five consecutive days of selling) remain unmeasured in outcome. A FLAG indicates this filing contains derivative-conversion activity; the insider's full position including Form 4 Table II derivative holdings is not yet available in the database, so this partial sale should not be characterized as a complete exit.

2026-04-13 UWM Holdings Corp UWMC
high
Sell
3,001,722 shares
$11,286,475
Significance 7/10

CEO Mat Ishbia sold 3,001,722 shares (41% reduction) over 3 days at blended avg $3.76; stock now -46.0% from 52-week high

Mat Ishbia, President and CEO, executed 3 separate sales totaling 3,001,722 shares for $11,286,474.72 on April 9, 10, and 13, 2026, reducing his holdings by 41.0% from 7,326,413 to 4,324,691 shares. The sales occurred at prices ($3.91, $3.71, $3.66) that exceeded the current price of $3.73, though the stock trades -46.0% below its 52-week high of $6.91, indicating a significant sustained decline. The company's recent quarter showed revenue of $843,252,000.00 and a loss of $1,262,000.00, while annual revenue grew 46.1%, suggesting operational scale is expanding despite near-term profitability pressure. The concentration of three large dispositions within four trading days warrants attention to whether this represents discretionary liquidity management against the backdrop of the stock's depressed valuation relative to its recent range.

2026-04-08 UWM Holdings Corp UWMC
high
Sell
2,001,148 shares
$7,484,294
Significance 7/10

CEO Mat Ishbia sells 2,001,148 shares over 2 days for $7,484,293.52; post-sale holdings 7,326,413 shares (-21.5%)

Mat Ishbia, President and CEO, executed 2 separate sales totaling 2,001,148 shares for $7,484,293.52 at a blended average price of $3.74 on April 7–8, 2026. This represents a -21.5% reduction in his holding from 9,327,561 shares pre-transaction. The current stock price of $3.91 is -43.4% from the 52-week high of $6.91, and the 90-day price change stands at -17.0%, suggesting downward momentum in the period surrounding this sale. Against his cross-ticker track record of 20 prior sells with an average 30-day return of +3.4%, this company has seen concentrated selling activity: 5 prior trades at UWMC all within a 7-day span (March 30–April 6), with measurable outcomes not yet available. The fundamental backdrop shows revenue of $843,252,000 with net income of $-1,262,000 (a loss), though annual revenue growth was +46.1%. The sustained and concentrated nature of the selling—a large positional reduction by the CEO—warrants investor attention to whether this reflects a shift in the insider's capital allocation priorities or broader confidence in near-term equity valuation.

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