UWMC CEO Sells Millions of Insider Shares

Core Insights - The stock of UWM Holdings Corporation has underperformed, with a year-over-year loss and a decline of approximately 25% for the entire year of 2025 [1][2] - Mat Ishbia, the President and CEO, has been selling shares since December 2025, reducing his indirect holdings from 9.85 million to 4.42 million [1] Company Performance - UWM serves independent mortgage brokers and correspondents in the U.S., focusing on the wholesale lending channel [2] - The stock experienced a one-year total return of -10.93% on the day of Ishbia's sale, indicating poor timing for capitalizing on stock strength [2] Insider Transactions - Ishbia sold 1,224,574 shares for approximately $6.8 million on December 9 and 10, 2025, through his holding company, SFS Holding Corporation [4][5] - This sale represents 18.96% of Ishbia's total holdings, leaving him with 4,955,547 shares indirectly held [3] Future Outlook - UWM Holdings is set to complete its acquisition of Two Harbors Investment Corp., a real estate investment trust, expected in the second quarter of 2026 [6] - The company is facing a year-to-year revenue decline for the first time in three years, raising concerns about its long-term outlook [6]