Mat Ishbia, President and CEO of UWM Holdings Corporation, sold 1,898,622 shares worth $11.14 million indirectly from Jan. 16-21, 2026. The sale reduced his total holdings by 25.32%, leaving direct ownership at 279,989 shares. This transaction involved the conversion of UWM Paired Interests into Class A Common Stock.

UWM Holdings Corporation, a leading mortgage lender in the U.S., specializes in residential loan origination. The company operates through a broker-focused wholesale channel, focusing on conforming and government loans. Despite recent struggles in share prices and low loan volume, UWM remains a key player in the mortgage industry.

Mat Ishbia used paired interests to indirectly sell UWM shares, benefiting from voting power and economic value. This sale, part of a 10b5-1 Plan, follows his historic selling pattern. UWM’s struggles in the mortgage market, with share prices falling 50% in five years, indicate ongoing challenges despite recent Fed rate cuts.

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Read more at Yahoo Finance: UWM Holdings CEO Sells Millions of Shares in January