Insider Selling: UWM (NYSE:UWMC) CEO Sells 1,000,574 Shares of Stock

April 9, 2026 by InsiderTrades.com

Key Points

Ishbia Mat, UWM's CEO, sold 1,000,574 shares on April 8 at an average price of $3.87 under a pre-arranged Rule 10b5-1 plan, leaving him with 7,326,413 shares (a ~12.02% reduction, valued at about $28.35M).
That April 8 sale is part of a string of mid‑March to early‑April transactions in which Mat sold roughly 10.64 million shares in total (ten trades of 1,000,574 shares plus one of 632,874), indicating a large, systematic reduction in insider holdings.
UWM recently announced a quarterly dividend that implies a 10.2% yield, but the dividend payout ratio is an unusually high 666.67%, raising questions about sustainability.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $3.87, for a total value of $3,872,221.38. Following the completion of the transaction, the chief executive officer owned 7,326,413 shares of the company's stock, valued at approximately $28,353,218.31. This represents a 12.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Ishbia Mat also recently made the following trade(s):

On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $3,692,118.06.
On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total value of $3,492,003.26.
On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.72, for a total value of $3,722,135.28.
On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.60, for a total value of $3,602,066.40.
On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total value of $3,702,123.80.
On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $2,335,305.06.

UWM Trading Up 7.9%

UWMC opened at $3.91 on Thursday. The firm has a market cap of $6.25 billion, a P/E ratio of 65.08 and a beta of 1.93. UWM Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock has a 50-day moving average of $4.22 and a 200 day moving average of $5.01.

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UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $945.25 million during the quarter, compared to analysts' expectations of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. As a group, research analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 10.2%. UWM's dividend payout ratio (DPR) is presently 666.67%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of UWM from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 27th. Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research note on Wednesday, February 25th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Compass Point assumed coverage on shares of UWM in a research note on Tuesday, March 10th. They issued a "buy" rating and a $8.50 price objective for the company. Finally, Morgan Stanley set a $6.00 price objective on shares of UWM in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $6.36.

Check Out Our Latest Stock Report on UWMC

Hedge Funds Weigh In On UWM

A number of institutional investors have recently modified their holdings of UWMC. Allworth Financial LP increased its position in shares of UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company's stock worth $25,000 after acquiring an additional 4,091 shares during the period. GAMMA Investing LLC increased its position in shares of UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock worth $33,000 after acquiring an additional 4,344 shares during the period. Raymond James Financial Inc. purchased a new position in shares of UWM during the second quarter worth approximately $35,000. Farther Finance Advisors LLC increased its position in shares of UWM by 1,410.7% during the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company's stock worth $38,000 after acquiring an additional 8,027 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of UWM during the third quarter worth approximately $38,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

UWM Company Profile

(Get Free Report)

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.