UWM Holdings' (UWMC) CEO Sells 2 Million Shares for $7.5 Million

2,001,148 Class A shares were indirectly sold for approximately $7.49 million over two days at a weighted average price of about $3.75 per share. The transaction represented 12.72% of Ishbia's disclosed holdings at the time. This is a routine insider disposition and is likely to have limited market impact.

Analysis

2,001,148 Class A shares were indirectly sold for approximately $7.49 million over two days at a weighted average price of about $3.75 per share. The transaction represented 12.72% of Ishbia's disclosed holdings at the time. This is a routine insider disposition and is likely to have limited market impact.