Mat Ishbia Sells $8.4 Million in UWM Stock Amid Share Drop

On Friday, UWM Holdings Corporation (NYSE:UWMC) President and CEO Mat Ishbia reported the indirect sale of nearly 1.9 million shares, totaling $8.37 million, through SFS Corp as part of a derivative conversion and liquidation strategy. The sale’s value was based on a weighted average purchase price of $4.41. UWM Holdings, headquartered in Pontiac, Michigan, is a prominent wholesale mortgage lender focused on broker-centric loan origination and servicing.

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