SFS Holding Corp, which holds a roughly ten percent stake in UWM Holdings Corp (NYSE: UWMC), executed the sale of 1,898,622 shares of UWM Class A Common Stock between February 5 and February 9, 2026. The dispositions were carried out in three separate transactions and generated approximately $9.2 million in proceeds, with execution prices ranging from $4.61 to $5.18 per share.
The stock has experienced near-term weakness. UWMC shares declined 8.86% over the past week and are currently trading at $4.63, a price point close to the lower bound of the company’s 52-week range of $3.79 to $7.14.
The share sales by SFS Holding Corp were performed pursuant to a pre-established 10b5-1 trading arrangement that SFS adopted on March 17, 2025. Following completion of the February transactions, SFS Holding Corp directly holds 3,692,273 shares of UWM Class A Common Stock.
Mat Ishbia, who serves as UWM Holdings’ chief executive officer and is the sole director of SFS Corp, may be considered to have indirect ownership of the shares held by SFS Corp. In addition to the indirect stake, Ishbia directly owns 279,989 Class A shares. He also has 180,737 Restricted Stock Units that are scheduled to convert into Class A Common Stock on March 1, 2026.
Separately from the insider activity, UWM Holdings Corporation revealed plans to acquire Two Harbors Investment Corp in an all-stock transaction valued at $1.3 billion. Under the terms disclosed, Two Harbors shareholders will receive 2.3328 shares of UWM Holdings Class A Common Stock for each Two Harbors share they hold. Based on UWM’s closing price as of December 16, 2025, that exchange ratio equates to $11.94 per Two Harbors share.
The announced acquisition price represents a 21% premium to Two Harbors’ 30-day volume weighted average price. The transaction is structured as an all-stock deal and the disclosed valuation and exchange ratio are tied to UWM’s reported closing price on December 16, 2025.
In addition to transactional details, Jefferies initiated coverage on UWM Holdings with a Hold rating and established a $5.00 price target. The brokerage’s price target is noted to be based on roughly eight times the company’s 2027 earnings per share forecast.
The combination of executed insider sales under a standing 10b5-1 plan, the post-sale ownership position of SFS Holding Corp, the disclosed indirect and direct holdings of the company’s CEO, and a material all-stock acquisition announcement together outline several concurrent developments affecting UWM Holdings. The company is receiving analyst attention while also pursuing strategic consolidation via the proposed Two Harbors transaction.