Ishbia’s Exit Strategy: A Little Birdie Told Me…

UWM Holdings Corporation

Right. So, Mat Ishbia, the man running UWM Holdings (UWMC 3.85%), has been quietly… shedding shares. Nearly 1.9 million of them, to be precise, over the last few days. For around $9 million. Don’t get me wrong, it’s his money, he can do what he likes. But when a CEO starts a little fire sale like this, I tend to raise an eyebrow. Or two. It’s not exactly a vote of confidence, is it? And frankly, I’m starting to suspect he knows something we don’t.

The Nitty Gritty

Metric Value
Shares sold (indirect) 1,898,622
Transaction value $8,999,468
Post-transaction shares (direct) 279,989
Post-transaction shares (indirect) 1,793,651
Post-transaction value (direct ownership) $1.32 million

Numbers, numbers. They tell a story, don’t they? He still holds a decent chunk, sure. But the percentage of holdings he’s offloaded? A hefty 47.80%. That’s… noticeable. It’s like he’s subtly signaling, “I’m still in the game, but I’m hedging my bets.” And honestly? I respect the hustle. Even if it makes me slightly uneasy.

They’re claiming it’s all part of a pre-arranged Rule 10b5-1 plan. Which, okay, fine. It’s a perfectly legitimate way to sell shares without looking like you’re panicking. But let’s be real: it still feels a bit… calculated. Like a magician distracting you with one hand while picking your pocket with the other. And other executives are joining the party, too. It’s becoming a trend, isn’t it?

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A Quick Look Under the Hood

Metric Value
Revenue (TTM) $2.70 billion
Net income (TTM) $16.89 million
Dividend yield 8.66%
1-year price change -29.57%

* 1-year price change calculated using Feb. 21, 2026 as the reference date. Which, let’s face it, isn’t exactly a cause for champagne.

What Does It All Mean?

UWM is a mortgage lender. They do okay. But the market is… let’s just say it’s not exactly booming. And when the Fed cuts rates and loan volume still doesn’t pick up? That’s a red flag. A big, flashing, neon red flag. The stock has taken a beating – nearly 50% over the last five years. Ouch. And frankly, I’m starting to think it could fall further.

They’re banking on the Q4 FY 2025 earnings report on February 25th to turn things around. Good luck with that. I’ll be watching, of course. With a healthy dose of skepticism. And maybe a small short position. Don’t judge me. A girl’s gotta protect her portfolio. And honestly? I have a feeling this story isn’t over yet.

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2026-02-22 17:22