Item 4 — Purpose of Transaction
Item 4 of the Schedule 13 D is hereby amended by the addition of the following: Pursuant to the Registration Rights Agreement previously filed, the Issuer currently has in place a registration statement on Form S-3 registering for resale by SFS up to 150,000,000 shares of Class A Stock, of which 45,712,833 are currently available (the "Registration Statement"), issuable upon exchange of an equal number of Paired Interests (consisting of one share of Class D Stock of the Issuer and one Class B Unit in UWM Holdings, LLC ("Holdings LLC"), collectively a "Paired Interest") held by SFS Corp. On March 31, 2025, SFS Corp. exchanged an aggregate of 13,028,909 Paired Interests for an equal number of Class A Stock and sold such shares of Class A Stock pursuant to the Registration Statement in a privately negotiated transaction for shares of a private company. From time to time, based on market conditions, SFS Corp. intends to sell the remaining portion of those shares of Class A Stock covered by the Registration Statement.