A 10 Percent Owner Bought 13.2 Million Under Armour Shares for $67.4 Million

1 week ago 10

Cory Renauer, The Motley Fool

Sat, January 3, 2026 astatine 1:29 PM CST 5 min read

13,182,469 shares were acquired for a full of ~$67.4 million, based connected a weighted mean terms of $5.12 per stock connected Jan. 2, 2026.
All shares were acquired via indirect entities controlled done Fairfax Financial Holdings Limited subsidiaries, with nary nonstop purchases oregon derivative transactions involved.
This transaction resulted successful Watsa holding each reported shares indirectly, with nonstop ownership reduced to zero aft the transaction.
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On Jan. 2, 2026, V. Prem Watsa, 10% Owner, executed open-market purchases totaling 13,182,469 shares of Under Armour (NYSE:UA) for a transaction worth of astir $67.4 million, arsenic elaborate successful the SEC Form 4 filing.

Metric

Value

Shares traded	13,182,469
Transaction value	$67.4 million
Post-transaction shares (direct)
Post-transaction shares (indirect)	51,416,278
Post-transaction worth (direct ownership)	~$0.00

Transaction worth based connected SEC Form 4 weighted mean acquisition terms ($5.12); post-transaction worth based connected Jan. 2, 2026 marketplace adjacent ($5.07).

What was the wide interaction connected Watsa's ownership structure?
All shares acquired successful this transaction were attributed to indirect entities, resulting successful zero nonstop ownership and consolidating the afloat presumption nether Fairfax Financial Holdings Limited subsidiaries.
How important was this transaction comparative to Watsa's anterior holdings?
This acquisition resulted successful post-transaction indirect holdings of 51,416,278 shares, with a modulation from nonstop to indirect ownership.
Were derivative securities oregon options progressive successful this activity?
No options oregon derivative instruments were exercised oregon transacted; the enactment was constricted to open-market purchases done indirect entities.
How does this transaction subordinate to the wide capableness of Watsa's position?
With nonstop holdings astatine zero and each shares present managed done indirect vehicles, the transaction reflects a capacity-driven transition, utilizing disposable indirect capableness to consolidate ownership wrong controlled entities.

Metric

Value

Revenue (TTM)	$5.05 billion
Net income (TTM)	($87.65 million)
Employees	6,800
1-year terms change	(30.40%)

* 1-year terms alteration calculated utilizing Jan. 2, 2026 arsenic the notation date.

Offers show apparel, footwear, and accessories nether brands specified arsenic UNDER ARMOUR, HEATGEAR, and HOVR, with gross chiefly generated from merchandise sales.
Operates a hybrid concern exemplary combining wholesale organisation to sporting goods retailers and section stores with direct-to-consumer income done branded stores and e-commerce platforms.
Targets athletes, sports enthusiasts, and progressive consumers globally, serving markets successful North America, EMEA, Asia-Pacific, and Latin America.