<SEC-DOCUMENT>0000947871-25-001099.txt : 20251229
<SEC-HEADER>0000947871-25-001099.hdr.sgml : 20251229
<ACCEPTANCE-DATETIME>20251229213600
ACCESSION NUMBER:		0000947871-25-001099
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251222
FILED AS OF DATE:		20251229
DATE AS OF CHANGE:		20251229

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
		CENTRAL INDEX KEY:			0000915191
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		ORGANIZATION NAME:           	02 Finance
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33202
		FILM NUMBER:		251610936

	BUSINESS ADDRESS:	
		STREET 1:		FAIRFAX FINANCIAL HOLDINGS LTD
		STREET 2:		95 WELLINGTON ST WEST STE 800
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2N7
		BUSINESS PHONE:		4163674941

	MAIL ADDRESS:	
		STREET 1:		FAIRFAX FINANCIAL HOLDINGS LTD
		STREET 2:		95 WELLINGTON ST WEST STE 800
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2N7

	FORMER NAME:	
		FORMER CONFORMED NAME:	FAIRFAX FINANCIAL HOLDINGS LTD
		DATE OF NAME CHANGE:	19931122

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WATSA V PREM ET AL
		CENTRAL INDEX KEY:			0000938869
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33202
		FILM NUMBER:		251610937

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		95 WELLINGTON STREET WEST
		STREET 2:		SUITE 800
		CITY:			TORONTO
		PROVINCE COUNTRY:   	A6
		ZIP:			M5J 2N7

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Under Armour, Inc.
		CENTRAL INDEX KEY:			0001336917
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				521990078
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		101 PERFORMANCE DRIVE
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21230
		BUSINESS PHONE:		410-454-6758

	MAIL ADDRESS:	
		STREET 1:		101 PERFORMANCE DRIVE
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21230
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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    <periodOfReport>2025-12-22</periodOfReport>

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        <issuerName>Under Armour, Inc.</issuerName>
        <issuerTradingSymbol>UA</issuerTradingSymbol>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TORONTO</rptOwnerCity>
            <rptOwnerState>A6</rptOwnerState>
            <rptOwnerZipCode>M5J 2N7</rptOwnerZipCode>
            <rptOwnerStateDescription>ONTARIO, CANADA</rptOwnerStateDescription>
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            <rptOwnerName>FAIRFAX FINANCIAL HOLDINGS LTD/ CAN</rptOwnerName>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TORONTO</rptOwnerCity>
            <rptOwnerState>A6</rptOwnerState>
            <rptOwnerZipCode>M5J 2N7</rptOwnerZipCode>
            <rptOwnerStateDescription>ONTARIO, CANADA</rptOwnerStateDescription>
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                    <value>See Footnote</value>
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        <nonDerivativeTransaction>
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                <transactionPricePerShare>
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                    <value>I</value>
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                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
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            <deemedExecutionDate></deemedExecutionDate>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>620801</value>
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                <transactionPricePerShare>
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                    <footnoteId id="F5"/>
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                <transactionAcquiredDisposedCode>
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                    <value>See Footnote</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
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                <transactionFormType>4</transactionFormType>
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            <transactionTimeliness></transactionTimeliness>
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                <transactionShares>
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                <transactionPricePerShare>
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                    <value>See Footnote</value>
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        <nonDerivativeTransaction>
            <securityTitle>
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            <transactionDate>
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            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>438333</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.3970</value>
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                <sharesOwnedFollowingTransaction>
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                    <value>See Footnote</value>
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        <nonDerivativeTransaction>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
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                <transactionPricePerShare>
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                <natureOfOwnership>
                    <value>See Footnote</value>
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        <nonDerivativeTransaction>
            <securityTitle>
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                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>385850</value>
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                <transactionPricePerShare>
                    <value>4.4200</value>
                    <footnoteId id="F9"/>
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                <sharesOwnedFollowingTransaction>
                    <value>7044934</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>See Footnote</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Shares</value>
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                <transactionCode>P</transactionCode>
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                    <footnoteId id="F10"/>
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                    <value>I</value>
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                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class C Common Shares</value>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
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                <transactionShares>
                    <value>734430</value>
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                <transactionPricePerShare>
                    <value>4.4776</value>
                    <footnoteId id="F11"/>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>7779364</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>See Footnote</value>
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    <footnotes>
        <footnote id="F1">Represents the weighted average price of the Class A Common Shares purchased on December 22, 2025, ranging from a low of $4.4599 to a high of $4.6000 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F2">Represents the weighted average price of the Class C Common Shares purchased on December 22, 2025, ranging from a low of $4.2850 to a high of $4.4000 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F3">These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the Chief Executive Officer and controlling person of Fairfax Financial Holdings Limited through certain holding companies he controls, including The Second 810 Holdco Ltd, The Second 1109 Holdco Ltd, The Sixty Two Investment Company Limited and 12002574 Canada Inc. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.</footnote>
        <footnote id="F4">Represents the weighted average price of the Class A Common Shares purchased on December 23, 2025, ranging from a low of $4.5150 to a high of $4.5500 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F5">Represents the weighted average price of the Class C Common Shares purchased on December 23, 2025, ranging from a low of $4.3550 to a high of $4.3900 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F6">Represents the weighted average price of the Class A Common Shares purchased on December 24, 2025, ranging from a low of $4.5800 to a high of $4.6500 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F7">Represents the weighted average price of the Class C Common Shares purchased on December 24, 2025, ranging from a low of $4.3600 to a high of $4.4000 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F8">Represents the weighted average price of the Class A Common Shares purchased on December 26, 2025, ranging from a low of $4.6050 to a high of $4.6700 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F9">Represents the weighted average price of the Class C Common Shares purchased on December 26, 2025, ranging from a low of $4.3912 to a high of $4.4300 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F10">Represents the weighted average price of the Class A Common Shares purchased on December 29, 2025, ranging from a low of $4.6500 to a high of $4.7700 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
        <footnote id="F11">Represents the weighted average price of the Class C Common Shares purchased on December 29, 2025, ranging from a low of $4.4000 to a high of $4.5400 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ V. Prem Watsa</signatureName>
        <signatureDate>2025-12-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Peter Clarke, President and Chief Operating Officer, on behalf of Fairfax Financial Holdings Limited</signatureName>
        <signatureDate>2025-12-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
