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    SEC Form SCHEDULE 13G filed by Under Armour Inc.

    12/18/25 8:02:40 PM ET
    $UAA
    Apparel
    Consumer Discretionary
    Get the next $UAA alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    Under Armour, Inc.

    (Name of Issuer)


    Class A Common Stock

    (Title of Class of Securities)


    904311107

    (CUSIP Number)


    11/07/2025

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox not checked   Rule 13d-1(b)
    Checkbox checked   Rule 13d-1(c)
    Checkbox not checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    V. PREM WATSA
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CANADA (FEDERAL LEVEL)
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    16,991,049.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    16,991,049.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    16,991,049.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    9.0 %
    12Type of Reporting Person (See Instructions)

    IN

    Comment for Type of Reporting Person:  This constitutes a late filing due to an inadvertent administrative error.


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    THE SECOND 810 HOLDCO LTD.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CANADA (FEDERAL LEVEL)
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    16,991,049.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    16,991,049.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    16,991,049.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    9.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    THE SECOND 1109 HOLDCO LTD.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CANADA (FEDERAL LEVEL)
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    16,991,049.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    16,991,049.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    16,991,049.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    9.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    THE SIXTY TWO INVESTMENT COMPANY LIMITED
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BRITISH COLUMBIA, CANADA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    16,991,049.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    16,991,049.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    16,991,049.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    9.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    12002574 CANADA INC.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CANADA (FEDERAL LEVEL)
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    16,991,049.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    16,991,049.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    16,991,049.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    9.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    FAIRFAX FINANCIAL HOLDINGS LIMITED
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CANADA (FEDERAL LEVEL)
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    16,991,049.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    16,991,049.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    16,991,049.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    9.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    FFHL GROUP LTD.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CANADA (FEDERAL LEVEL)
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    12,087,583.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    12,087,583.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    12,087,583.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.4 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    FAIRFAX (US) INC.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    12,087,583.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    12,087,583.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    12,087,583.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.4 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ODYSSEY GROUP HOLDINGS, INC.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    4,639,700.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    4,639,700.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,639,700.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.5 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ODYSSEY REINSURANCE COMPANY
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CONNECTICUT
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    4,639,700.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    4,639,700.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,639,700.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.5 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    CRUM & FORSTER HOLDINGS CORP.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    7,447,883.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    7,447,883.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    7,447,883.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    3.9 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    UNITED STATES FIRE INSURANCE COMPANY
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    7,447,883.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    7,447,883.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    7,447,883.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    3.9 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    THE NORTH RIVER INSURANCE COMPANY
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    NEW JERSEY
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    1,526,967.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    1,526,967.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    1,526,967.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.8 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    FAIRFAX UK HOLDINGS LIMITED
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED KINGDOM
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    700,000.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    700,000.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    700,000.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.4 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    BRIT GROUP HOLDINGS LIMITED
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED KINGDOM
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    700,000.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    700,000.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    700,000.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.4 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    BRIT INSURANCE HOLDINGS LIMITED
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED KINGDOM
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    700,000.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    700,000.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    700,000.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.4 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    BRIT REINSURANCE (BERMUDA) LIMITED
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BERMUDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    700,000.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    700,000.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    700,000.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.4 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    1102952 B.C. UNLIMITED LIABILITY COMPANY
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BRITISH COLUMBIA, CANADA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    4,203,466.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    4,203,466.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,203,466.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.2 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ALLIED WORLD ASSURANCE COMPANY HOLDINGS, LTD
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BERMUDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    4,203,466.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    4,203,466.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,203,466.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.2 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ALLIED WORLD ASSURANCE COMPANY HOLDINGS I, LTD
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BERMUDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    4,203,466.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    4,203,466.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,203,466.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.2 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ALLIED WORLD ASSURANCE COMPANY, LTD
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BERMUDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    4,203,466.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    4,203,466.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,203,466.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.2 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ALLIED WORLD ASSURANCE HOLDINGS (IRELAND) LTD
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BERMUDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    3,724,300.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    3,724,300.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    3,724,300.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ALLIED WORLD ASSURANCE HOLDINGS (U.S.) INC.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BERMUDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    3,724,300.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    3,724,300.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    3,724,300.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ALLIED WORLD INSURANCE COMPANY
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    NEW HAMPSHIRE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    3,724,300.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    3,724,300.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    3,724,300.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    2.0 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    AW UNDERWRITERS INC.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    607,700.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    607,700.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    607,700.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.3 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    CUSIP No.
    904311107


    1Names of Reporting Persons

    ALLIED WORLD SPECIALTY INSURANCE COMPANY
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    607,700.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    607,700.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    607,700.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.3 %
    12Type of Reporting Person (See Instructions)

    CO


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    Under Armour, Inc.
    (b)Address of issuer's principal executive offices:

    101 PERFORMANCE DRIVE, BALTIMORE MD 21230
    Item 2. 
    (a)Name of person filing:

    (i) V. PREM WATSA (ii) THE SECOND 810 HOLDCO LTD. (iii) THE SECOND 1109 HOLDCO LTD. (iv) THE SIXTY TWO INVESTMENT COMPANY LIMITED (v) 12002574 CANADA INC. (vi) FAIRFAX FINANCIAL HOLDINGS LIMITED (vii) FFHL GROUP LTD. (viii) FAIRFAX (US) INC. (ix) ODYSSEY GROUP HOLDINGS, INC. (x) ODYSSEY REINSURANCE COMPANY (xi) CRUM & FORSTER HOLDINGS CORP. (xii) UNITED STATES FIRE INSURANCE COMPANY (xiii) THE NORTH RIVER INSURANCE COMPANY (xiv) FAIRFAX UK HOLDINGS LIMITED (xv) BRIT GROUP HOLDINGS LIMITED (xvi) BRIT INSURANCE HOLDINGS LIMITED (xvii) BRIT REINSURANCE (BERMUDA) LIMITED (xviii) 1102952 B.C. UNLIMITED LIABILITY COMPANY (xix) ALLIED WORLD ASSURANCE COMPANY HOLDINGS, LTD (xx) ALLIED WORLD ASSURANCE COMPANY HOLDINGS I, LTD (xxi) ALLIED WORLD ASSURANCE COMPANY, LTD (xxii) ALLIED WORLD ASSURANCE HOLDINGS (IRELAND) LTD (xxiii) ALLIED WORLD ASSURANCE HOLDINGS (U.S.) INC. (xxiv) ALLIED WORLD INSURANCE COMPANY (xxv) AW UNDERWRITERS INC. (xxvi) ALLIED WORLD SPECIALTY INSURANCE COMPANY
    (b)Address or principal business office or, if none, residence:

    (i) 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7 (ii) 95 Wellington Street West, Suite 802, Toronto, Ontario, Canada M5J 2N7 (iii) 95 Wellington Street West, Suite 802, Toronto, Ontario, Canada M5J 2N7 (iv) 1600 Cathedral Place, 925 West Georgia St., Vancouver, British Columbia, Canada V6C 3L2 (v) 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7 (vi) 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7 (vii) 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7 (viii) 401 East Corporate Drive, Suite 200, Lewisville, Texas, 75057, USA (ix) 300 First Stamford Place, Stamford, Connecticut, USA 06902 (x) 300 First Stamford Place, Stamford, Connecticut, USA 06902 (xi) 1209 Orange Street, Wilmington, Delaware, USA 19801 (xii) 1209 Orange Street, Wilmington, Delaware, USA 19801 (xiii) 305 Madison Avenue, Morristown, New Jersey, USA, 07962 (xiv) The Leadenhall Building, 122 Leadenhall Street, London, United Kingdom, EC3V 4AB; (xv) The Leadenhall Building, 122 Leadenhall Street, London, United Kingdom, EC3V 4AB; (xvi) The Leadenhall Building, 122 Leadenhall Street, London, United Kingdom, EC3V 4AB; (xvii) Ground Floor, Chesney House, The Waterfront, 96 Pitts Bay Road Hamilton, Pembroke, HM08 Bermuda. (xviii) 1600 Cathedral Place, 925 West Georgia St., Vancouver, British Columbia, Canada V6C 3L2 (xix) 27 Richmond Road, Pembroke, Bermuda HM 08 (xx) 27 Richmond Road, Pembroke, Bermuda HM 08 (xxi) 27 Richmond Road, Pembroke, Bermuda HM 08 (xxii) 27 Richmond Road, Pembroke, Bermuda HM 08 (xxiii) 199 Water Street, 26th Floor, New York, New York USA 10038 (xxiv) 199 Water Street, 26th Floor, New York, New York USA 10038 (xxv) 199 Water Street, 26th Floor, New York, New York USA 10038 (xxvi) 199 Water Street, 26th Floor, New York, New York USA 10038
    (c)Citizenship:

    (i) CANADA (ii) CANADA (iii) CANADA (iv) BRITISH COLUMBIA (v) CANADA (vi) CANADA (vii) CANADA (viii) DELAWARE (ix) DELAWARE (x) CONNECTICUT (xi) DELAWARE (xii) DELAWARE (xiii) NEW JERSEY (xiv) UNITED KINGDOM (xv) UNITED KINGDOM (xvi) UNITED KINGDOM (xvii) BERMUDA (xviii) CANADA (xix) BERMUDA (xx) BERMUDA (xxi) BERMUDA (xxii) BERMUDA (xxiii) DELAWARE (xxiv) NEW HAMPSHIRE (xxv) DELAWARE (xxvi) DELAWARE
    (d)Title of class of securities:

    Class A Common Stock
    (e)CUSIP No.:

    904311107
    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    (a)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox not checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox not checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    The aggregate number of shares of Class A Common Stock ("Class A Shares") that are beneficially owned by each of the Reporting Persons are set forth in rows 9 and 11 of the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference. Neither the filing of this Schedule 13G nor the information contained herein shall be deemed to constitute an affirmation by any of the Reporting Persons that such person is the beneficial owner of the referred to herein for purposes of Section 13(d) or 13(g) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.
    (b)Percent of class:

    The percentage of Class A Shares that are beneficially owned by each of the Reporting Persons are set forth in rows 9 and 11 of the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference. The percentage of Class A Shares beneficially owned by each of the Reporting Persons was calculated based on 188,834,386 Class A Shares outstanding as of October 31, 2025, as reported by Under Armour, Inc.
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    The number of Class A Shares as to which each of the Reporting Persons has sole voting power is set forth in row 5 on the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

     (ii) Shared power to vote or to direct the vote:

    The number of Class A Shares as to which each of the Reporting Persons has shared voting power is set forth in row 6 on the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

     (iii) Sole power to dispose or to direct the disposition of:

    The number of Class A Shares as to which each of the Reporting Persons has sole dispositive power is set forth in row 7 on the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

     (iv) Shared power to dispose or to direct the disposition of:

    The number of Class A Shares as to which each of the Reporting Persons has shared dispositive power is set forth in row 8 on the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Not Applicable
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    Not Applicable
    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
     
    Not Applicable
    Item 8.Identification and Classification of Members of the Group.
     
    If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.


    See Exhibit No. 99.1 attached.
    Item 9.Notice of Dissolution of Group.
     
    Not Applicable

    Item 10.Certifications:
     
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    V. PREM WATSA
     
    Signature:/s/ V. Prem Watsa
    Name/Title:V. Prem Watsa
    Date:12/18/2025
     
    THE SECOND 810 HOLDCO LTD.
     
    Signature:/s/ V. Prem Watsa
    Name/Title:V. Prem Watsa, Director
    Date:12/18/2025
     
    THE SECOND 1109 HOLDCO LTD.
     
    Signature:/s/ V. Prem Watsa
    Name/Title:V. Prem Watsa, President
    Date:12/18/2025
     
    THE SIXTY TWO INVESTMENT COMPANY LIMITED
     
    Signature:/s/ V. Prem Watsa
    Name/Title:V. Prem Watsa, President
    Date:12/18/2025
     
    12002574 CANADA INC.
     
    Signature:/s/ V. Prem Watsa
    Name/Title:V. Prem Watsa, President
    Date:12/18/2025
     
    FAIRFAX FINANCIAL HOLDINGS LIMITED
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, President and Chief Operating Officer
    Date:12/18/2025
     
    FFHL GROUP LTD.
     
    Signature:/s/ V. Prem Watsa
    Name/Title:V. Prem Watsa, President
    Date:12/18/2025
     
    FAIRFAX (US) INC.
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ODYSSEY GROUP HOLDINGS, INC.
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ODYSSEY REINSURANCE COMPANY
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    CRUM & FORSTER HOLDINGS CORP.
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    UNITED STATES FIRE INSURANCE COMPANY
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    THE NORTH RIVER INSURANCE COMPANY
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    FAIRFAX UK HOLDINGS LIMITED
     
    Signature:/s/ Gavin Wilkinson
    Name/Title:Gavin Wilkinson, Group Chief Financial Officer
    Date:12/18/2025
     
    BRIT GROUP HOLDINGS LIMITED
     
    Signature:/s/ Gavin Wilkinson
    Name/Title:Gavin Wilkinson, Group Chief Financial Officer
    Date:12/18/2025
     
    BRIT INSURANCE HOLDINGS LIMITED
     
    Signature:/s/ Gavin Wilkinson
    Name/Title:Gavin Wilkinson, Group Chief Financial Officer
    Date:12/18/2025
     
    BRIT REINSURANCE (BERMUDA) LIMITED
     
    Signature:/s/ Gavin Wilkinson
    Name/Title:Gavin Wilkinson, Group Chief Financial Officer
    Date:12/18/2025
     
    1102952 B.C. UNLIMITED LIABILITY COMPANY
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ALLIED WORLD ASSURANCE COMPANY HOLDINGS, LTD
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ALLIED WORLD ASSURANCE COMPANY HOLDINGS I, LTD
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ALLIED WORLD ASSURANCE COMPANY, LTD
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ALLIED WORLD ASSURANCE HOLDINGS (IRELAND) LTD
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ALLIED WORLD ASSURANCE HOLDINGS (U.S.) INC.
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ALLIED WORLD INSURANCE COMPANY
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    AW UNDERWRITERS INC.
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025
     
    ALLIED WORLD SPECIALTY INSURANCE COMPANY
     
    Signature:/s/ Peter Clarke
    Name/Title:Peter Clarke, Attorney-In-Fact
    Date:12/18/2025

    Comments accompanying signature:  1. Power of attorney, dated March 9, 2020 (incorporated by reference to Exhibit 8 to the Schedule 13D filed by certain of the Reporting Persons with the SEC on March 9, 2020). https://www.sec.gov/Archives/edgar/data/915191/000110465920030836/a20-11674_1ex8.htm 2 . Power of attorney, dated June 14, 2021 (incorporated by reference to Exhibit 5 to the Schedule 13D filed by certain of the Reporting Persons with the SEC on June 14, 2021) . https://www.sec.gov/Archives/edgar/data/915191/000110465921080891/tm2119584d1_ex5.htm
    Exhibit Information

    Exhibit 99.1 Members of filing group Exhibit 99.2 Joint Filing Agreement dated as of December 18, 2025 among the Reporting Persons.

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    Amendment: SEC Form SC 13G/A filed by Under Armour Inc.

    SC 13G/A - Under Armour, Inc. (0001336917) (Subject)

    11/7/24 9:24:55 AM ET
    $UAA
    Apparel
    Consumer Discretionary