Bradley M. Shuster - 25 Feb 2026 Form 4 Insider Report for NMI Holdings, Inc. (NMIH)

Role
Executive Chairman, Director
Signature
/s/ Augustin Joo, as Attorney-in-Fact
Issuer symbol
NMIH
Transactions as of
25 Feb 2026
Net transactions value
-$167,173
Form type
4
Filing time
27 Feb 2026, 18:11:30 UTC
Previous filing
18 Feb 2026
Next filing
03 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SHUSTER BRADLEY M Executive Chairman, Director C/O NMI HOLDINGS, INC., 2100 POWELL STREET 12TH FL., EMERYVILLE /s/ Augustin Joo, as Attorney-in-Fact 27 Feb 2026 0001052831

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NMIH Common Shares, $0.01 par value per share Options Exercise $612,254 +55,158 +13% $11.10 470,569 25 Feb 2026 Direct
transaction NMIH Common Shares, $0.01 par value per share Tax liability $0 -35,601 -7.6% $0.000000 434,968 25 Feb 2026 Direct F1
transaction NMIH Common Shares, $0.01 par value per share Sale $779,427 -19,557 -4.5% $39.85 415,411 26 Feb 2026 Direct F2, F3
holding NMIH Common Shares, $0.01 par value per share 47,150 25 Feb 2026 By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NMIH Stock Option (right to buy) Options Exercise $0 -55,158 -20% $0.000000 220,630 25 Feb 2026 Common Shares, $0.01 par value per share 55,158 $11.10 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy the cashless exercise of certain options granted to the Reporting Person on February 9, 2017 at a net settlement price equal to the closing stock price on February 25, 2026, and withholding taxes due in connection with the exercise of such options. The option vested in full on February 9, 2020.
F2 The common stock was sold by the Reporting Person in a series of open market transactions at a weighted average sale price of $39.8541. The range of sale prices on the transaction date was $39.56 to $40.05. The Reporting Person undertakes to provide, upon request by the SEC staff, NMIH or a security holder of NMIH, full information regarding the shares sold at each price.
F3 Represents 308,130 common shares and 107,281 unvested restricted stock units.
F4 The option vested in full on February 9, 2020.