Edward J. Hoffman - 15 May 2025 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role: Sr. EVP, General Counsel
Signature: Edward J. Hoffman /s/
Issuer symbol: RDN
Transactions as of: 15 May 2025
Net transactions value: -$1,314,216
Form type: 4
Filing time: 19 May 2025, 19:32:33 UTC
Previous filing: 26 Aug 2024
Next filing: 23 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hoffman Edward J	Sr. EVP, General Counsel	RADIAN GROUP INC., 550 E SWEDESFORD ROAD, #350, WAYNE	Edward J. Hoffman /s/	19 May 2025	0001439483

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RDN	Common Stock	Options Exercise	$0	+69,884	+44%	$0.000000	228,853	15 May 2025	Direct	F1, F2
transaction	RDN	Common Stock	Options Exercise	$0	+6,927	+3%	$0.000000	235,780	15 May 2025	Direct	F2, F3
transaction	RDN	Common Stock	Options Exercise	$0	+6,293	+2.7%	$0.000000	242,073	15 May 2025	Direct	F2, F4
transaction	RDN	Common Stock	Options Exercise	$0	+5,536	+2.3%	$0.000000	247,609	15 May 2025	Direct	F2, F5
transaction	RDN	Common Stock	Options Exercise	$0	+2,585	+1%	$0.000000	250,194	15 May 2025	Direct	F2, F6
transaction	RDN	Common Stock	Tax liability	$1,314,216	-38,608	-15%	$34.04	211,586	15 May 2025	Direct	F7

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	RDN	Restricted Stock Units - Performance Award	Options Exercise		-69,884	-100%		0	15 May 2025	Common Stock	69,884		Direct	F1, F2, F8
transaction	RDN	Restricted Stock Units - Time-based Award	Options Exercise		-6,927	-100%		0	15 May 2025	Common Stock	6,927		Direct	F2, F3, F8
transaction	RDN	Restricted Stock Units - Time-based Award	Options Exercise		-6,293	-50%		6,294	15 May 2025	Common Stock	6,293		Direct	F2, F4, F8
transaction	RDN	Restricted Stock Units - Time-based Award	Options Exercise		-5,536	-33%		11,074	15 May 2025	Common Stock	5,536		Direct	F2, F5, F8
transaction	RDN	Restricted Stock Units - Performance Award	Options Exercise		-2,585	-3.9%		63,251	15 May 2025	Common Stock	2,585		Direct	F2, F6, F8, F9, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents distribution of shares of common stock related to RSUs that were granted May 12, 2021, which vested on May 15, 2024 and were subject to a one-year post-vest hold.
F2	Each RSU represents a contingent right to receive one share of common stock.
F3	Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.
F4	Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023.
F5	Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024.
F6	Pursuant to the terms of the Company's equity incentive plan, represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 11, 2022, which are subject to a one-year post vest holding period.
F7	Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon: (a) the distribution of the time-based RSUs granted on May 11, 2022, May 17, 2023, and May 22, 2024; (b) the vesting of 65,836 performance-based RSUs granted May 11, 2022, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 12, 2021, following completion of the one-year hold period after vesting of the RSUs.
F8	Not Applicable
F9	Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F10	Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of performance-based RSUs granted May 11, 2022.