Richard G. Thornberry - 15 May 2025 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role: Chief Executive Officer, Director
Signature: Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer symbol: RDN
Transactions as of: 15 May 2025
Net transactions value: -$5,583,241
Form type: 4
Filing time: 19 May 2025, 19:41:56 UTC
Previous filing: 30 Apr 2025
Next filing: 23 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Thornberry Richard G	Chief Executive Officer, Director	RADIAN GROUP INC., 550 E SWEDESFORD ROAD, #350, WAYNE	Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact	19 May 2025	0001699782

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RDN	Common Stock	Options Exercise	$0	+271,999	+34%	$0.000000	1,081,451	15 May 2025	Direct	F1, F2
transaction	RDN	Common Stock	Options Exercise	$0	+31,477	+2.9%	$0.000000	1,112,928	15 May 2025	Direct	F2, F3
transaction	RDN	Common Stock	Options Exercise	$0	+31,460	+2.8%	$0.000000	1,144,388	15 May 2025	Direct	F2, F4
transaction	RDN	Common Stock	Options Exercise	$0	+25,543	+2.2%	$0.000000	1,169,931	15 May 2025	Direct	F2, F5
transaction	RDN	Common Stock	Options Exercise	$0	+12,179	+1%	$0.000000	1,182,110	15 May 2025	Direct	F2, F6
transaction	RDN	Common Stock	Tax liability	$5,583,241	-164,020	-14%	$34.04	1,018,090	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		-271,999	-100%		0	15 May 2025	Common Stock	271,999		Direct	F1, F2, F8
transaction	RDN	Restricted Stock Units - Time-based Award	Options Exercise		-31,477	-100%		0	15 May 2025	Common Stock	31,477		Direct	F2, F3, F8
transaction	RDN	Restricted Stock Units - Time-based Award	Options Exercise		-31,460	-50%		31,460	15 May 2025	Common Stock	31,460		Direct	F2, F4, F8
transaction	RDN	Restricted Stock Units - Time-based Award	Options Exercise		-25,543	-33%		51,087	15 May 2025	Common Stock	25,543		Direct	F2, F5, F8
transaction	RDN	Restricted Stock Units - Performance Award	Options Exercise		-12,179	-4.1%		287,053	15 May 2025	Common Stock	12,179		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 299,232 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.