William J. Leatherberry - 11 Feb 2026 Form 4 Insider Report for NMI Holdings, Inc. (NMIH)

Role: Chief Admin. Officer & GC
Signature: /s/ Augustin Joo, as Attorney-in-Fact
Issuer symbol: NMIH
Transactions as of: 11 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 13 Feb 2026, 20:35:23 UTC
Previous filing: 10 Feb 2026
Next filing: 27 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Leatherberry William J	Chief Admin. Officer & GC	C/O NMI HOLDINGS, INC., 2100 POWELL ST., EMERYVILLE	/s/ Augustin Joo, as Attorney-in-Fact	13 Feb 2026	0001422024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NMIH	Restricted Stock Unit (right to receive)	Award	$0	+18,233	+15%	$0.000000	143,436	11 Feb 2026	Direct	F1
transaction	NMIH	Common Shares, $0.01 par value per share	Award	$0	+50,496	+35%	$0.000000	193,932	11 Feb 2026	Direct	F2
transaction	NMIH	Common Shares, $0.01 par value per share	Tax liability	$0	-25,693	-13%	$0.000000	168,239	11 Feb 2026	Direct	F3
transaction	NMIH	Common Shares, $0.01 par value per share	Tax liability	$0	-4,005	-2.4%	$0.000000	164,234	12 Feb 2026	Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan on February 11, 2026. The restricted stock units vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary of the grant date.
F2	On February 8, 2023, the reporting person was granted performance-based restricted stock units (PRSUs) pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan. Each PRSU represents a contingent right to receive shares of NMIH's common shares upon settlement. The PRSUs vest at the end of the three-year period following the grant on the date that the Compensation Committee of the Board of Directors certifies attainment, based on NMIH's satisfaction of certain performance criteria. The performance criteria were met on February 11, 2026, resulting in the issuance of 50,496 vested PRSUs.
F3	Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of the PRSUs granted to the reporting person on February 8, 2023 at a net settlement price equal to the closing stock price on February 11, 2026.
F4	Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of certain restricted stock units granted to the reporting person on February 12, 2025 at a net settlement price equal to the closing stock price on February 12, 2026. The shares underlying these restricted stock units vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary of the grant date.
F5	Represents 129,801 common shares and 34,433 unvested restricted stock units.