Michael Curry Montgomery - 09 Sep 2022 Form 4 Insider Report for NMI Holdings, Inc. (NMIH)

Role
Director
Signature
/s/ Lynn Zheng as Attorney-in-Fact
Issuer symbol
NMIH
Transactions as of
09 Sep 2022
Net transactions value
-$398,520
Form type
4
Filing time
13 Sep 2022, 16:08:04 UTC
Previous filing
18 May 2022
Next filing
15 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NMIH Class A Common Shares, $0.01 par value per share Options Exercise $378,130 +37,813 +94% $10.00 78,237 09 Sep 2022 Direct
transaction NMIH Class A Common Shares, $0.01 par value per share Sale $398,520 -19,630 -25% $20.30 58,607 09 Sep 2022 Direct F1, F2

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 $378,130 -37,813 -100% $10.00 0 09 Sep 2022 Class A Common Shares, $0.01 par value per share 37,813 $10.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The common stock was sold by the reporting person in a series of open market transactions on the transaction date at a weighted average sale price of $20.3016. The range of prices was $20.25 to $20.37. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a securityholder of the issuer, full information regarding the number of shares sold at each price.
F2 Represents 51,667 Class A common shares and 6,940 unvested restricted stock units.
F3 The options vested in full on November 8, 2015.