| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NMIH | Restricted Stock Unit (right to receive) | Award | $0 | +40K | +9.37% | $0.00 | 467K | Feb 7, 2024 | Direct | F1 |
| transaction | NMIH | Class A Common Shares, $0.01 par value per share | Tax liability | $0 | -7.12K | -1.52% | $0.00 | 460K | Feb 8, 2024 | Direct | F2 |
| transaction | NMIH | Class A Common Shares, $0.01 par value per share | Sale | -$196K | -6.56K | -1.43% | $29.81 | 453K | Feb 9, 2024 | Direct | F3, F4 |
| holding | NMIH | Class A Common Shares, $0.01 par value per share | 47.2K | Feb 7, 2024 | By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan on February 7, 2024. The restricted stock units vest in three equal annual installments beginning on February 7, 2025. |
| F2 | 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 8, 2023 at a net settlement price equal to the closing stock price on February 8, 2024. The restricted stock units vest in three equal annual installments beginning on February 8, 2024. |
| F3 | The common stock was sold by the reporting person in a series of open market transactions at an average sale price of $29.8099. The range of sale prices on the transaction date was $29.6100 to $30.0450. 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. |
| F4 | Represents 347,640 Class A common shares and 105,658 unvested restricted stock units. |