Robert Owen Smith - 11 Feb 2026 Form 4 Insider Report for NMI Holdings, Inc. (NMIH)

Role
EVP, Chief Risk Officer
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, 20:42:01 UTC
Previous filing
10 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Smith Robert Owen EVP, Chief Risk Officer C/O NMI HOLDINGS, INC., 2100 POWELL STREET, 12TH FL., EMERYVILLE /s/ Augustin Joo, as Attorney-in-Fact 13 Feb 2026 0001739814

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 +13,196 +17% $0.000000 92,415 11 Feb 2026 Direct F1
transaction NMIH Common Shares, $0.01 par value per share Award $0 +38,574 +42% $0.000000 130,989 11 Feb 2026 Direct F2
transaction NMIH Common Shares, $0.01 par value per share Tax liability $0 -19,627 -15% $0.000000 111,362 11 Feb 2026 Direct F3
transaction NMIH Common Shares, $0.01 par value per share Tax liability $0 -2,981 -2.7% $0.000000 108,381 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 38,574 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 83,241 common shares and 25,140 unvested restricted stock units.