Bradley M. Shuster - 23 Mar 2026 Form 4 Insider Report for NMI Holdings, Inc. (NMIH)

Reporting relationship: Executive Chairman, Director
Issuer ticker: NMIH
Reported as of: 23 Mar 2026
Net transaction value: -$707,832
SEC form: 4
Accepted by SEC: 25 Mar 2026, 14:15:58 UTC
Prior SEC filing: 19 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Augustin Joo, as Attorney-in-Fact

Key filing fact

Bradley M. Shuster filed Form 4 for NMI Holdings, Inc. (NMIH) on 25 Mar 2026.

Key facts

This page summarizes Bradley M. Shuster's Form 4 filing for NMI Holdings, Inc. (NMIH).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 25 Mar 2026, 14:15.

Change

Previous filing in this sequence was filed on 19 Mar 2026.
Current net transaction value: -$707,832.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001052831 Primary reporting owner

SHUSTER BRADLEY M

Relationship: Executive Chairman, Director
Address: C/O NMI HOLDINGS, INC., 2100 POWELL STREET 12TH FL., EMERYVILLE
Signature: /s/ Augustin Joo, as Attorney-in-Fact
Signature date: 25 Mar 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NMIH transaction

Common Shares, $0.01 par value per share

Options Exercise

Transaction value
Shares: +55,156
Change %: +13%
Price: $11.10^*
Shares after: 470,567
Date: 23 Mar 2026
Ownership: Direct

NMIH transaction

Common Shares, $0.01 par value per share

Tax liability

Transaction value
Shares: -36,203
Change %: -7.7%
Price: $0.000000^*
Shares after: 434,364
Date: 23 Mar 2026
Ownership: Direct
Footnotes: F1

NMIH transaction

Common Shares, $0.01 par value per share

Sale

Transaction value: $707,832
Shares: -18,953
Change %: -4.4%
Price: $37.35
Shares after: 415,411
Date: 24 Mar 2026
Ownership: Direct
Footnotes: F2, F3

NMIH holding

Common Shares, $0.01 par value per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 47,150
Date: 23 Mar 2026
Ownership: By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NMIH transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
Shares: -55,156
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 Mar 2026
Ownership: Direct
Underlying class: Common Shares, $0.01 par value per share
Underlying amount: 55,156
Exercise price: $11.10
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents shares withheld to satisfy the cashless exercise of certain options granted to the Reporting Person on February 9, 2017 at a net settlement price equal to the closing stock price on March 23, 2026, and withholding taxes due in connection with the exercise of such options. The option vested in full on February 9, 2020.

Footnote F2

The common stock was sold by the Reporting Person in a series of open market transactions at a weighted average sale price of $37.3467. The range of sale prices on the transaction date was $36.8850 to $37.6100. 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.

Footnote F3

Represents 363,130 common shares and 52,281 unvested restricted stock units.

Footnote F4

The option vested in full on February 9, 2020.