MBIA SEC Filings

MBIA Inc. reported that one of its assistant vice presidents acquired additional common stock through a performance-based award. On 12/31/2025, the officer received 6,771 shares of MBIA common stock at a price of $7.16 per share, bringing total beneficial ownership to 850,255 shares held directly. The explanation notes that these additional shares, including target performance and dividend-related amounts, are being added to performance shares originally granted on 3/3/2023, with the combined award scheduled to vest in three equal installments on 3/3/2026, 3/3/2027, and 3/3/2028.

MBIA Inc. reported that an officer serving as Assistant Vice President acquired additional common stock through an equity award. On 12/31/2025, the officer acquired 4,402 shares of MBIA common stock at $7.16 per share, bringing total directly owned shares to 584,487.

The additional shares relate to a performance share grant originally awarded on 3/3/2023. After including these incremental shares for target performance and dividend value, the updated total performance shares are scheduled to vest in three equal installments: one-third on 3/3/2026, one-third on 3/3/2027, and the remaining third on 3/3/2028.

MBIA Inc. insider reports additional stock grant tied to performance shares. An officer of MBIA Inc. acquired 4,402 shares of common stock on 12/31/2025 at $7.16 per share, bringing their directly held beneficial ownership to 585,504 shares.

The filing explains that these additional shares reflect both target performance outcomes and dividend value credited to performance shares originally granted on 3/3/2023. The updated total performance share award is scheduled to vest in three equal installments: one-third on 3/3/2026, one-third on 3/3/2027, and the final third on 3/3/2028, aligning the officer’s equity compensation with multi‑year performance and retention goals.

MBIA Inc. reported a Q3 2025 net loss of $8 million as total revenues were $15 million and total expenses were $22 million. The quarter included net losses on financial instruments and foreign exchange of $12 million and interest expense of $50 million, partly offset by a $50 million benefit in losses and loss adjustment.

For the nine months, MBIA recorded a net loss of $126 million on revenues of $52 million. Operating cash flow turned positive at $48 million year‑to‑date. On the balance sheet, total assets were $2,060 million versus $2,168 million at year‑end 2024, while long‑term debt rose to $2,853 million. Loss and LAE reserves declined to $443 million from $526 million, and insurance loss recoverable decreased to $39 million from $185 million. As of October 31, 2025, 50,493,626 common shares were outstanding.

MBIA Inc. reported third-quarter 2025 results, showing a consolidated GAAP net loss of $8 million (−$0.17 per share), an improvement from a $56 million loss a year ago. The change was driven primarily by a losses and LAE benefit tied to National Public Finance Guarantee Corporation’s PREPA exposure, including the sale of custodial receipts and higher estimated recoveries.

Non-GAAP Adjusted Net Income was $51 million ($1.03 per diluted share) versus an Adjusted Net Loss of $174 thousand last year. Year-to-date, MBIA posted a GAAP net loss of $126 million (−$2.57 per diluted share), with non-GAAP Adjusted Net Income of $35 million ($0.70 per diluted share).

As of September 30, 2025, liquidity totaled $354 million. No shares were repurchased in the quarter; as of October 31, 2025, remaining authorization was $71 million with 50.5 million shares outstanding. National reported statutory capital of $1.0 billion, claims-paying resources of $1.5 billion, and gross par outstanding of $23.2 billion (leverage 23:1). A webcast and conference call is scheduled for November 5 at 8:00 AM ET.

The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 2,508,097 shares of MBIA Inc. (MBI) common stock, representing 4.96% of the class as of 09/30/2025.

Vanguard reports 0 shares with sole voting power and 267,530 shares with shared voting power. It has sole dispositive power over 2,222,392 shares and shared dispositive power over 285,705 shares. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Vanguard notes its clients have rights to dividends or sale proceeds tied to these securities, and no single client’s interest exceeds five percent of the class.

Shasta Theodore, a director of MBIA Inc. (MBI), reported a sale of company stock on August 27, 2025. The Form 4 shows 6,382 shares sold at $7.90 per share, and after the reported transaction the reporting person directly beneficially owned 50,146 shares. The filing identifies the reporting person as a director and was signed on behalf of the reporting person by attorney-in-fact William J. Rizzo on August 28, 2025. The footnote clarifies the $7.90 price is the share price on August 27, 2025, and notes the reporting person will provide details about the number of shares sold on request.

Diane L. Dewbrey, a director of MBIA Inc. (MBI), reported a sale of common stock on 08/21/2025. The filing shows a transaction coded S for the disposition of 4,975 shares at a price of $7.15 per share, leaving the reporting person with 105,017 shares of MBIA common stock as direct beneficial ownership. The footnote clarifies the reported price is the share price on the transaction date and that the reporting person will provide, upon request, full information about the number of shares sold.

MBIA Inc. director Shasta Theodore reported a sale of 8,361 shares of MBIA common stock on 08/19/2025 at a price of $6.71 per share, reducing her beneficial holdings to 56,528 shares. The Form 4 indicates the transaction was a direct sale and the reported price is the share price on the transaction date. The filing was signed by an attorney-in-fact on behalf of the reporting person. No derivative transactions or other equity changes are reported in this Form 4.