[Form 4] MBIA Inc. Insider Trading Activity

Rhea-AI Filing Summary

Shasta Theodore, a director of MBIA Inc. (MBI), reported a sale of common stock on 08/12/2025. The filing shows 20,000 shares were sold at $6.15 per share, and following the transaction the reporting person beneficially owned 64,889 shares directly. The Form 4 was signed by an attorney-in-fact on 08/14/2025. The disclosure includes a footnote clarifying that the $6.15 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. No derivative transactions, amendments, or additional compensatory details are reported in this filing.

Insights

Securities Analyst

TL;DR: Insider director sold 20,000 shares, modest reduction to a 64,889-share holding; routine disclosure, appears non-material to operations.

The Form 4 reports a straightforward open-market sale of 20,000 common shares at $6.15 on August 12, 2025, by a company director. The filing contains the standard footnote about price reporting and offers to provide further details on the number of shares sold. There are no derivative transactions or plan-based (10b5-1) indicators noted. For investors, this is a routine insider liquidity event documented per Section 16 requirements and does not, by itself, indicate a change in corporate strategy or financial condition.

Corporate Governance Expert

TL;DR: Disclosure is timely and complete for a single non-derivative sale by a director; governance processes appear followed.

The reporting person is identified as a director and the form indicates an individual filing. The form is signed by an attorney-in-fact, which is acceptable when documented. The absence of accompanying derivative transactions, amendments, or indications of a contractual trading plan suggests this was a direct sale rather than part of an automated plan. From a governance perspective, the filing meets disclosure requirements; the transaction itself does not imply governance concerns based on the information provided.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Shasta Theodore

(Last) (First) (Middle)

C/O MBIA INC.

1 MANHATTANVILLE ROAD

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MBIA INC [ MBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2025		S		20,000(1)	D	$6.15	64,889	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is the share price on August 12, 2025. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold as set forth in this footnote.

	/s/William J. Rizzo, Attorney-in-fact	08/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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