MBIA (NYSE: MBI) director receives 16,181-share restricted stock grant at $6.18

Rhea-AI Filing Summary

GILBERT STEVEN J reported acquisition or exercise transactions in this Form 4 filing.

MBIA Inc. director Steven J. Gilbert received a grant of 16,181 shares of Common Stock as restricted stock. The award was valued at $6.18 per share on May 12, 2026 and is classified as a grant or award, not an open-market purchase. Following this grant, Gilbert directly holds 125,423 shares of MBIA common stock. The restricted stock carries a one-year cliff vesting schedule, with all granted shares scheduled to vest on May 12, 2027.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GILBERT STEVEN J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	16,181	$6.18	$100K

Holdings After Transaction: Common Stock — 125,423 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 16,181 shares Grant price per share: $6.18 per share Total shares after transaction: 125,423 shares +1 more

4 metrics

Restricted stock grant 16,181 shares Common Stock granted May 12, 2026

Grant price per share $6.18 per share Restricted Stock granted May 12, 2026

Total shares after transaction 125,423 shares Director’s direct holdings following grant

Cliff vesting date May 12, 2027 One-year cliff vesting for restricted stock

Key Terms

Restricted Stock, cliff vesting, Grant, award, or other acquisition

3 terms

Restricted Stock financial

"Restricted Stock granted on May 12, 2026 at a price of $6.18 per share"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

cliff vesting financial

"with 1 year cliff vesting on May 12, 2027"

Grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

GILBERT STEVEN J

(Last) (First) (Middle)

C/O MBIA INC.

1 MANHATTANVILLE ROAD, SUITE 202

(Street)

PURCHASE NEW YORK

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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

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

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

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	05/12/2026		A		16,181(1)	A	$6.18	125,423	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. Restricted Stock granted on May 12, 2026 at a price of $6.18 per share with 1 year cliff vesting on May 12, 2027.

	/s/ William J. Rizzo, Attorney-in-fact	05/13/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did MBIA (MBI) director Steven J. Gilbert report in this Form 4?

Steven J. Gilbert reported receiving 16,181 shares of MBIA common stock as a restricted stock grant. The shares were awarded at $6.18 per share on May 12, 2026, increasing his direct holdings to 125,423 shares in total after the transaction.

Was the MBIA (MBI) Form 4 transaction a market purchase or a stock grant?

The transaction was a stock grant, not a market purchase. Gilbert received 16,181 restricted shares classified as a grant, award, or other acquisition, at a reference price of $6.18 per share, as part of compensation rather than through open-market buying.

What is the vesting schedule for Steven J. Gilbert’s MBIA (MBI) restricted stock?

The restricted stock has a one-year cliff vesting schedule. All 16,181 granted shares are scheduled to vest on May 12, 2027, meaning no shares vest before that date and the entire grant vests at once after one year.

How many MBIA (MBI) shares does Steven J. Gilbert hold after this Form 4 transaction?

After the restricted stock grant, Gilbert directly holds 125,423 shares of MBIA common stock. This total reflects his updated ownership position immediately following the award of 16,181 restricted shares reported in the Form 4 filing.

What does the $6.18 price per share mean in the MBIA (MBI) Form 4 filing?

The $6.18 price per share is the grant price used for the restricted stock award. It reflects the value assigned to each of the 16,181 shares granted on May 12, 2026, for reporting and compensation purposes, not a price paid in an open-market transaction.