Restricted stock grant boosts MBIA (NYSE: MBI) director holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MBIA Inc. director Theodore Shasta reported a grant of restricted common stock. On May 12, 2026, Shasta acquired 16,181 shares at a reference price of $6.18 per share as a stock award, rather than through an open-market purchase.

The award has a one-year cliff vesting schedule, fully vesting on May 12, 2027. After this grant, Shasta holds a total of 66,327 MBIA common shares, including 20,000 shares owned via an Individual Retirement Account.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shasta Theodore

Role null

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

Holdings After Transaction: Common Stock — 66,327 shares (Direct, null)

Footnotes (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. The reporting person via an IRA ("Individual Retirement Account") owns 20,000 shares of the issuer's common stock, which shares are included in the total herein.

Key Figures

Restricted shares granted: 16,181 shares Grant reference price: $6.18 per share Total shares after grant: 66,327 shares +2 more

5 metrics

Restricted shares granted 16,181 shares Restricted Stock grant on May 12, 2026

Grant reference price $6.18 per share Price for restricted stock granted May 12, 2026

Total shares after grant 66,327 shares Common stock holdings following the transaction

IRA-held shares included 20,000 shares Shares owned via Individual Retirement Account

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

Key Terms

Restricted Stock, cliff vesting, Individual Retirement Account, Form 4

4 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"

Individual Retirement Account financial

"via an IRA ("Individual Retirement Account") owns 20,000 shares of the issuer's common stock"

Form 4 regulatory

"INSIDER FILING DATA (Form 4): {"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 04:34 PM

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^*

Shasta Theodore

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/12/2026		A		16,181⁽¹⁾	A	$6.18	66,327⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

2. The reporting person via an IRA ("Individual Retirement Account") owns 20,000 shares of the issuer's common stock, which shares are included in the total herein.

	/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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MBIA (MBI) director Theodore Shasta report?

MBIA director Theodore Shasta reported receiving 16,181 shares of restricted common stock as a stock award. The grant was recorded at $6.18 per share and is compensation-related, rather than an open-market purchase or sale of MBIA shares.

At what price was the MBIA (MBI) restricted stock grant to Theodore Shasta recorded?

The restricted stock grant to Theodore Shasta was recorded at $6.18 per MBIA common share. This price is a reference value for the award and does not represent an open-market trade, as the shares were granted as part of director compensation.

When do Theodore Shasta’s MBIA (MBI) restricted shares vest?

The restricted shares granted to Theodore Shasta have a one-year cliff vesting schedule, vesting in full on May 12, 2027. Until that vesting date, the award remains restricted stock subject to the company’s vesting conditions and applicable plan terms.

How many MBIA (MBI) shares does Theodore Shasta hold after this Form 4 filing?

Following the restricted stock grant, Theodore Shasta holds 66,327 MBIA common shares in total. This total includes 20,000 shares owned through an Individual Retirement Account, as disclosed in the Form 4 footnotes accompanying the transaction.

Is Theodore Shasta’s MBIA (MBI) restricted stock grant an open-market purchase?

No, the 16,181 MBIA shares are a restricted stock grant classified as a grant, award, or other acquisition. The Form 4 identifies the transaction with code “A,” indicating compensation-related issuance rather than an open-market buy or sell transaction.