MBIA (MBI) assistant VP disposes 8,668 shares in tax-withholding Form 4

Rhea-AI Filing Summary

MBIA Inc. Assistant Vice President Daniel M. Avitabile reported a Form 4 transaction involving company common stock. On March 4, 2026, he disposed of 8,668 shares at $6.88 per share through a tax-withholding disposition, where shares were surrendered to MBIA to cover tax liabilities upon the vesting of restricted stock. After this transaction and an adjustment for retirement plan shares, he directly held 650,527 common shares.

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

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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^*

Avitabile Daniel M.

(Last) (First) (Middle)

C/O MBIA INC.

1 MANHATTANVILLE ROAD, SUITE 202

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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	03/04/2026		F		8,668(1)	D	$6.88	650,527(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

2. Balance reflects adjustment for retirement plan shares.

	/s/ William J. Rizzo, Attorney-in-Fact	03/05/2026
	** 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.

FAQ

What insider transaction did MBIA (MBI) report for Daniel M. Avitabile?

MBIA reported that Assistant Vice President Daniel M. Avitabile disposed of 8,668 common shares. The shares were surrendered to the company to cover tax liabilities arising from the vesting of restricted stock, rather than being sold on the open market.

Why were Daniel M. Avitabile’s MBIA (MBI) shares disposed of in this Form 4?

The 8,668 MBIA shares were surrendered to the issuer to pay tax liabilities triggered by vesting restricted stock. This tax-withholding disposition is a common administrative mechanism and differs from a discretionary open-market sale of shares by an insider.

How many MBIA (MBI) shares does Daniel M. Avitabile hold after this transaction?

After the reported transaction and a balance adjustment for retirement plan shares, Daniel M. Avitabile directly holds 650,527 MBIA common shares. This figure reflects his updated beneficial ownership following the tax-withholding disposition on March 4, 2026.

What was the price used for Daniel M. Avitabile’s MBIA (MBI) tax-withholding disposition?

The tax-withholding disposition used a price of $6.88 per MBIA common share for the 8,668 surrendered shares. This value is used to determine the amount of tax liability satisfied by delivering stock back to the issuer instead of paying cash.

Does the MBIA (MBI) Form 4 indicate an open-market sale by Daniel M. Avitabile?

No, the Form 4 describes a tax-withholding disposition, where shares were surrendered to MBIA to pay tax liabilities on vested restricted stock. It does not describe an open-market sale initiated to monetize shares for investment or personal liquidity purposes.