MBIA (NYSE: MBI) executive reports stock grant and tax share surrender in Form 4

Rhea-AI Filing Summary

MBIA Inc. assistant vice president Adam T. Bergonzi reported a stock-based compensation grant and related tax share surrender. He acquired 115,385 shares of common stock at $6.50 per share as a grant, with time-based shares vesting in equal installments on the third, fourth, and fifth anniversaries of the grant date, subject to continued employment. He simultaneously disposed of 9,098 shares at $6.50 per share to cover tax withholding upon vesting of restricted stock. Following these transactions, his directly held common stock position was 956,542 shares, including an adjustment for retirement plan 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^*

Bergonzi Adam T.

(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)
03/03/2026

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	03/03/2026		A		115,385(1)	A	$6.5	965,640(2)	D
Common Stock	03/03/2026		F		9,098(3)	D	$6.5	956,542(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. Time-based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

2. Balance reflects adjustment for retirement plan shares.

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

	/s/ William J. Rizzo, Attorney-in-Fact	03/04/2026
	** 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 transactions did MBIA (MBI) executive Adam T. Bergonzi report?

Adam T. Bergonzi reported receiving a grant of 115,385 MBIA common shares at $6.50 per share and surrendering 9,098 shares at the same price for tax withholding. These transactions reflect stock-based compensation and related tax settlement rather than open-market trading.

How many MBIA (MBI) shares did the executive acquire in the Form 4 filing?

The executive acquired 115,385 MBIA common shares through a grant/award transaction at $6.50 per share. According to the disclosure, these are time-based restricted shares that vest in three equal installments over the third, fourth, and fifth anniversaries of the grant date, subject to continued employment.

Why did Adam T. Bergonzi dispose of MBIA (MBI) shares in this Form 4?

He disposed of 9,098 MBIA shares in a tax-withholding transaction, not an open-market sale. The shares were surrendered to the issuer to pay tax liability upon vesting of restricted stock, a common mechanism to satisfy taxes on equity compensation.

What is Adam T. Bergonzi’s MBIA (MBI) share ownership after these transactions?

After the reported grant and tax-withholding disposition, Adam T. Bergonzi directly holds 956,542 MBIA common shares. The filing notes this balance reflects an adjustment for retirement plan shares, consolidating his equity position following the March 3, 2026 transactions.

How do the granted MBIA (MBI) shares vest for the reported executive award?

The granted MBIA shares vest in three equal time-based installments on the third, fourth, and fifth anniversaries of the grant date. Vesting is conditioned on the named executive officer’s continued employment on each vesting date, subject to certain specified exceptions in the award terms.