[Form 4] MBIA Inc. Insider Trading Activity

Rhea-AI Filing Summary

Diane L. Dewbrey, a director of MBIA Inc. (MBI), reported a sale of common stock on 08/21/2025. The filing shows a transaction coded S for the disposition of 4,975 shares at a price of $7.15 per share, leaving the reporting person with 105,017 shares of MBIA common stock as direct beneficial ownership. The footnote clarifies the reported 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.

Positive

• Director disclosed the transaction and remaining direct ownership
• Filing includes an explicit price and post-transaction share count

Negative

• Director executed a sale of 4,975 shares

Insights

Securities Analyst

TL;DR: Director sale of 4,975 MBIA shares is disclosed; remaining direct holding is 105,017 shares, suggesting limited change in control exposure.

The sale is explicitly documented as a non-derivative disposition with transaction code S and a per-share price of $7.15 on 08/21/2025. Relative to the reported post-transaction holding, the disposed amount represents a small percentage of the director's stake, indicating this is likely a routine liquidity event rather than a change in alignment with shareholders. The filing complies with Section 16 reporting requirements and includes a footnote offering to supply further detail on the number of shares sold.

Corporate Governance Expert

TL;DR: Timely disclosure by an insider; transaction size appears modest versus total direct ownership, so governance impact is minor.

From a governance perspective, the form provides clear identification of the reporting person as a director and reports direct ownership after the sale. The record contains the required signature by an attorney-in-fact. No derivative transactions or indirect holdings are reported. Because the sale is small relative to the remaining stake, it does not by itself signal a material governance shift, though investors may request the additional details the filer offers to provide.

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^*

DEWBREY DIANE L

(Last) (First) (Middle)

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)
08/21/2025

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	08/21/2025		S		4,975(1)	D	$7.15	105,017	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 21, 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	08/25/2025
	** 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).
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 trade did MBIA (MBI) director Diane L. Dewbrey report?

She reported a sale of 4,975 shares of MBIA common stock, coded as a disposition (S).

At what price were the MBIA shares sold by the director?

The reported per-share price was $7.15, noted as the share price on 08/21/2025.

How many MBIA shares does the director own after the reported transaction?

105,017 shares of MBIA common stock are reported as beneficially owned following the sale.

Was the MBIA transaction filed as a direct or indirect ownership change?

The filing reports direct ownership (D) for the post-transaction holdings.

Does the filing provide additional details about the number of shares sold?

Yes; a footnote states the reporting person will provide full information on the number of shares sold upon request.