MBIA (NYSE: MBI) director awarded 16,181 restricted shares

Rhea-AI Filing Summary

DEWBREY DIANE L reported acquisition or exercise transactions in this Form 4 filing.

MBIA Inc. director Diane L. Dewbrey received a grant of 16,181 shares of restricted common stock on May 12, 2026 at $6.18 per share. These shares have a one-year cliff vesting schedule, becoming fully vested on May 12, 2027. After this award, she directly holds 121,198 MBIA shares. This is a compensation-related equity grant rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DEWBREY DIANE L

Role null

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

Holdings After Transaction: Common Stock — 121,198 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted shares granted: 16,181 shares Grant price: $6.18 per share Total shares after grant: 121,198 shares +1 more

4 metrics

Restricted shares granted 16,181 shares Restricted stock award on May 12, 2026

Grant price $6.18 per share Reference price for restricted stock grant

Total shares after grant 121,198 shares Direct MBIA holdings following transaction

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^*

DEWBREY DIANE L

(Last) (First) (Middle)

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	121,198	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 Diane L. Dewbrey report on this Form 4?

Diane L. Dewbrey reported receiving 16,181 shares of MBIA restricted common stock as a grant. The award was made at a reference price of $6.18 per share on May 12, 2026, and is compensation-related rather than an open-market transaction.

At what price was the MBIA restricted stock grant to Diane Dewbrey valued?

The restricted stock granted to Diane Dewbrey was valued at $6.18 per share. This price is used as the grant price for the 16,181 restricted shares awarded on May 12, 2026, as disclosed in the Form 4 and accompanying footnote.

When do Diane Dewbrey’s MBIA restricted shares vest?

The restricted shares granted to Diane Dewbrey have a one-year cliff vesting schedule. They will fully vest on May 12, 2027, meaning none vest before that date and all vest together at that time, according to the Form 4 footnote disclosure.

How many MBIA shares does Diane Dewbrey own after this restricted stock grant?

After the restricted stock grant, Diane Dewbrey directly owns 121,198 MBIA common shares. This total includes the newly awarded 16,181 restricted shares, as shown in the post-transaction holding figure disclosed in the Form 4 filing for this transaction.

Is Diane Dewbrey’s MBIA Form 4 transaction a market purchase or a grant?

The Form 4 transaction is a grant of restricted stock, not a market purchase. It is coded as a grant or award acquisition, reflecting equity-based compensation rather than Diane Dewbrey buying shares on the open market at her own initiative.