MBIA AVP surrenders 13,280 shares for taxes

MBIA Inc. Assistant Vice President Adam T. Bergonzi reported a tax-related share disposition of the company’s common stock.

Accepted by SEC EDGAR 03/05/2026 - 04:16 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

MBIA Inc. Assistant Vice President Adam T. Bergonzi reported a tax-related share disposition of the company’s common stock. On this transaction date, he surrendered 13,280 shares of common stock to MBIA at a value of $6.88 per share to cover withholding tax obligations tied to the vesting of restricted stock.

Following this tax-withholding disposition, Bergonzi directly held 943,262 shares of MBIA common stock. A related footnote explains that the reported balance also reflects an adjustment for retirement plan shares, indicating the total includes changes from that plan in addition to this transaction.

Insider Trade Summary

Exercise Price or Tax Liability: 13,280 shares

Exercise Price or Tax Liability 1 txn

Insider Bergonzi Adam T.

Role Assistant Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	13,280	$6.88	$91K

Holdings After Transaction: Common Stock — 943,262 shares (Direct)

Holdings Before and After: Common Stock, 956,542 to 943,262 shares (Direct)

Footnotes (2)

1. F1. Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.
2. F2. Balance reflects adjustment for retirement plan shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Adam T. Bergonzi report at MBIA (MBI)?

Adam T. Bergonzi reported surrendering 13,280 MBIA common shares to the company to cover tax liabilities upon vesting of restricted stock. This tax-withholding disposition was priced at $6.88 per share and is a non-open-market transaction with the issuer.

How many MBIA (MBI) shares does Adam T. Bergonzi hold after this Form 4 transaction?

After the reported tax-withholding disposition, Adam T. Bergonzi directly held 943,262 shares of MBIA common stock. A footnote states this balance also reflects an adjustment for retirement plan shares, combining plan-related changes with the current reported transaction.

Was the MBIA (MBI) insider transaction a market sale of shares?

No, the transaction was not an open-market sale. The 13,280 MBIA shares were surrendered to the issuer to satisfy tax liabilities related to vested restricted stock, classified as a tax-withholding disposition rather than a discretionary sale into the market.

What does transaction code "F" mean in the MBIA (MBI) Form 4 filing?

Transaction code “F” in this filing indicates shares were used to pay the exercise price or tax liability. Here, 13,280 MBIA common shares were surrendered to the issuer to cover tax withholding when restricted stock vested, rather than being sold on the open market.

What role does Adam T. Bergonzi hold at MBIA (MBI) in this insider report?

In this insider report, Adam T. Bergonzi is identified as an officer of MBIA Inc., serving as Assistant Vice President. His reported transaction involves company common stock received through equity compensation, specifically restricted stock that vested and triggered a tax-withholding event.

How was the price per share determined in the MBIA (MBI) tax-withholding transaction?

The Form 4 shows a transaction price of $6.88 per MBIA common share for the 13,280 shares surrendered. This price is used to value the tax-withholding disposition to the issuer in connection with the vesting of restricted stock awarded as compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

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)
03/04/2026

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		13,280(1)	D	$6.88	943,262(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.
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