[Form 4] MGIC INVESTMENT CORP Insider Trading Activity

Rhea-AI Filing Summary

MGIC Investment Corp. (MTG) director equity update. A company director reported acquiring 26.83 shares of MGIC common stock on 11/20/2025. These shares were issued as dividends paid on Restricted Stock Units granted under MGIC’s 2020 Omnibus Incentive Plan, and the director did not pay any cash price for them.

After this transaction, the director beneficially owns 16,506.9634 shares of MGIC common stock directly and 323,576 shares indirectly through a family trust. The filing indicates it was made by one reporting person and includes an option to designate trades under a Rule 10b5-1 trading plan.

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^*

CULVER CURT S

(Last) (First) (Middle)

C/O MGIC INVESTMENT CORPORATION

250 EAST KILBOURN AVENUE

(Street)

MILWAUKEE WI 53202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MGIC INVESTMENT CORP [ MTG ]

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)
11/20/2025

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	11/20/2025		A		26.83	A	(1)	16,506.9634	D
Common Stock								323,576	I	By a Family Trust

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. Dividends paid on Restricted Stock Units awarded under the Issuer's 2020 Omnibus Incentive Plan. No price was paid by the reporting person for them.

Remarks:

	Leslie A. Schunk, Attorney-in-Fact	11/20/2025
	** 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 insider transaction did MGIC Investment Corp (MTG) report on this Form 4?

The filing shows a company director acquired 26.83 shares of MGIC common stock on 11/20/2025. These shares were credited as dividend equivalents on existing Restricted Stock Units.

How many MGIC (MTG) shares does the director own after this transaction?

Following the reported transaction, the director beneficially owns 16,506.9634 MGIC shares directly and 323,576 MGIC shares indirectly through a family trust.

Did the MGIC director pay a purchase price for the 26.83 shares reported?

No. The explanation states these 26.83 shares represent dividends paid on Restricted Stock Units under MGIC’s 2020 Omnibus Incentive Plan and that no price was paid by the reporting person.

What is the relationship of the reporting person to MGIC Investment Corp (MTG)?

The reporting person is identified as a Director of MGIC Investment Corp. This role is explicitly checked in the relationship section of the filing.

How are some of the MGIC (MTG) shares held by the reporting person?

In addition to directly held shares, the filing shows 323,576 MGIC shares are held indirectly by the reporting person through a family trust.

What plan is referenced in this MGIC (MTG) Form 4 filing?

The additional shares arose from dividends on Restricted Stock Units awarded under MGIC’s 2020 Omnibus Incentive Plan, as described in the explanation of responses.