[Form 4] MGIC INVESTMENT CORP Insider Trading Activity

Rhea-AI Filing Summary

MGIC Investment Corporation (MTG) director reported routine equity-related transactions. On 11/20/2025, the director acquired 112.917 shares of common stock, described as dividends paid on previously awarded restricted stock units under the company’s omnibus incentive plan, with no price paid by the director. Following this, the director directly beneficially owned 39,351.3064 shares of common stock.

The filing also shows the director acquired 265.662 share units under MGIC’s Deferred Compensation Plan for Non-Employee Directors, bringing the total to 49,537.2661 share units. These share units track MGIC common stock on a one-for-one basis, are cash-settled on specified distribution dates, have no fixed exercise price or expiration date, and include additional units from phantom dividend reinvestment for which the director paid no cash.

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

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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^*

CHAPLIN C EDWARD

(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		112.917	A	(1)	39,351.3064	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
Share Units(2)	(3)	11/20/2025		A		265.662		(4)	(5)	Common Stock	265.662	(6)	49,537.2661	D

Explanation of Responses:

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

2. The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person and/or acquired through compensation deferral.

3. These Share Units do not have a specified dollar-denominated exercise or conversion price. Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.

4. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.

5. These Share Units do not expire on a fixed date. They are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.

6. These Share Units were acquired through phantom dividend reinvestment and no price was paid by the reporting person for the Share Units.

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 (MTG) report on this Form 4?

The filing reports that a director of MGIC Investment Corporation acquired 112.917 shares of common stock and 265.662 share units on 11/20/2025.

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

After the reported transaction, the director beneficially owned 39,351.3064 shares of MGIC common stock, held directly.

What are the MGIC (MTG) share units mentioned in the Form 4?

The share units are awards under MGIC’s Deferred Compensation Plan for Non-Employee Directors. Each unit corresponds one-for-one to a share of common stock, is settled in cash, and does not have a fixed exercise price or expiration date.

How many MGIC (MTG) share units does the director hold after this transaction?

Following the acquisition of 265.662 share units, the director beneficially owned 49,537.2661 share units under the deferred compensation plan.

Did the MGIC (MTG) director pay cash for these shares or share units?

The filing states that the 112.917 shares were dividends on restricted stock units and that certain share units were acquired through phantom dividend reinvestment, with no price paid by the director.

Do the MGIC (MTG) share units have an exercise price or expiration date?

The share units do not have a specified dollar-denominated exercise or conversion price and do not expire on a fixed date. They are settled in cash on a specified date, subject to any qualified election for later distribution.