[Form 4] MGIC INVESTMENT CORP Insider Trading Activity

Rhea-AI Filing Summary

MGIC Investment Corporation (MTG) filed a Form 4 showing that a director increased their holdings through stock-based compensation and dividend-related awards. On 11/20/2025, the director acquired 74.557 shares of common stock, described as dividends paid on Restricted Stock Units under the company’s Omnibus Incentive Plan, leaving them with 34,417.5201 common shares held directly.

The filing also reports derivative holdings in the form of Share Units under the Deferred Compensation Plan for Non-Employee Directors. On the same date, the director acquired 157.492 Share Units, bringing their total to 29,367.1778 Share Units. These units track MGIC common stock on a one-for-one basis, are settled in cash on a specified date, and were acquired through phantom dividend reinvestment with no cash price paid by the director.

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^*

Kozlak Jodee A

(Last) (First) (Middle)

C/O MGIC INVESTMENT CORPORATION

250 E. KILBOURN AVE.

(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		74.557	A	(1)	34,417.5201	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		157.492		(4)	(5)	Common Stock	157.492	(6)	29,367.1778	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 Investment Corporation (MTG) report on this Form 4?

The Form 4 reports that a director of MGIC Investment Corporation acquired additional equity-related interests on 11/20/2025, including common stock and cash-settled Share Units tied to MGIC common stock.

How many MGIC (MTG) common shares did the director acquire and own after the transaction?

On 11/20/2025, the director acquired 74.557 shares of MGIC common stock, described as dividends on Restricted Stock Units. Following this transaction, the director beneficially owned 34,417.5201 common shares directly.

What are the Share Units reported in the MGIC (MTG) Form 4 and how many were acquired?

The Share Units are interests under the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors. On 11/20/2025, the director acquired 157.492 Share Units, increasing their total to 29,367.1778 Share Units, each corresponding on a one-for-one basis to a share of MGIC common stock.

Did the MGIC (MTG) director pay any cash price for the reported stock and Share Units?

According to the explanations, the 74.557 common shares were received as dividends on Restricted Stock Units, and the 157.492 Share Units were acquired through phantom dividend reinvestment. In both cases, no cash price was paid by the reporting person.

How are the MGIC (MTG) Share Units valued and settled for the director?

The Share Units’ value is based on a one-for-one basis with the price of MGIC common stock on the New York Stock Exchange. They are settled in cash on a specified date, unless the director makes a qualified election for a later distribution, and they do not have a fixed expiration date.

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

The reporting person is identified as a Director of MGIC Investment Corporation, and the Form 4 is filed by one reporting person, indicating an individual insider transaction.