[Form 4] MGIC INVESTMENT CORP Insider Trading Activity

Rhea-AI Filing Summary

MGIC Investment Corporation director reports additional stock and share units. A director of MGIC Investment Corporation (MTG) reported acquiring 160.644 shares of common stock on 11/20/2025, increasing direct beneficial ownership to 29,954.8631 shares. The filing also shows the director acquired 104.72 deferred share units on the same date, bringing total deferred share units to 19,526.7936.

The common shares were received as dividends paid on previously awarded restricted stock units under MGIC’s Omnibus Incentive Plan, with no cash paid by the director. The deferred share units were obtained through MGIC’s Deferred Compensation Plan for Non-Employee Directors and phantom dividend reinvestment, and their value tracks MGIC’s common stock on a one-for-one basis and is settled in cash at specified distribution dates.

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^*

Hartzell Jay C.

(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		160.644	A	(1)	29,954.8631	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		104.72		(4)	(5)	Common Stock	104.72	(6)	19,526.7936	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 (MTG) report on 11/20/2025?

A director of MGIC Investment Corporation (MTG) reported acquiring 160.644 shares of common stock on 11/20/2025, increasing direct beneficial ownership to 29,954.8631 shares.

How many MGIC (MTG) deferred share units does the director now hold?

Following the reported 104.72 share units acquired on 11/20/2025, the director beneficially owns 19,526.7936 deferred share units tied to MGIC common stock.

How were the additional MGIC (MTG) common shares received by the director?

The 160.644 common shares were received as dividends paid on Restricted Stock Units under MGIC’s Omnibus Incentive Plan, and no price was paid by the director for these shares.

What is the MGIC (MTG) Deferred Compensation Plan for Non-Employee Directors?

Under this plan, share units corresponding to MGIC common stock are awarded or acquired through compensation deferral. Their value is based on MGIC’s stock price on a one-for-one basis and they are settled in cash on specified distribution dates.

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

The share units do not have a dollar-denominated exercise or conversion price, and they 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.

Did the MGIC (MTG) director pay cash for the newly acquired share units?

No cash was paid for the newly acquired share units. The filing states that these share units were acquired through phantom dividend reinvestment and that no price was paid by the reporting person.