[Form 4] MGIC Investment Corp. Insider Trading Activity

Rhea-AI Filing Summary

Salvatore A. Miosi, President & COO of MGIC Investment Corporation (MTG), reported a sale of 30,000 shares of MGIC common stock on 09/02/2025. The sale was effected under a Rule 10b5-1 trading plan adopted on 03/06/2025. The weighted-average price for the reported shares was $27.663, with individual sale prices ranging from $27.485 to $27.825. After the disposition, Mr. Miosi beneficially owns 219,401.361 shares directly and 384,844 shares indirectly through a family trust, as reported on the Form 4.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating pre-planned and compliant sale activity.
• Clear disclosure of price range and weighted-average price ($27.485–$27.825; $27.663 weighted average).
• Post-transaction beneficial ownership reported with direct and indirect holdings specified (219,401.361 direct; 384,844 indirect).

Negative

• Insider reduced direct holdings by 30,000 shares, which may be viewed negatively by some investors assessing insider alignment.

Insights

Corporate Governance Expert

TL;DR: Routine insider sale conducted under a pre-established 10b5-1 plan, maintaining disclosure compliance.

The Form 4 shows a controlled disposal of 30,000 shares by the President & COO under a Rule 10b5-1 plan adopted on 03/06/2025. Using a plan offers an affirmative defense against insider trading claims when properly structured and timed; the filing discloses the adoption date and weighted-average price range ($27.485–$27.825). The report also clarifies current beneficial ownership: 219,401.361 shares direct and 384,844 indirect via a family trust. From a governance perspective, the filing meets Section 16 disclosure requirements and explains the price range and availability of further breakdown on request.

Securities Analyst

TL;DR: Insider sale reduces direct holdings modestly; transaction appears non-material to company capitalization but is material to insider's reported stake.

The transaction disposed of 30,000 shares at a weighted-average of $27.663 per share. The filing specifies the sale occurred across multiple trades and provides the exact price range. This disclosure allows investors to verify execution under a 10b5-1 plan; however, the Form 4 does not include market context, total outstanding shares, or intent behind the sale. The documented direct and indirect holdings give clear, verifiable post-transaction ownership levels for valuation of insider alignment.

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).

X

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^*

Miosi Salvatore A

(Last) (First) (Middle)

C/O MGIC

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & COO

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		S(1)		30,000	D	$27.663(2)	219,401.361	D
Common Stock								384,844	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. The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/06/2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.485 to $27.825, inclusive. The reporting person undertakes to provide MGIC Investment Corporation, any security holder of MGIC Investment Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	Leslie A. Schunk, Attorney-in-Fact	09/03/2025
	** 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 did MTG insider Salvatore Miosi report on Form 4?

The Form 4 reports that Salvatore A. Miosi, President & COO, sold 30,000 shares of MGIC common stock on 09/02/2025 under a Rule 10b5-1 plan.

At what prices were the MTG shares sold?

The shares were sold at prices ranging from $27.485 to $27.825, with a reported weighted-average price of $27.663.

When was the 10b5-1 trading plan adopted for the MTG sale?

The Form 4 states the 10b5-1 trading plan was adopted on 03/06/2025.

How many MGIC shares does Salvatore Miosi beneficially own after the sale?

After the reported disposition, Mr. Miosi beneficially owns 219,401.361 shares directly and 384,844 shares indirectly via a family trust.

Was the Form 4 filed by a single reporting person?

Yes. The filing indicates it was a Form filed by One Reporting Person.