Bradley Shuster sells 55,000 NMIH shares for $2.18M

NMIH insider transaction disclosure.

Rhea-AI Filing Summary

NMIH insider transaction disclosure. The filing shows that Bradley M Shuster sold 55,000 shares for $2,179,622.50 on 02/18/2026. The record also notes a stock option exercise recorded 02/25/2026 through Morgan Stanley Smith Barney LLC.

Insights

Insider Transactions Analyst

Routine Rule 144 sale and exercise disclosed; no broader corporate change implied.

The filing documents a reported sale of 55,000 shares for $2,179,622.50 on 02/18/2026 and a stock option exercise on 02/25/2026. This matches common post-exercise dispositions where proceeds and exercises are recorded.

Cash-flow treatment and whether proceeds were retained by the reporting person are not detailed in the excerpt; subsequent filings may provide further allocation or beneficiary detail.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Form 144 for NMIH disclose about insider sales?

The Form 144 shows Bradley M Shuster sold 55,000 shares for $2,179,622.50 on 02/18/2026. The filing also records a stock option exercise on 02/25/2026 through Morgan Stanley Smith Barney LLC.

Who is listed as the broker or filer on the NMIH Form 144?

The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza as the broker/filing agent. The broker entry appears with the exercise and sale reporting in the disclosed excerpt.

Does the excerpt show proceeds or price per share from the sale?

Yes; the sale proceeds are shown as $2,179,622.50 for 55,000 shares on 02/18/2026. The excerpt does not separately state the per-share price, but the aggregate proceeds are provided.

Was the sale connected to a stock option exercise in the filing?

The filing records a stock option exercise dated 02/25/2026 and also shows a sale during the prior three months. The excerpt links both events in the filing entries but does not state if the sale directly satisfied option obligations.

Does this Form 144 filing change NMIH's outstanding shares or capital structure?

The excerpt does not present any updates to shares outstanding or capital structure. It documents an individual's sale and a stock option exercise; broader company equity totals are not included in the provided content.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/26/2026 - 06:23 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001052831
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NMI HOLDINGS, INC.
SEC File Number	001-36174
Address of Issuer	2100 Powell Street 12th Floor Emeryville CALIFORNIA 94608
Phone	(855) 530-6642
Name of Person for Whose Account the Securities are To Be Sold	BRADLEY M SHUSTER
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	19557	779426.63	76032627	02/26/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/25/2026	Stock Option Exercise	Issuer			19557	02/25/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
BRADLEY M SHUSTER 2100 Powell Street 12th Floor Emeryville CA 94608	Common	02/18/2026	55000	2179622.50

144: Remarks and Signature

Remarks
Date of Notice	02/26/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Bradley M. Shuster
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)