Rule 144 notice: 18,976 shares proposed sale

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to proposed sale of 18,976 shares of Common Stock via a stock option exercise to be effected on 03/12/2026.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to proposed sale of 18,976 shares of Common Stock via a stock option exercise to be effected on 03/12/2026. The filing also lists prior sales in the past three months of 19,430, 19,557, and 55,000 shares on 03/05/2026, 02/26/2026, and 02/18/2026, respectively.

Insights

Securities Compliance Analyst

Form 144 notice for proposed resale of exercised shares on 03/12/2026.

The filing lists a proposed sale of 18,976 shares via a stock option exercise to be effected on 03/12/2026. It is a notice of intent to resell under Rule 144 rather than an issuer cash raise.

Prior reported dispositions total 94, - (examples listed: 55,000, 19,430, 19,557) in the prior three months; cash amounts are shown for each trade. Subsequent filings or confirmations will show whether these proposed sales were executed.

FAQ

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

What does the Form 144 filed for NMIH show?

The Form 144 shows a proposed resale of 18,976 shares via stock option exercise to be effected on 03/12/2026. It also lists three prior dispositions of 55,000, 19,430, and 19,557 shares within the past three months.

Who is the reporting party in the NMIH Form 144?

The filing lists Morgan Stanley Smith Barney LLC as the broker handling the transaction and identifies the seller information for the reported trades. The seller's address appears in the filing alongside each disposition record.

Were the prior sales for NMIH executed recently?

Yes; the excerpt records prior sales on 03/05/2026, 02/26/2026, and 02/18/2026 of 19,430, 19,557, and 55,000 shares, respectively, with cash proceeds shown for each transaction in the filing.

Does the Form 144 indicate proceeds go to the issuer for NMIH?

No; the filing indicates the stock option exercise is the method and lists the broker as intermediary. The document does not state proceeds are being raised for the issuer; it records resale activity by the holder.

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

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Accepted by SEC EDGAR 03/12/2026 - 05:36 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	18976	694147.77	76032627	03/12/2026	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	03/12/2026	Stock Option Exercise	Issuer			18976	03/12/2026	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	03/05/2026	19430	755943.58
BRADLEY M SHUSTER 2100 Powell Street 12th Floor Emeryville CA 94608	Common	02/26/2026	19557	779426.63
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	03/12/2026
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)