NMI Holdings: Pollitzer may sell $8.6M in shares

A Form 144 notice shows Adam Pollitzer may sell up to 190,912 NMI Holdings common shares, worth about $8.6 million at the stated market value.

Rhea-AI Filing Summary

NMI Holdings, Inc. (NMIH) received a Form 144 notice indicating that Adam Pollitzer plans a potential sale of up to 190,912 shares of its common stock through Morgan Stanley Smith Barney LLC. The filing lists an aggregate market value of $8,563,348.63 for these shares and notes 75,217,851 shares of common stock outstanding as of September 4, 2026; this is a baseline figure, not the amount being offered. The shares to be sold are tied to a stock option exercise and multiple restricted stock awards dated February 7, 8, 11 and 12, 2026.

Key Figures

Shares to be sold: 190,912 shares Aggregate market value: $8,563,348.63 Shares outstanding: 75,217,851 shares +2 more

5 metrics

Shares to be sold 190,912 shares Maximum number of NMI Holdings, Inc. common shares covered by this Form 144

Aggregate market value $8,563,348.63 Aggregate market value of 190,912 NMI Holdings, Inc. shares covered by the notice

Shares outstanding 75,217,851 shares NMI Holdings, Inc. common shares outstanding as of September 4, 2026

Stock option-related shares 61,125 shares Shares tied to a Stock Option Exercise dated September 4, 2026

Largest restricted stock grant 90,706 shares Restricted Stock dated February 11, 2026 listed among securities to be sold

Key Terms

Rule 144, Restricted Stock, Stock Option Exercise, Aggregate market value

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock financial

"Common | 02/07/2026 | Restricted Stock | Issuer |"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Stock Option Exercise financial

"Common | 09/04/2026 | Stock Option Exercise | Issuer |"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Aggregate market value financial

"Common | Morgan Stanley Smith Barney LLC ... | 190912 | 8563348.63 |"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

What does the Form 144 filed for NMIH disclose about Adam Pollitzer?

It discloses that Adam Pollitzer may sell up to 190,912 shares of NMI Holdings, Inc. common stock under Rule 144, with an aggregate market value of $8,563,348.63, through Morgan Stanley Smith Barney LLC.

How many NMIH shares are proposed to be sold and what is their value?

The notice covers a proposed sale of up to 190,912 common shares of NMI Holdings, Inc., with an aggregate market value of $8,563,348.63 as stated in the Form 144.

How many NMI Holdings (NMIH) shares were outstanding at the time of the Form 144?

The Form 144 states that 75,217,851 shares of NMI Holdings, Inc. common stock were outstanding as of September 4, 2026. This is a reference figure and not the amount being sold.

What types of equity awards underlie the NMIH shares in this Form 144?

The shares to be sold are associated with a Stock Option Exercise dated September 4, 2026 for 61,125 shares and several Restricted Stock awards dated February 7, 8, 11 and 12, 2026.

Who is the broker handling the potential NMIH share sale in this Form 144?

The Form 144 lists Morgan Stanley Smith Barney LLC, Executive Financial Services, as the broker handling the potential sale of NMI Holdings, Inc. common shares for Adam Pollitzer.

Does the Form 144 for NMIH report any sales in the past three months?

The section for Securities Sold During The Past 3 Months does not list any transactions, indicating no such sales are reported in this Form 144.

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

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Available on EDGAR 09/04/2026 - 04:51 PM EDT Accepted by SEC EDGAR 09/04/2026 - 04:50 PM EDT 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	0001706001
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	ADAM POLLITZER
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	190912	8563348.63	75217851	09/04/2026	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	09/04/2026	Stock Option Exercise	Issuer			61125	09/04/2026	Cash
Common	02/07/2026	Restricted Stock	Issuer			15845	02/07/2026	Not Applicable
Common	02/08/2026	Restricted Stock	Issuer			9071	02/08/2026	Not Applicable
Common	02/11/2026	Restricted Stock	Issuer			90706	02/11/2026	Not Applicable
Common	02/12/2026	Restricted Stock	Issuer			14165	02/12/2026	Not Applicable

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/04/2026
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/ Adam Pollitzer
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)