Shuster to sell 19,430 common shares

Bradley M. Shuster filed a Form 144 reporting a planned sale of 19,430 common shares via a stock option exercise through Morgan Stanley Smith Barney LLC Executive Financial Services on 03/05/2026.

Accepted by SEC EDGAR 03/05/2026 - 04:03 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Bradley M. Shuster filed a Form 144 reporting a planned sale of 19,430 common shares via a stock option exercise through Morgan Stanley Smith Barney LLC Executive Financial Services on 03/05/2026. The filing lists two recent dispositions: 19,557 shares sold on 02/26/2026 for $779,426.63 and 55,000 shares sold on 02/18/2026 for $2,179,622.50.

FAQ

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

What does Bradley M. Shuster's Form 144 for NMIH disclose?

The filing discloses a planned sale of 19,430 common shares via a stock option exercise scheduled for 03/05/2026. It also reports two prior sales of 19,557 and 55,000 shares in February 2026 with stated proceeds.

How many shares did Shuster sell in the past three months according to the filing?

The filing shows two past dispositions totaling 74,557 shares: 19,557 shares on 02/26/2026 and 55,000 shares on 02/18/2026. Each sale includes the reported cash proceeds alongside the share counts.

What proceeds were reported for the February 2026 sales?

The February dispositions list proceeds of $779,426.63 for 19,557 shares on 02/26/2026 and $2,179,622.50 for 55,000 shares on 02/18/2026. The Form 144 itemizes those amounts next to each sale date.

Through which broker is the planned March 2026 sale being made?

The planned sale is reported through Morgan Stanley Smith Barney LLC Executive Financial Services, listed with an address at 1 New York Plaza, 8th Floor, New York, NY 10004, as the securities intermediary for the 03/05/2026 transaction.

Does the Form 144 indicate the method of payment for the March 5, 2026 transaction?

Yes. The Form 144 entry for the 03/05/2026 stock option exercise lists Cash as the payment method for the 19,430 common shares being sold through the issuer's process.

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

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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	19430	755943.58	76032627	03/05/2026	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	03/05/2026	Stock Option Exercise	Issuer			19430	03/05/2026	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	02/26/2026	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	03/05/2026
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)