NMI Holdings (NMIH) director trust sells 19,926 shares in open market

Rhea-AI Filing Summary

NMI Holdings director-related trust reports open-market share sale and ownership correction. Scheid Family Trust, associated with director Steven Scheid, sold 19,926 NMI Holdings common shares on September 15, 2025 at a weighted average price of $39.3133 per share, in multiple open-market trades within a price range of $39.1437 to $39.4601.

After these sales, the trust indirectly holds 74,794 common shares. Separately, Scheid directly holds 4,439 unvested restricted stock units. The amended filing also corrects a prior Form 4 that had overreported 4,166 common shares as beneficially owned.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

SCHEID STEVEN

(Last) (First) (Middle)

C/O NMI HOLDINGS, INC.

2100 POWELL STREET, 12TH FL.

(Street)

EMERYVILLE CA 94608

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NMI Holdings, Inc. [ NMIH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/17/2025

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 Shares, $0.01 par value per share	09/15/2025		S		19,926	D	$39.3133(1)	74,794(2)	I	By Scheid Family Trust, of which Mr. Scheid and his wife are co-trustees and beneficiaries
Restricted Stock Unit (right to receive)								4,439(3)	D

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 common stock was sold by the reporting person in a series of open market transactions at a weighted average sale price of $39.3133. The range of sale prices on the transaction date was $39.1437 to $39.4601. The reporting person undertakes to provide, upon request by the SEC staff, NMIH or a security holder of NMIH, full information regarding the shares sold at each price.

2. This Form 4/A is being filed to correct an overreporting of 4,166 common shares reported as beneficially owned by the Reporting Person on the Form 4 filed on September 17, 2025.

3. Represents 4,439 unvested restricted stock units.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	02/27/2026
	** 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 NMI Holdings (NMIH) disclose about Steven Scheid's recent share activity?

NMI Holdings reported that Scheid Family Trust, associated with director Steven Scheid, sold 19,926 common shares on September 15, 2025, in open-market transactions, and that this Form 4/A corrects an earlier overreporting of 4,166 shares previously shown as beneficially owned.

How many NMI Holdings shares were sold and at what price on September 15, 2025?

Scheid Family Trust sold 19,926 NMI Holdings common shares on September 15, 2025, at a weighted average price of $39.3133 per share, with individual trade prices ranging from $39.1437 to $39.4601 across a series of open-market transactions.

How many NMIH shares does the Scheid Family Trust hold after the reported sale?

Following the September 15, 2025 sales, Scheid Family Trust indirectly holds 74,794 NMI Holdings common shares. These shares are reported as indirectly owned by director Steven Scheid through the trust, where he and his wife serve as co‑trustees and beneficiaries.

What ownership correction did NMI Holdings report in Steven Scheid’s Form 4/A?

The amended Form 4/A states that a prior Form 4 filed on September 17, 2025 had overreported 4,166 common shares as beneficially owned. This correction reduces the previously disclosed beneficial ownership by that amount to reflect the accurate post‑transaction holdings.

What restricted stock units does Steven Scheid hold in NMI Holdings after this filing?

After the reported transactions, Steven Scheid directly holds 4,439 unvested restricted stock units in NMI Holdings. These RSUs represent rights to receive shares in the future, subject to vesting conditions, and are separate from the common shares held indirectly through Scheid Family Trust.

Were the NMIH share sales by the Scheid Family Trust open-market transactions?

Yes. The filing explains that the 19,926 common shares were sold in a series of open‑market transactions on September 15, 2025. It also notes that full trade‑level pricing details will be provided upon request to regulators, the company, or its security holders.