NMI Holdings director awarded 4,512 RSUs

Erickson John C reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/18/2026 - 07:37 PM EDT

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Form Type

Rhea-AI Filing Summary

Erickson John C reported acquisition or exercise transactions in this Form 4 filing.

NMI Holdings, Inc. director John C. Erickson received a grant of 4,512 restricted stock units as equity compensation. These units were awarded at no cash cost to him and will vest on the first anniversary of the grant date. After this award, he is reported as having 21,832 equity-related interests, consisting of 17,320 common shares and 4,512 unvested restricted stock units.

Insider Trade Summary

Grant/Award: 4,512 shares

Grant/Award 1 txn

Insider Erickson John C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (right to receive)	4,512	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit (right to receive) — 21,832 shares (Direct)

Footnotes (2)

F1. Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan. The restricted stock units vest on the first anniversary of the grant date.
F2. Represents 17,320 common shares and 4,512 unvested restricted stock units.

Key Figures

RSU grant size: 4,512 restricted stock units Grant price per unit: $0.00 per unit Total holdings after grant: 21,832 equity interests +2 more

5 metrics

RSU grant size 4,512 restricted stock units Awarded to director on 2026-05-14

Grant price per unit $0.00 per unit Compensation award, not open-market purchase

Total holdings after grant 21,832 equity interests Shares and unvested RSUs following transaction

Common shares held 17,320 shares Common stock position after grant

Unvested RSUs held 4,512 units Unvested restricted stock units after grant

Key Terms

Restricted Stock Unit, Amended and Restated 2014 Omnibus Incentive Plan, unvested restricted stock units

3 terms

Restricted Stock Unit financial

"Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Amended and Restated 2014 Omnibus Incentive Plan financial

"Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan."

unvested restricted stock units financial

"Represents 17,320 common shares and 4,512 unvested restricted stock units."

FAQ

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

What insider transaction did NMI Holdings (NMIH) report for John C. Erickson?

NMI Holdings reported that director John C. Erickson received a grant of 4,512 restricted stock units. The award is compensation-based, carries no purchase price, and increases his overall equity exposure to the company through additional share-settled units.

How many restricted stock units were granted to the NMIH director and at what price?

The director received 4,512 restricted stock units at a stated price of $0.00 per unit. This reflects a compensation grant rather than an open-market purchase, so no cash was paid to acquire these share-based awards.

When do John C. Erickson’s new NMIH restricted stock units vest?

The 4,512 restricted stock units vest on the first anniversary of the grant date. This one-year vesting schedule means shares are delivered later, aligning part of the director’s compensation with the company’s performance over that period.

What are John C. Erickson’s NMIH holdings after the reported transaction?

Following the grant, Erickson is reported as having 21,832 equity interests in NMI Holdings. This total consists of 17,320 common shares and 4,512 unvested restricted stock units, giving him both current ownership and additional future share exposure.

Was the NMIH director’s transaction an open-market buy or a compensation grant?

The transaction was a compensation grant of restricted stock units, not an open-market stock purchase. It was made under the NMIH Amended and Restated 2014 Omnibus Incentive Plan, with units vesting after one year rather than being bought on an exchange.

Under what plan were the NMIH restricted stock units granted to the director?

The restricted stock units were granted under the NMIH Amended and Restated 2014 Omnibus Incentive Plan. This plan governs equity-based awards, providing directors and other participants with stock-linked compensation that typically vests over time according to set schedules.

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

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Erickson John C

(Last)

(First)

(Middle)

C/O NMI HOLDINGS, INC.

2100 POWELL, ST., 12TH FLOOR

(Street)

EMERYVILLE

CALIFORNIA

94608

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit (right to receive)	05/14/2026		A		4,512⁽¹⁾	A	$0	21,832⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan. The restricted stock units vest on the first anniversary of the grant date.

2. Represents 17,320 common shares and 4,512 unvested restricted stock units.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR