NMI Holdings (NMIH) chair exercises options, sells 18,976 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NMI Holdings executive chairman Bradley M. Shuster exercised stock options and sold a portion of the resulting shares. On March 11, 2026, he exercised options for 55,158 common shares at an exercise price of $11.10 per share. A total of 36,182 shares were withheld to satisfy the cashless exercise and related tax obligations, leaving the remainder issued as common stock.
On March 12, 2026, Shuster completed an open-market sale of 18,976 common shares at a weighted average price of $36.5803 per share, in a series of transactions within a range of $36.31 to $36.81. Following these transactions, he held 415,411 common shares directly and 47,150 common shares indirectly through the Shuster Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,976 shares ($694,148)
Net Sell
5 txns
Insider
SHUSTER BRADLEY M
Role
Executive Chairman
Sold
18,976 shs ($694K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares, $0.01 par value per share | 18,976 | $36.5803 | $694K |
| Exercise | Stock Option (right to buy) | 55,158 | $0.00 | -- |
| Exercise | Common Shares, $0.01 par value per share | 55,158 | $11.10 | $612K |
| Tax Withholding | Common Shares, $0.01 par value per share | 36,182 | $0.00 | -- |
| holding | Common Shares, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Common Shares, $0.01 par value per share — 415,411 shares (Direct);
Stock Option (right to buy) — 110,314 shares (Direct);
Common Shares, $0.01 par value per share — 47,150 shares (Indirect, By Shuster Family Trust, of which Mr. Shuster and his wife are co-trustees and beneficiaries)
Footnotes (1)
- Represents shares withheld to satisfy the cashless exercise of certain options granted to the Reporting Person on February 9, 2017 at a net settlement price equal to the closing stock price on March 11, 2026, and withholding taxes due in connection with the exercise of such options. The option vested in full on February 9, 2020. The common stock was sold by the Reporting Person in a series of open market transactions at a weighted average sale price of $36.5803. The range of sale prices on the transaction date was $36.31 to $36.81. 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. Represents 363,130 common shares and 52,281 unvested restricted stock units. The option vested in full on February 9, 2020.
FAQ
What insider transactions did NMIH executive chairman Bradley Shuster report?
Bradley Shuster reported exercising options for 55,158 NMI Holdings (NMIH) shares and then selling 18,976 common shares. The filing also shows shares withheld for taxes and updated direct and trust-based holdings after these transactions.
What stock options did Bradley Shuster exercise in this NMIH Form 4?
Shuster exercised stock options covering 55,158 NMI Holdings (NMIH) common shares at an exercise price of $11.10. These options were granted on February 9, 2017, had vested in full by February 9, 2020, and were exercised on March 11, 2026.
Does Bradley Shuster still hold unvested equity awards in NMIH after this Form 4?
Yes. A footnote states his equity position includes 363,130 common shares and 52,281 unvested restricted stock units. These restricted stock units represent additional potential common share issuance, separate from the options exercised and common shares sold in this Form 4.