NMI Holdings (NMIH) risk chief sells 12,000 shares at $44.65

Rhea-AI Filing Summary

NMI Holdings, Inc. EVP and Chief Risk Officer Robert Owen Smith sold 12,000 common shares on August 3, 2026 in a series of open-market transactions at a weighted-average price of $44.6469 per share, within a range of $44.325 to $44.86. After this sale, he holds 96,381 equity interests, consisting of 71,241 common shares and 25,140 unvested restricted stock units, all reported as directly owned.

Insider Trade Summary

Net Seller: 12,000 shares

Net Sell 1 txn

Insider Smith Robert Owen

Role EVP, Chief Risk Officer

Sold 12,000 shs ($536K)

Type	Security	Shares	Price	Value
Sale	Common Shares, $0.01 par value per share F1, F2	12,000	$44.6469	$536K

Holdings After Transaction: Common Shares, $0.01 par value per share — 96,381 shares (Direct)

Footnotes (2)

1. F1. The common stock was sold by the reporting person in a series of open market transactions at an average sale price of $44.6469. The range of sale prices on the transaction date was $44.325 to $44.86. 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. F2. Represents 71,241 common shares and 25,140 unvested restricted stock units.

Key Figures

Shares sold: 12,000 shares Weighted-average sale price: $44.6469 per share Holdings after transaction: 96,381 equity interests +2 more

5 metrics

Shares sold 12,000 shares Common stock sale on August 3, 2026

Weighted-average sale price $44.6469 per share Open-market transactions in a range of $44.325 to $44.86

Holdings after transaction 96,381 equity interests Directly held after the reported sale

Common shares held 71,241 shares Portion of total direct equity interests after sale

Unvested RSUs 25,140 units Unvested restricted stock units included in post-sale holdings

Key Terms

restricted stock units, open market transactions, par value

3 terms

restricted stock units financial

"Represents 71,241 common shares and 25,140 unvested restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

open market transactions financial

"The common stock was sold ... in a series of open market transactions"

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

par value financial

"Common Shares, $0.01 par value per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 04:30 PM Accepted by SEC EDGAR 08/05/2026 - 04:29 PM Learn about SEC filing dates

FAQ

What insider transaction did NMI Holdings (NMIH) report for Robert Owen Smith?

NMI Holdings reported that EVP and Chief Risk Officer Robert Owen Smith sold 12,000 common shares on August 3, 2026. The sale was executed as open-market transactions, and his directly reported holdings now total 96,381 equity interests, including common stock and unvested RSUs.

At what price did Robert Owen Smith sell NMIH shares in this Form 4?

Robert Owen Smith sold his NMIH shares at a weighted-average price of $44.6469 per share. The transactions occurred in open market trades within a price range of $44.325 to $44.86 on the reported date.

How many NMIH shares does Robert Owen Smith hold after this Form 4 transaction?

Following the sale, Robert Owen Smith holds 96,381 equity interests in NMI Holdings. This total includes 71,241 common shares and 25,140 unvested restricted stock units, all reported as directly owned in the filing.

What type of security did Robert Owen Smith trade in NMI Holdings (NMIH)?

Robert Owen Smith traded common shares with $0.01 par value per share of NMI Holdings. The Form 4 lists a single non-derivative transaction, described as a sale in open market or private transaction on August 3, 2026.

Does the NMIH Form 4 indicate derivative transactions for Robert Owen Smith?

No, this Form 4 reports only a non-derivative common stock sale by Robert Owen Smith. It also discloses that his remaining holdings include 25,140 unvested restricted stock units, but no new derivative transactions are listed.

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^*

Smith Robert Owen

(Last) (First) (Middle)

C/O NMI HOLDINGS, INC.

2100 POWELL STREET, 12TH FL.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Risk Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares, $0.01 par value per share	08/03/2026		S		12,000	D	$44.6469(1)	96,381(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)
				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 an average sale price of $44.6469. The range of sale prices on the transaction date was $44.325 to $44.86. 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. Represents 71,241 common shares and 25,140 unvested restricted stock units.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	08/05/2026
	** 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)