NMI Holdings director granted 4,512 RSUs

EMBLER MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

EMBLER MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

NMI Holdings director Michael J. Embler received a grant of 4,512 restricted stock units of NMI Holdings, Inc. on the company’s common stock as compensation. The units were granted at no cost and will vest on the first anniversary of the grant date under the NMIH Amended and Restated 2014 Omnibus Incentive Plan.

Following this award, Embler’s direct holdings total 50,558 common share equivalents, consisting of 46,046 common shares and 4,512 unvested restricted stock units.

Insider Trade Summary

Grant/Award: 4,512 shares

Grant/Award 1 txn

Insider EMBLER MICHAEL J

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) — 50,558 shares (Direct)

Footnotes (2)

1. 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.
2. F2. Represents 46,046 common shares and 4,512 unvested restricted stock units.

Key Figures

RSU grant size: 4,512 units Grant price: $0.00 per unit Total holdings after grant: 50,558 shares +2 more

5 metrics

RSU grant size 4,512 units Restricted stock units granted to director on 2026-05-14

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

Total holdings after grant 50,558 shares Common share equivalents following RSU award

Common shares held 46,046 shares Direct common stock holdings after transaction

Unvested RSUs 4,512 units Restricted stock units vesting on first anniversary of 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

"granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan."

unvested restricted stock units financial

"Represents 46,046 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) director Michael J. Embler report?

Michael J. Embler reported receiving 4,512 restricted stock units in NMI Holdings as a compensation grant. These units represent rights to receive common shares and increase his total direct holdings to 50,558 common share equivalents after the award.

How many NMI Holdings (NMIH) shares does Michael J. Embler hold after this Form 4?

After the reported grant, Michael J. Embler holds 50,558 common share equivalents in NMI Holdings. This consists of 46,046 common shares plus 4,512 unvested restricted stock units that are scheduled to vest on the first anniversary of the grant date.

What are the terms of Michael J. Embler’s restricted stock unit grant at NMI Holdings (NMIH)?

The grant to Michael J. Embler consists of 4,512 restricted stock units with a grant price of $0.00 per unit. These units were issued under the NMIH Amended and Restated 2014 Omnibus Incentive Plan and will vest on the first anniversary of the grant date.

Is Michael J. Embler’s NMI Holdings (NMIH) transaction a market purchase or sale?

The transaction is not a market trade; it is a grant of 4,512 restricted stock units as compensation. The Form 4 uses code “A,” indicating a grant, award, or other acquisition, with no cash paid per unit and no open-market buying or selling involved.

Under which plan were Michael J. Embler’s NMI Holdings (NMIH) restricted stock units granted?

The 4,512 restricted stock units were granted under the NMIH Amended and Restated 2014 Omnibus Incentive Plan. This plan governs equity-based awards for eligible participants, and the units in this grant are scheduled to vest one year after the grant date.

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

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Accepted by SEC EDGAR 05/18/2026 - 07:43 PM Learn about SEC filing dates

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^*

EMBLER MICHAEL J

(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)

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)
			Code	V	Amount	(A) or (D)	Price
Restricted Stock Unit (right to receive)	05/14/2026		A		4,512(1)	A	$0	50,558(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. 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 46,046 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)