NMI Holdings (NMIH) CFO Swithenbank sells 11,662 shares, retains equity stake

Rhea-AI Filing Summary

NMI Holdings, Inc. executive Aurora Swithenbank, EVP and Chief Financial Officer, reported selling 11,662 common shares of NMIH on 2026-08-11 in a series of open market transactions at an average price of $44.5085 per share. Following these sales, she reports holding a total of 50,734 equity-based interests, consisting of 14,605 common shares and 36,129 unvested restricted stock units, all reported as directly owned. The Rule 10b5-1 trading plan checkbox was not selected.

Insider Trade Summary

Net Seller: 11,662 shares

Net Sell 1 txn

Insider Swithenbank Aurora

Role EVP, Chief Financial Officer

Sold 11,662 shs ($519K)

Type	Security	Shares	Price	Value
Sale	Common Shares, $0.01 par value per share F1, F2	11,662	$44.5085	$519K

Holdings After Transaction: Common Shares, $0.01 par value per share — 50,734 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 $44.5085. The range of sale prices on the transaction date was $44.22 to $44.74. 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 14,605 common shares and 36,129 unvested restricted stock units.

Key Figures

Shares sold: 11,662 shares Average sale price: $44.5085 per share Holdings after transaction: 50,734 equity interests +3 more

6 metrics

Shares sold 11,662 shares Common shares sold on 2026-08-11 by EVP, CFO Aurora Swithenbank

Average sale price $44.5085 per share Weighted average price across open market sales on the transaction date

Holdings after transaction 50,734 equity interests Post-transaction total of 14,605 common shares and 36,129 unvested RSUs

Common shares held 14,605 shares Directly held common shares following the reported sale

Unvested RSUs held 36,129 units Unvested restricted stock units reported as directly held post-transaction

Sale price range $44.22 to $44.74 per share Range of prices for the series of open market sales

Key Terms

restricted stock units, open market transactions, par value

3 terms

restricted stock units financial

"Represents 14,605 common shares and 36,129 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

"sold by the reporting person in a series of open market transactions at an average sale price"

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 08/12/2026 - 07:46 PM Accepted by SEC EDGAR 08/12/2026 - 07:46 PM Learn about SEC filing dates

FAQ

What insider transaction did NMI Holdings (NMIH) report for Aurora Swithenbank?

Aurora Swithenbank, EVP and Chief Financial Officer, reported a sale of 11,662 NMIH common shares on 2026-08-11. The transactions were executed as open market sales at an average price of $44.5085 per share within a stated price range.

At what prices did Aurora Swithenbank sell NMIH shares in this Form 4?

The filing reports an average sale price of $44.5085 per share for 11,662 NMIH shares. Footnote disclosure states the price range was $44.22 to $44.74 across a series of open market transactions on the transaction date.

How many NMI Holdings (NMIH) shares does Aurora Swithenbank hold after the reported sale?

After the reported transactions, Aurora Swithenbank reports total holdings of 50,734 equity interests. This consists of 14,605 common shares and 36,129 unvested restricted stock units, all categorized as directly owned positions.

Was Aurora Swithenbank’s NMIH stock sale under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not selected, so the transaction is not identified as made under a Rule 10b5-1 trading plan. The filing instead describes a series of open market sales on the reported date.

What role does Aurora Swithenbank hold at NMI Holdings (NMIH)?

Aurora Swithenbank is identified as Executive Vice President and Chief Financial Officer of NMI Holdings, Inc. Her Form 4 filing reflects personal trading activity in NMIH common shares and related equity awards in her capacity as a company officer.

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^*

Swithenbank Aurora

(Last) (First) (Middle)

2100 POWELL ST., 12TH FLR

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026

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	08/11/2026		S		11,662	D	$44.5085(1)	50,734(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 $44.5085. The range of sale prices on the transaction date was $44.22 to $44.74. 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 14,605 common shares and 36,129 unvested restricted stock units.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	08/12/2026
	** 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)