NMI Holdings CEO sells 172,706 shares at $44.86

NMI Holdings CEO Adam Pollitzer sold 172,706 NMIH common shares and now directly holds 270,267 equity interests including unvested RSUs.

Rhea-AI Filing Summary

NMI Holdings, Inc. (NMIH) reports that Chief Executive Officer and director Adam Pollitzer sold 172,706 common shares on September 4, 2026 in a sale characterized as open market or private transactions at an average price of $44.855 per share, within a price range of $44.51 to $45.16. After these transactions, he holds a total of 270,267 equity interests, consisting of 147,213 common shares and 123,054 unvested restricted stock units, all reported as directly owned. No Rule 10b5-1 trading plan is reported for these sales.

Insider Trade Summary

Net Seller: 172,706 shares

Net Sell 1 txn

Insider Pollitzer Adam

Role Chief Executive Officer

Sold 172,706 shs ($7.75M)

Type	Security	Shares	Price	Value
Sale	Common Shares, $0.01 par value per share F1, F2	172,706	$44.855	$7.75M

Holdings After Transaction: Common Shares, $0.01 par value per share — 270,267 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 $44.855. The range of sale prices on the transaction date was $44.51 to $45.16. 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 147,213 common shares and 123,054 unvested restricted stock units.

Key Figures

Shares sold: 172,706 shares Average sale price: $44.855 per share Sale price range: $44.51–$45.16 per share +3 more

6 metrics

Shares sold 172,706 shares Common shares sold on September 4, 2026

Average sale price $44.855 per share Weighted average price for the reported sales

Sale price range $44.51–$45.16 per share Range of prices for shares sold on the transaction date

Holdings after transaction 270,267 equity interests Total direct holdings after the reported sale

Common shares after transaction 147,213 shares Portion of post-transaction holdings in common stock

Unvested restricted stock units 123,054 RSUs Unvested RSUs included in post-transaction holdings

Key Terms

open market transactions, average sale price, unvested restricted stock units

3 terms

open market transactions financial

"The common stock was sold by the reporting person 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.

average sale price financial

"sold ... in a series of open market transactions at an average sale price of $44.855"

unvested restricted stock units financial

"Represents 147,213 common shares and 123,054 unvested restricted stock units"

FAQ

What insider trade did NMIH CEO Adam Pollitzer report on this Form 4?

Adam Pollitzer sold 172,706 NMIH common shares on September 4, 2026. The sales were reported as open market or private transactions at a weighted average price of $44.855 per share, with individual trades executed between $44.51 and $45.16.

At what prices were the NMIH shares sold by the CEO?

The filing states that the CEO’s shares were sold in a series of open market transactions at an average sale price of $44.855 per share, with a price range from $44.51 to $45.16 on the transaction date.

How many NMIH shares does the CEO hold after this reported sale?

After the reported transactions, Adam Pollitzer is shown holding 270,267 equity interests, consisting of 147,213 common shares and 123,054 unvested restricted stock units, all reported as directly owned.

Was the NMIH CEO’s share sale under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected and the footnotes do not describe a trading plan, so no Rule 10b5-1 trading plan is reported for these transactions.

Does the Form 4 indicate whether the CEO’s remaining NMIH holdings include unvested awards?

Yes. A footnote explains that the post-transaction total represents 147,213 common shares and 123,054 unvested restricted stock units of NMI Holdings, Inc.

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

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Available on EDGAR 09/04/2026 - 07:49 PM Accepted by SEC EDGAR 09/04/2026 - 07:48 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^*

Pollitzer Adam

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026

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	09/04/2026		S		172,706	D	$44.855(1)	270,267(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 $44.855. The range of sale prices on the transaction date was $44.51 to $45.16. 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 147,213 common shares and 123,054 unvested restricted stock units.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	09/04/2026
	** 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)