Director at NMI Holdings (NMIH) sells 1,554 shares at $37.90

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

NMI Holdings, Inc. director Montgomery Michael Curry reported an open-market sale of 1,554 common shares at a price of $37.9001 per share. After this transaction, he holds 69,026 equity interests in total, consisting of 64,514 common shares and 4,512 unvested restricted stock units.

Insider Trade Summary

Net Seller: 1,554 shares ($58,897)

Net Sell 1 txn

Insider Montgomery Michael Curry

Role null

Sold 1,554 shs ($59K)

Type	Security	Shares	Price	Value
Sale	Common Shares, $0.01 par value per share	1,554	$37.9001	$59K

Holdings After Transaction: Common Shares, $0.01 par value per share — 69,026 shares (Direct, null)

Footnotes (1)

The common stock was sold by the reporting person in an open market transaction on the transaction date at a sale price of $37.9001. Represents 64,514 common shares and 4,512 unvested restricted stock units.

Key Figures

Shares sold: 1,554 shares Sale price: $37.9001 per share Total holdings after transaction: 69,026 equity interests +3 more

6 metrics

Shares sold 1,554 shares Open-market sale of common shares

Sale price $37.9001 per share Price for the 1,554 common shares sold

Total holdings after transaction 69,026 equity interests Common shares plus unvested restricted stock units after sale

Common shares held after 64,514 shares Directly owned common shares following the sale

Unvested restricted stock units 4,512 units Unvested RSUs remaining after the reported transaction

Net share change -1,554 shares Net sell direction from transaction summary

Key Terms

open market transaction, restricted stock units, non-derivative, beneficial ownership

4 terms

open market transaction financial

"The common stock was sold by the reporting person in an open market transaction on the transaction date"

An open market transaction is a buy or sell of publicly traded securities executed on an exchange or other public trading venue where many buyers and sellers can participate. It matters to investors because these trades change the visible supply and demand for a stock—like shoppers moving prices in a busy marketplace—affecting share price, liquidity (how easily you can trade), and sometimes the balance of ownership.

restricted stock units financial

"Represents 64,514 common shares and 4,512 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.

non-derivative financial

"transaction_type": "non-derivative""

beneficial ownership financial

"Represents 64,514 common shares and 4,512 unvested restricted stock units"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 06:11 PM

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^*

Montgomery Michael Curry

(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)
05/19/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, $0.01 par value per share	05/19/2026		S		1,554	D	$37.9001⁽¹⁾	69,026⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The common stock was sold by the reporting person in an open market transaction on the transaction date at a sale price of $37.9001.

2. Represents 64,514 common shares and 4,512 unvested restricted stock units.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Montgomery Michael Curry report at NMIH?

Montgomery Michael Curry reported selling 1,554 NMI Holdings common shares in an open market transaction at $37.9001 per share. The Form 4 shows this as a sale of directly owned stock, not a derivative exercise or tax-related disposition.

At what price were the NMI Holdings (NMIH) shares sold by the director?

The reported sale price was $37.9001 per NMI Holdings common share. This exact price comes from the open market transaction disclosed in the filing footnote, which specifies the sale occurred at that per-share amount on the transaction date.

How many NMI Holdings shares does Montgomery Michael Curry hold after the sale?

Following the sale, he holds 69,026 NMI Holdings equity interests. This total includes 64,514 common shares and 4,512 unvested restricted stock units, as detailed in the filing footnote describing his remaining ownership position.

What type of security did the NMIH director sell in this Form 4 filing?

The transaction involved NMI Holdings common shares with a par value of $0.01 per share. It was reported as a non-derivative open-market sale, meaning it did not arise from exercising options or converting another security into common stock.

Does Montgomery Michael Curry still hold restricted stock units in NMIH after the transaction?

Yes, he continues to hold 4,512 unvested restricted stock units in NMI Holdings. The filing’s footnote clarifies that his post-transaction position includes both directly owned common shares and these unvested restricted stock units as part of his overall equity exposure.