RDN insider files Form 144 to sell 20,000 shares after vesting

Rhea-AI Filing Summary

Radian Group Inc. (RDN) Form 144 reports a proposed sale of 20,000 common shares through Fidelity Brokerage Services with an aggregate market value of $725,602.50. The filer reports 135,450,446 shares outstanding for the issuer. The shares to be sold were acquired on 05/15/2021 by restricted stock vesting as compensation. The filing lists three prior sales by the same person in the past three months: 20,000 shares on 06/24/2025 for $734,159.06, 20,000 shares on 07/29/2025 for $677,986.32, and 20,000 shares on 08/26/2025 for $694,764.13. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Full disclosure of acquisition method (restricted stock vesting), sale amount, broker, and market value
• Transaction size is small relative to outstanding shares (~0.015%), implying limited market impact
• Recent prior sales disclosed, indicating transparency about ongoing insider monetization

Negative

• Repeated insider sales (three prior 20,000-share sales in past three months) could be viewed as continued insider monetization
• No additional context provided about purpose of sales beyond compensation monetization

Insights

Securities Analyst

TL;DR: Routine insider sale of vested shares; amount is small relative to outstanding stock and appears to be scheduled compensation monetization.

The filing shows a single proposed sale of 20,000 shares acquired via restricted stock vesting on 05/15/2021 and designated as compensation. With 135,450,446 shares outstanding, the proposed sale represents roughly 0.015% of outstanding shares, indicating limited market impact. The presence of three recent, similar-size sales in the past three months suggests ongoing monetization of previously vested equity rather than a one-off disposal. The filing contains the required attestation regarding lack of undisclosed material information.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 requirements and signals transparent reporting of executive/insider sales.

The Form 144 provides the necessary disclosure elements: acquisition date and nature (restricted stock vesting), broker details, proposed sale amount and market value, and recent sale history. This transparency supports good governance practices by informing the market of insider liquidity actions. There is no information in the filing indicating material adverse undisclosed facts or unusual transaction structure.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	20000	725602.50	135450446	09/23/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/15/2021	Restricted Stock Vesting	Issuer			20000	05/15/2021	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Richard G. Thornberry 550 East Swedesford Road Suite 350 Wayne PA 19087	Common	06/24/2025	20000	734159.06
Richard G. Thornberry 550 East Swedesford Road Suite 350 Wayne PA 19087	Common	07/29/2025	20000	677986.32
Richard G. Thornberry 550 East Swedesford Road Suite 350 Wayne PA 19087	Common	08/26/2025	20000	694764.13

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for RDN report?

The Form 144 reports a proposed sale of 20,000 common shares through Fidelity with an aggregate market value of $725,602.50.

How and when were the shares being sold acquired?

The shares were acquired on 05/15/2021 through restricted stock vesting and were paid as compensation.

How many shares of RDN are outstanding according to the filing?

The filing lists 135,450,446 shares outstanding for the issuer.

Has the filer sold other RDN shares recently?

Yes. The filing discloses three sales in the past three months: 20,000 shares on 06/24/2025 for $734,159.06, 20,000 on 07/29/2025 for $677,986.32, and 20,000 on 08/26/2025 for $694,764.13.

Who is the broker handling the proposed sale?

The proposed sale is through Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI.