Radian Group (NYSE: RDN) director trades stock and receives RSU grant

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Radian Group Inc. director Noel Joseph Spiegel reported two transactions. On May 26, 2026, he sold 4,834 shares of common stock in an open‑market sale at $36.185 per share, and held 20,007.727 shares directly afterward.

On May 21, 2026, he received a grant of 4,300 time-based restricted stock units as an annual equity award for non‑employee directors. Each RSU represents the right to receive one share of common stock and vests on May 25, 2027.

Insider Trade Summary

Net Seller: 4,834 shares ($174,918)

Net Sell 2 txns

Insider Spiegel Noel Joseph

Role null

Sold 4,834 shs ($175K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,834	$36.185	$175K
Grant/Award	Restricted Stock Units - Time-based Award	4,300	$0.00	--

Holdings After Transaction: Common Stock — 20,007.727 shares (Direct, null); Restricted Stock Units - Time-based Award — 4,300 shares (Direct, null)

Footnotes (1)

Each RSU represents a contingent right to receive one share of common stock. Award represents an annual equity award to non-employee directors. The time-based RSUs vest on May 25, 2027. Not Applicable

Key Figures

Shares sold: 4,834 shares Sale price: $36.185 per share Shares held after sale: 20,007.727 shares +2 more

5 metrics

Shares sold 4,834 shares Open-market sale of common stock on May 26, 2026

Sale price $36.185 per share Price for Radian Group common stock sale

Shares held after sale 20,007.727 shares Direct common stock ownership following the transaction

RSUs granted 4,300 RSUs Time-based restricted stock unit award on May 21, 2026

RSU vesting date May 25, 2027 Vesting date for time-based RSU award

Key Terms

open-market sale, Restricted Stock Units - Time-based Award, time-based RSUs, annual equity award

4 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Restricted Stock Units - Time-based Award financial

"Restricted Stock Units - Time-based Award"

time-based RSUs financial

"The time-based RSUs vest on May 25, 2027."

annual equity award financial

"Award represents an annual equity award to non-employee directors."

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 05:49 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^*

Spiegel Noel Joseph

(Last)

(First)

(Middle)

550 E. SWEDESFORD ROAD, 350

(Street)

WAYNE

PENNSYLVANIA

19087

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [ RDN ]

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)
05/21/2026

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 Stock	05/26/2026		S		4,834	D	$36.185	20,007.727	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)
Restricted Stock Units - Time-based Award	$0⁽¹⁾	05/21/2026		A		4,300⁽²⁾		05/25/2027⁽³⁾	⁽⁴⁾	Common Stock	4,300	⁽⁴⁾	4,300	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one share of common stock.

2. Award represents an annual equity award to non-employee directors.

3. The time-based RSUs vest on May 25, 2027.

4. Not Applicable

	Elizabeth Diffley /s/,Elizabeth Diffley, (POA) Atty-in-fact	05/26/2026
	** 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 transactions did RDN director Noel Joseph Spiegel report?

He reported an open-market sale of common stock and a new RSU grant. The sale covered 4,834 shares, while the grant added 4,300 time-based restricted stock units as part of his annual non-employee director equity compensation.

How many Radian Group (RDN) shares did the director sell and at what price?

He sold 4,834 shares of Radian Group common stock at $36.185 per share. This was an open-market transaction, and after the sale he directly owned 20,007.727 common shares according to the Form 4 disclosure.

What RSU award did the RDN director receive in this Form 4 filing?

He received 4,300 time-based restricted stock units as an annual equity award for non-employee directors. Each RSU equals one share of common stock and will convert into shares if vesting conditions are met on the stated vesting date.

When do Noel Joseph Spiegel’s RDN restricted stock units vest?

The time-based RSUs vest on May 25, 2027, according to the filing footnotes. Once vested, each RSU represents the right to receive one share of Radian Group common stock, subject to the award’s terms and any applicable plan provisions.

How many RDN common shares does the director hold after the reported sale?

Following the open-market sale, he directly holds 20,007.727 shares of Radian Group common stock. This figure reflects his direct ownership position immediately after selling 4,834 shares at $36.185 per share as disclosed in the Form 4.

What does each RDN restricted stock unit represent for the director?

Each RSU represents a contingent right to receive one share of Radian Group common stock. The director does not receive the shares immediately; delivery occurs if the RSUs vest on May 25, 2027 under the award’s time-based conditions.