Radian chair sells shares, receives new RSU grant

Radian Group’s non-executive chairman Howard Bernard CULANG reported mixed insider activity.

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Form Type

Rhea-AI Filing Summary

Radian Group’s non-executive chairman Howard Bernard CULANG reported mixed insider activity. On May 26, 2026, he sold 5,000 shares of common stock in an open-market sale at $36.20 per share, leaving him with 11,662 directly held shares.

On May 21, 2026, he also received a grant of 7,660 time-based restricted stock units, each representing one future share of common stock. These RSUs vest on May 25, 2027, adding a compensation-based equity component to his future ownership.

Insider Trade Summary

Net Seller: 5,000 shares

Net Sell 2 txns

Insider CULANG HOWARD BERNARD

Role Director

Sold 5,000 shs ($181K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$36.20	$181K
Grant/Award	Restricted Stock Units - Time-based Award	7,660	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - Time-based Award — 7,660 contracts (Direct); Common Stock — 11,662 shares (Direct)

Footnotes (4)

F1. Each RSU represents a contingent right to receive one share of common stock.
F2. Award represents an annual equity award to non-employee directors.
F3. The time-based RSUs vest on May 25, 2027.
F4. Not Applicable

Key Figures

Shares sold: 5,000 shares Sale price: $36.20 per share Post-sale holdings: 11,662 shares +3 more

6 metrics

Shares sold 5,000 shares Open-market sale of common stock on May 26, 2026

Sale price $36.20 per share Price for 5,000-share open-market sale

Post-sale holdings 11,662 shares Common stock directly held after sale

RSUs granted 7,660 RSUs Time-based restricted stock unit award on May 21, 2026

Underlying common shares 7,660 shares Common stock issuable upon RSU vesting

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, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for 5,000 common shares at $36.20"

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

"security_title: "Restricted Stock Units - Time-based Award" with 7,660 units granted"

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."

contingent right financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Radian Group (RDN) report for Howard Bernard CULANG?

CULANG reported one sale and one equity award. He sold 5,000 Radian Group common shares on May 26, 2026, and received 7,660 time-based restricted stock units on May 21, 2026, which will convert into common shares when they vest.

How many Radian Group shares did Howard Bernard CULANG sell and at what price?

He sold 5,000 shares of Radian Group common stock at $36.20 per share. The transaction is classified as an open-market sale and, after this sale, his directly held common stock position is reported as 11,662 shares.

What equity award did Radian Group grant to Howard Bernard CULANG on May 21, 2026?

He received a grant of 7,660 time-based restricted stock units on May 21, 2026. Each RSU represents a contingent right to receive one share of Radian Group common stock, providing additional equity-based compensation tied to future vesting.

When do Howard Bernard CULANG’s newly granted RSUs in Radian Group vest?

The time-based restricted stock units vest on May 25, 2027. Upon vesting, each of the 7,660 RSUs converts into one share of Radian Group common stock, increasing his ownership through equity compensation rather than immediate cash transactions.

How many Radian Group shares does Howard Bernard CULANG hold after these transactions?

After selling 5,000 shares on May 26, 2026, CULANG holds 11,662 shares of Radian Group common stock directly. In addition, he holds 7,660 time-based RSUs that, once vested, will further increase his effective equity exposure.

Are Howard Bernard CULANG’s new RSUs in Radian Group immediately exercisable?

No. The 7,660 restricted stock units are time-based awards that vest on May 25, 2027. Until vesting, they represent contingent rights rather than currently exercisable securities or tradable common shares.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/26/2026 - 05:50 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^*

CULANG HOWARD BERNARD

(Last)

(First)

(Middle)

RADIAN GROUP INC.

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)	X	Other (specify below)
			Non-Exec Chairman of the Board

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		5,000	D	$36.2	11,662	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		7,660⁽²⁾		05/25/2027⁽³⁾	⁽⁴⁾	Common Stock	7,660	⁽⁴⁾	7,660	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