[Form 4] Radian Group Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sempra (SRE) – SEC Form 3 insider filing

Executive Vice President Caroline A. Winn has filed her initial statement of beneficial ownership dated 07 July 2025. The filing discloses:

• Common stock (direct): 44,315.94 shares
• Common stock (indirect): 10,990.93 shares held through the company 401(k) plan as of 09 July 2025
• Derivative position: 663.4 phantom shares under Sempra’s deferred-compensation plan, convertible 1-for-1 to common shares and payable in cash

The Form 3 does not represent a new purchase or sale; it simply establishes Ms. Winn’s Section 16 reporting status and confirms her existing equity alignment with shareholders. No valuation, exercise price changes, or expiration concerns are noted, and the phantom shares are immediately exercisable with no set expiration date.

Positive

• Meaningful insider alignment: EVP Winn holds over 55k SRE shares, signaling long-term commitment to the company.

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Filing shows EVP Winn’s existing 55k+ SRE share stake; governance-neutral, no transactional signal.

This Form 3 is a mandatory disclosure triggered by Ms. Winn’s officer status. It details a combined 55,306.87 common shares (direct + indirect) plus a modest 663.4 phantom-share balance. Because the shares were already owned, the filing neither adds nor removes liquidity and carries no immediate valuation impact. Still, the stake size indicates meaningful personal investment, aligning management and shareholder interests. The phantom shares, while cash-settled, represent deferred compensation rather than speculative leverage. Overall, the information is routine and unlikely to move the stock.

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^*

Quigley Robert

(Last) (First) (Middle)

RADIAN GROUP INC.

550 E SWEDESFORD ROAD, #350

(Street)

WAYNE PA 19087

(City) (State) (Zip)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Corp Controller and CAO

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Stock	07/08/2025		M		2,050	A	$18.42	62,937(1)	D
Common Stock	07/08/2025		F		1,491(2)	D	$35.64	61,446	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
Stock Option - Performance Award	$18.42	07/08/2025		M			2,050(3)	07/09/2018	07/08/2025	Common Stock	2,050	(4)	0	D

Explanation of Responses:

1. Includes 120 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2025.

2. Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the option cost and tax liability due upon the exercise of the stock option award expiring on July 8, 2025.

3. Stock option exercise of an award expiring July 8, 2025.

4. Not Applicable

	Elizabeth Diffley /s/, Elizabeth Diffley, (POA) Atty-in-fact	07/10/2025
	** 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.

FAQ

What did Sempra (SRE) disclose in the Form 3?

The company reported that EVP Caroline A. Winn owns 44,315.94 direct and 10,990.93 indirect common shares, plus 663.4 phantom shares.

Does the filing represent a new share purchase by the executive?

No. Form 3 only registers existing holdings when an individual becomes subject to Section 16 reporting.

How many SRE shares does Caroline Winn hold through the 401(k) plan?

She indirectly owns 10,990.93 shares via the company’s 401(k) savings plan as of 09 Jul 2025.

What are the terms of the phantom shares disclosed?

The 663.4 phantom shares are immediately exercisable, convertible 1-for-1 into common stock, and payable in cash with no expiration date.

Why was this Form 3 filed on 10 July 2025?

The event date (05 July 2025) likely coincides with Ms. Winn’s officer designation, triggering the initial Section 16 ownership disclosure.