Radian director’s 4,837 RSUs vest; 3 shares withheld

RADIAN GROUP INC director Noel Joseph Spiegel reported routine equity compensation activity.

Rhea-AI Filing Summary

RADIAN GROUP INC director Noel Joseph Spiegel reported routine equity compensation activity. On May 15, 2026, 4,837 time-based restricted stock units vested and were converted into an equal number of common shares under the company’s equity compensation plan.

To cover state tax withholding obligations, 3 common shares were withheld by the company at a price of $36.93 per share, rather than sold on the open market. After these transactions, Spiegel directly holds 24,841.727 common shares. The filing reflects compensation vesting and related tax withholding, not discretionary buying or selling.

Insider Trade Summary

4,837 shares exercised/converted

Exercise 3 txns

Insider Spiegel Noel Joseph

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units - Time-based Award	4,837	$0.00	$0.00
Exercise	Common Stock	4,837	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	3	$36.93	$110.79

Holdings After Transaction: Restricted Stock Units - Time-based Award — 0 contracts (Direct); Common Stock — 24,841.727 shares (Direct)

Footnotes (4)

1. F1. Vesting of time-based RSUs granted on May 21, 2025.
2. F2. Pursuant to the terms of the Company's equity compensation plan, represents shares withheld by the Company to satisfy state tax withholding obligations.
3. F3. Each RSU represents a contingent right to receive one share of common stock.
4. F4. Not Applicable

Key Figures

RSUs vested: 4,837 units Shares withheld for taxes: 3 shares Withholding price: $36.93 per share +3 more

6 metrics

RSUs vested 4,837 units Time-based restricted stock units converted to common stock on May 15, 2026

Shares withheld for taxes 3 shares Common shares withheld to satisfy state tax withholding obligations at $36.93 per share

Withholding price $36.93 per share Value used by company when withholding 3 shares for state tax obligations

Shares held after transaction 24,841.727 shares Director’s direct common stock holdings following May 15, 2026 transactions

Derivative exercises 4,837 shares Shares acquired through exercise/conversion of restricted stock units reported as derivative security

Tax-withholding transactions 1 transaction Form 4 code F entry for payment of tax liability by delivering securities

Key Terms

Restricted Stock Units - Time-based Award, time-based RSUs, equity compensation plan, tax withholding obligations, +1 more

5 terms

Restricted Stock Units - Time-based Award financial

"security_title: "Restricted Stock Units - Time-based Award""

time-based RSUs financial

"Vesting of time-based RSUs granted on May 21, 2025."

equity compensation plan financial

"Pursuant to the terms of the Company's equity compensation plan, represents shares withheld..."

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

tax withholding obligations financial

"represents shares withheld by the Company to satisfy state tax withholding obligations."

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

What did RADIAN GROUP INC (RDN) director Noel Spiegel report in this Form 4?

Director Noel Spiegel reported vesting of 4,837 restricted stock units into common shares on May 15, 2026, along with a small share withholding to satisfy tax obligations under Radian Group’s equity compensation plan.

How many Radian Group (RDN) shares vested for Noel Spiegel on May 15, 2026?

On May 15, 2026, a time-based RSU award for 4,837 units vested for director Noel Spiegel. Each RSU represented the right to receive one share of Radian Group common stock upon vesting.

Were any RADIAN GROUP INC (RDN) shares sold on the open market in this Form 4?

No open-market sales were reported. The Form 4 shows a tax-withholding disposition of 3 shares, meaning the company withheld shares at $36.93 per share to pay state tax obligations, rather than Spiegel selling shares in the market.

How many RADIAN GROUP INC (RDN) shares does Noel Spiegel hold after these transactions?

Following the May 15, 2026 equity compensation and tax-withholding entries, director Noel Spiegel directly holds 24,841.727 shares of RADIAN GROUP INC common stock, according to the post-transaction ownership reported in the Form 4.

What is the nature of the restricted stock units reported for RADIAN GROUP INC (RDN)?

The filing describes the instrument as Restricted Stock Units – Time-based Award. Footnotes state each RSU represents a contingent right to receive one share of common stock, with these RSUs vesting under Radian Group’s equity compensation plan on May 15, 2026.

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Accepted by SEC EDGAR 05/19/2026 - 05:48 PM Learn about SEC filing dates

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)
05/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		M		4,837(1)	A	$0	24,844.727	D
Common Stock	05/15/2026		F		3(2)	D	$36.93	24,841.727	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units - Time-based Award	$0(3)	05/15/2026		M			4,837(1)	05/15/2026	(4)	Common Stock	4,837	(4)	0	D

Explanation of Responses:

1. Vesting of time-based RSUs granted on May 21, 2025.

2. Pursuant to the terms of the Company's equity compensation plan, represents shares withheld by the Company to satisfy state tax withholding obligations.

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

4. Not Applicable

	Elizabeth Diffley /s/, Elizabeth Diffley, (POA) Atty-in-fact	05/19/2026
	** 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)