SHUSTER BRADLEY M (Executive Chairman) sold 4.4% of their position (18.98K shares) of NMI HOLDINGS, INC. on the open market

Open‑market sale worth $694.1K — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

SHUSTER BRADLEY M

Filed: 3/12/2026ACC: 0001052831-26-000015

InsiderSHUSTER BRADLEY MCIK 1052831

→

IssuerNMI HOLDINGS, INC.CIK 1547903

DirectorOfficer· Executive Chairman

Since Mar 2026

-55.16K

Net shares

Net seller

$694.1K

Total sold

Open market trades

0B · 1S

Total transactions

55.16K acquired · 110.32K disposed

Non-Derivative Transactions3

Common Shares, $0.01 par value per share

Direct

M · Option Exercise

+55.16K

Price / share

$11.10

Trade value

$612.25K

% of position

13.3%

3/11/2026

415.41K→470.57K

Common Shares, $0.01 par value per share

Direct

F · Tax Withholding

−36.18K

Price / share

—

Trade value

—

% of position

7.7%

3/11/2026

470.57K→434.39K

Common Shares, $0.01 par value per share

Direct

S · Sale

−18.98K

Price / share

$36.58

Trade value

$694.15K

% of position

4.4%

3/12/2026

434.39K→415.41K

Total

Net shares

+0.00

Net value

-$81.89K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares, $0.01 par value per share Direct	3/11/2026	M · Option Exercise	+55.16K	$11.10	$612.25K	13.3%	415.41K	470.57K
Common Shares, $0.01 par value per share Direct	3/11/2026	F · Tax Withholding	−36.18K	—	—	7.7%	470.57K	434.39K
Common Shares, $0.01 par value per share Direct	3/12/2026	S · Sale	−18.98K	$36.58	$694.15K	4.4%	434.39K	415.41K
Total			+0.00		-$81.89K

Derivative Transactions1

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares, $0.01 par value per share

55.16K shares

−55.16K

Strike price

11.10

Held after

110.31K

Exercisable

—

3/11/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (right to buy) Direct	Common Shares, $0.01 par value per share55.16K shares	3/11/2026	M · Option Exercise	−55.16K	11.10	—	110.31K

Non-Derivative Holdings (Post-Transaction)1

Common Shares, $0.01 par value per share

Indirect

Shares owned47.15K

Total

47.15K indirect47.15K

Security Title	Shares Owned	Ownership Type
Common Shares, $0.01 par value per share	47.15K	Indirect
Total	47.15K	47.15K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported