Richard G. Thornberry - 15 May 2025 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Chief Executive Officer, Director
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer symbol
RDN
Transactions as of
15 May 2025
Transactions value $
-$5,583,241
Form type
4
Filing time
19 May 2025, 19:41:56 UTC
Previous filing
30 Apr 2025
Next filing
23 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Thornberry Richard G Chief Executive Officer, Director RADIAN GROUP INC., 550 E SWEDESFORD ROAD, #350, WAYNE Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact 19 May 2025 0001699782

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise $0 +272K +33.6% $0.00 1.08M 15 May 2025 Direct F1, F2
transaction RDN Common Stock Options Exercise $0 +31.5K +2.91% $0.00 1.11M 15 May 2025 Direct F2, F3
transaction RDN Common Stock Options Exercise $0 +31.5K +2.83% $0.00 1.14M 15 May 2025 Direct F2, F4
transaction RDN Common Stock Options Exercise $0 +25.5K +2.23% $0.00 1.17M 15 May 2025 Direct F2, F5
transaction RDN Common Stock Options Exercise $0 +12.2K +1.04% $0.00 1.18M 15 May 2025 Direct F2, F6
transaction RDN Common Stock Tax liability -$5.58M -164K -13.88% $34.04 1.02M 15 May 2025 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDN Restricted Stock Units - Performance Award Options Exercise -272K -100% 0 15 May 2025 Common Stock 272K Direct F1, F2, F8
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -31.5K -100% 0 15 May 2025 Common Stock 31.5K Direct F2, F3, F8
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -31.5K -50% 31.5K 15 May 2025 Common Stock 31.5K Direct F2, F4, F8
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -25.5K -33.33% 51.1K 15 May 2025 Common Stock 25.5K Direct F2, F5, F8
transaction RDN Restricted Stock Units - Performance Award Options Exercise -12.2K -4.07% 287K 15 May 2025 Common Stock 12.2K Direct F2, F6, F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents distribution of shares of common stock related to RSUs that were granted May 12, 2021, which vested on May 15, 2024 and were subject to a one-year post-vest hold.
F2 Each RSU represents a contingent right to receive one share of common stock.
F3 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.
F4 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023.
F5 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024.
F6 Pursuant to the terms of the Company's equity incentive plan, represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 11, 2022, which are subject to a one-year post vest holding period.
F7 Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon: (a) the distribution of the time-based RSUs granted on May 11, 2022, May 17, 2023, and May 22, 2024; (b) the vesting of 299,232 performance-based RSUs granted May 11, 2022, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 12, 2021, following completion of the one-year hold period after vesting of the RSUs.
F8 Not Applicable
F9 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F10 Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of performance-based RSUs granted May 11, 2022.