Mohammad Nawaz Yousaf - Feb 12, 2025 Form 4 Insider Report for NMI Holdings, Inc. (NMIH)

Signature
/s/ Augustin Joo, as Attorney-in-Fact
Stock symbol
NMIH
Transactions as of
Feb 12, 2025
Transactions value $
$0
Form type
4
Date filed
2/14/2025, 09:07 PM
Previous filing
Feb 11, 2025
Next filing
Feb 25, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NMIH Restricted Stock Unit (right to receive) Award $0 +10.1K +36.86% $0.00 37.6K Feb 12, 2025 Direct F1
transaction NMIH Common Shares, $0.01 par value per share Award $0 +20.9K +55.56% $0.00 58.5K Feb 12, 2025 Direct F2
transaction NMIH Common Shares, $0.01 par value per share Tax liability $0 -8.23K -14.06% $0.00 50.3K Feb 12, 2025 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan on February 12, 2025. The restricted stock units vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary of the grant date.
F2 On February 9, 2022, the reporting person was granted performance-based restricted stock units (PRSUs) pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan. Each PRSU represents a contingent right to receive shares of NMIH's common shares upon settlement. The PRSUs vest at the end of the three-year period following the grant on the date that the Compensation Committee of the Board of Directors certifies attainment, based on NMIH's satisfaction of certain performance criteria. The performance criteria were met on February 12, 2025, resulting in the issuance of 20,904 vested PRSUs.
F3 Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of the PRSUs granted to the reporting person on February 9, 2022 at a net settlement price equal to the closing stock price on February 12, 2025.
F4 Represents 30,620 common shares and 19,681 unvested restricted stock units.