Quigley Robert 4

What Happened

• Robert Quigley, Senior Executive Vice President and Chief Accounting Officer at Radian Group Inc., exercised stock options that expired May 8, 2026. He acquired 3,100 common shares at an exercise price of $12.16 per share (total exercise consideration $37,696).
• To satisfy the option cost and tax liability, the company withheld 1,908 shares and treated those as a disposition at $38.06 per share (withheld value ~$72,618). The filing also shows the derivative (the option) was disposed of as part of the exercise.

Key Details

• Transaction date: May 8, 2026 (reported May 12, 2026 — filing meets the 2-business-day deadline).
• Option exercise: 3,100 shares at $12.16 (total $37,696) — transaction code M (exercise/conversion).
• Tax/option withholding: 1,908 shares withheld at $38.06 (value ~$72,618) — transaction code F (withholding to satisfy tax/option cost).
• The form shows the option (derivative) was converted/disposed in connection with the exercise (disposition of derivative instrument).
• Footnotes: F1 — award expired May 8, 2026; F3 — shares were withheld under the company’s equity plan to satisfy option cost and tax liability; F2 notes 106 shares acquired under ESPP on 12/31/2025 (reported in filing); F4 N/A.
• Shares owned after the transactions / total beneficial ownership: not specified in the provided filing extract.

Context

• This was an option exercise with net settlement: Quigley exercised options to obtain shares and the company withheld shares to cover the exercise cost and taxes (a common, routine practice). The withholding—rather than an open-market sale—was used to satisfy liabilities, so the transaction does not by itself indicate an independent sale for investment purposes.
• Transaction codes: M = option exercise (acquisition of shares); F = shares withheld/disposed to cover taxes or exercise cost.