Radian (RDN) Sr. EVP Meghan Bartholomew Exercises Options

What Happened

• Meghan Bartholomew, Senior EVP and Co‑Head of Mortgage Insurance at Radian (RDN), exercised options that resulted in the acquisition of 2,970 shares on 2026-05-08 (exercise price $12.16; intrinsic value of shares acquired ≈ $36,115). To cover option cost and tax withholding, 1,524 shares were withheld/disposed at $38.06 each (value ≈ $58,003). Separately, she made a small open‑market purchase of 125.67 shares on 2026-03-10 at $32.98 ($4,144).

Key Details

• Transaction dates and prices:
  • 2026-03-10: bought 125.67 shares @ $32.98 = $4,144 (reported late; code L).
  • 2026-05-08: exercised options (code M) to acquire 2,970 shares @ $12.16 = $36,115.
  • 2026-05-08: 1,524 shares withheld/disposed (code F) @ $38.06 = $58,003 to satisfy option cost and taxes.
• Footnotes: Option award expired May 8, 2026; withholding was per the company’s equity incentive plan to cover exercise cost and tax liability.
• Filing status: This is an amended Form 4 filed 2026-08-07; the March 10 purchase was reported late (L). No timeliness penalties or regulatory conclusions are stated in the filing.
• Shares owned after transaction: Not disclosed in the information provided in this summary.

Context

• The 2026-05-08 activity was an option exercise with net share withholding to satisfy exercise/tax obligations (common mechanics for option exercises), not an open‑market sale of those withheld shares by the insider.
• The small March purchase is a direct buy (a mild bullish signal), but it was reported late. As always, purchases can be more informative than routine withholding or option-related disposals; these option-related withholdings are administrative and don’t necessarily indicate a change in sentiment.