SCHEID STEVEN 4

What Happened
Steven Scheid, a director of NMI Holdings, received a grant of 4,512 restricted stock units (RSUs) on 2026-05-14. The Form 4 reports the RSUs as acquired at $0.00 (reported value $0). These RSUs were granted under the NMIH Amended and Restated 2014 Omnibus Incentive Plan and vest on the first anniversary of the grant.

Key Details

• Transaction date: 2026-05-14; reported acquisition of 4,512 RSUs at $0.00 per share (total reported $0).
• Shares owned after the transaction: 4,439 common shares and 4,512 unvested RSUs (per filing footnote).
• Grant terms: RSUs granted under the 2014 Omnibus Incentive Plan; vest on the first anniversary of the grant (per footnote).
• Filing: Form 4 filed 2026-05-18. This filing is within the standard two-business-day reporting window following the 2026-05-14 transaction (timely).

Context
RSUs are a compensation award that typically convert to common shares at vesting (and may be subject to forfeiture until then). This is not a purchase or sale of existing shares, so it should be viewed as routine equity compensation rather than an immediate market signal.