EMBLER MICHAEL J 4

What Happened

• Michael J. Embler, a director of NMI Holdings, Inc. (NMIH), received a grant of 4,512 restricted stock units (RSUs) on 2026-05-14. The RSUs were reported at $0.00 on the Form 4 (transaction code A — award/grant). These RSUs will convert to shares if vesting conditions are met; no cash changed hands at grant.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filed within the SEC’s typical two-business-day window).
• Grant size and price: 4,512 RSUs, reported at $0.00 per unit.
• Ownership after grant: Footnote indicates Embler holds 46,046 common shares and 4,512 unvested RSUs (combined total reported in filing).
• Footnotes: F1 — RSUs granted under the NMIH Amended & Restated 2014 Omnibus Incentive Plan; they vest on the first anniversary of the grant date. F2 — clarifies total holdings (46,046 shares + 4,512 unvested RSUs).

Context

• RSU grants are a common form of director compensation that deliver equity if vesting conditions are met; they are neither an outright purchase nor a sale. This grant increases Embler’s potential future equity stake upon vesting but does not immediately change his common-stock holdings until the RSUs vest.