Erickson John C 4

What Happened
John C. Erickson, a director of NMI Holdings, Inc. (NMIH), was granted 4,512 restricted stock units (RSUs) on 2026-05-14. The grant is reported at $0.00 per share (no cash paid at grant). These RSUs are unvested and will convert to common shares if and when they vest.

Key Details

• Transaction type: Award/Grant (code A) of 4,512 restricted stock units on 2026-05-14. Reported grant price: $0.00 per unit.
• Shares owned after transaction: 17,320 common shares and 4,512 unvested RSUs (per filing footnote).
• Vesting: RSUs vest on the first anniversary of the grant date (footnote F1).
• Filing: Form 4 filed 2026-05-18 covering the 2026-05-14 grant — filed within the typical two-business-day window.
• No 10b5-1 plan, tax-withholding sale, or immediate sale noted in the filing.

Context
RSU grants are a routine form of equity compensation used to align directors and employees with shareholder interests; they are not an immediate market purchase or sale. Because these units are unvested and subject to time-based vesting, they do not represent shares available for sale until they vest.