Pollitzer Adam 4

What Happened
Adam Pollitzer, CEO of NMI Holdings (NMIH), had a total of 26,062 shares withheld by the company to satisfy tax withholding obligations when certain restricted stock units (RSUs) vested. The filing reports two dispositions: 16,665 shares on 2026-02-07 and 9,397 shares on 2026-02-08. The Form 4 shows $0 cash proceeds for these dispositions (they were net share settlements to cover taxes, not open-market sales).

Key Details

• Transactions: 2026-02-07 — 16,665 shares withheld (Disposition, reported $0); 2026-02-08 — 9,397 shares withheld (Disposition, reported $0). Total withheld: 26,062 shares.
• Filing date: 2026-02-10 — appears to be filed within the normal Form 4 window (timely).
• Beneficial ownership after these transactions (per footnote): 215,048 common shares and 88,355 unvested RSUs.
• Footnotes:
  • The 16,665 shares relate to RSUs granted 2/7/2024; the 9,397 shares relate to RSUs granted 2/8/2023.
  • Each set was net-settled to satisfy withholding taxes at a net settlement price equal to the closing price on 2026-02-06.
  • These were tax-withholding dispositions (transaction code F), not open-market sales or purchases.

Context: This is a routine tax-withholding transaction tied to RSU vesting (a "net settlement" where the company retains shares to cover taxes). Such withholdings are administrative and do not necessarily signal a CEO buying or selling stock as a market-confidence indicator.