Smith Robert Owen 4

What Happened Robert Owen Smith, EVP and Chief Risk Officer of NMI Holdings, had a total of 5,347 shares withheld to satisfy tax withholding when restricted stock units vested. The Form 4 reports dispositions of 3,383 shares on 2026-02-07 and 1,964 shares on 2026-02-08; both are listed at $0.00 on the form because the shares were withheld to cover taxes rather than sold on the open market. The filing was submitted on 2026-02-10.

Key Details

• Transaction dates and reported amounts:
  • 2026-02-07: 3,383 shares withheld (reported at $0.00)
  • 2026-02-08: 1,964 shares withheld (reported at $0.00)
  • Total withheld: 5,347 shares
• Shares owned after the transactions (per filing): 61,417 common shares and 17,802 unvested restricted stock units.
• Footnotes:
  • Withholdings relate to RSUs granted 02/07/2024 (F1) and 02/08/2023 (F2).
  • Net settlement price for withholding was equal to the closing price on 02/06/2026 (per footnotes).
  • Vesting schedule for these RSUs: 40% at each of the first and second anniversaries, and 20% at the third anniversary.
• Filing: Form 4 filed 2026-02-10; no late-filing flag indicated.

Context These transactions are tax-withholding events tied to RSU vesting (a routine administrative disposition), not open-market sales or purchases. The $0.00 price on the Form 4 reflects shares withheld to cover taxes rather than cash proceeds; the actual per-share value was the stock’s close on 2026-02-06 as noted in the filing. Such withholdings reduce the insider’s outstanding common shares and are generally considered administrative, not a direct signal of the insider’s view on the company.