Yousaf Mohammad Nawaz 4
4 · NMI Holdings, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
NMIH EVP Yousaf Nawaz Withholds 3,041 Shares for Taxes
What Happened
Yousaf Mohammad Nawaz, EVP and Chief of Operations & Technology at NMI Holdings (NMIH), had a total of 3,041 shares withheld by the company to satisfy withholding taxes related to the vesting of restricted stock units (RSUs). The Form 4 reports dispositions of 1,969 shares on Feb 7, 2026 and 1,072 shares on Feb 8, 2026 at $0.00 per share (reported proceeds $0). Footnotes state the shares were net-settled based on the closing price on Feb 6, 2026.
Key Details
- Transactions: Feb 7, 2026 — 1,969 shares withheld (reported @ $0.00); Feb 8, 2026 — 1,072 shares withheld (reported @ $0.00). Total withheld: 3,041 shares.
- Reported value/proceeds: $0 (Form 4 tax-withholding reporting); footnotes indicate net settlement used closing price on Feb 6, 2026 to determine withholding.
- Holdings after transaction: 18,252 common shares and 12,408 unvested RSUs (per filing footnote).
- Vesting details: RSUs granted Feb 7, 2024 vest 40%/40%/20%; RSUs granted Feb 8, 2023 vest 40%/40%/20% (footnotes).
- Nature of transaction: Tax withholding on RSU vesting (transaction code F). These are company-withheld shares to cover taxes, not an open-market sale.
- Filing: Form 4 filed Feb 10, 2026 (covers transactions dated Feb 7–8, 2026).
Context
This is a routine tax-withholding event tied to RSU vesting and does not necessarily indicate a deliberate buy or sell decision by the insider. Although the Form 4 reports $0 proceeds for the withheld shares, the actual value used to calculate the withholding was the closing stock price on Feb 6, 2026 (per footnotes), and the withheld shares are surrendered to the company to cover tax obligations rather than sold on the market.
Insider Transaction Report
- Tax Payment
Common Shares, $0.01 par value per share
[F1]2026-02-07−1,969→ 31,732 total - Tax Payment
Common Shares, $0.01 par value per share
[F2][F3]2026-02-08−1,072→ 30,660 total
Footnotes (3)
- [F1]Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of certain restricted stock units granted to the reporting person on February 7, 2024 at a net settlement price equal to the closing stock price on February 6, 2026. The shares underlying these restricted stock units vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary of the grant date.
- [F2]Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of certain restricted stock units granted to the reporting person on February 8, 2023 at a net settlement price equal to the closing stock price on February 6, 2026. The shares underlying these restricted stock units vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary of the grant date.
- [F3]Represents 18,252 common shares and 12,408 unvested restricted stock units.