NMI Holdings, Inc. — Director's Dealing 2021

Jan 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NMI Holdings, Inc. (NMIH)
CIK: 0001547903
Period of Report: 2021-01-04

Reporting Person: SHUSTER BRADLEY M (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-04	Class A Common Shares, $0.01 par value per share	M	36628	$11.75	Acquired	636679	Direct
2021-01-04	Class A Common Shares, $0.01 par value per share	S	36628	$21.9215	Disposed	600051	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-04	Stock Option (right to buy)	$11.75	M	36628	Disposed	2023-02-14	Class A Common Shares, $0.01 par value per share (36628.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Shares, $0.01 par value per share	47150	Indirect

Footnotes

F1: Mr. Shuster has adopted a 10b5-1 Plan. This 10b5-1 Plan allows for the orderly disposition of a portion of shares owned by Mr. Shuster as part of his investment and financial planning needs, including individual asset diversification. The shares were sold pursuant to the 10b5-1 Plan.

F2: The common stock was sold by the reporting person in a series of open market transactions on the transaction date at a weighted average sale price of $21.9215. The range of sale prices was $21.61 to $22.73. The reporting person undertakes to provide, upon request by SEC staff, the issuer, or a securityholder of the issuer, full information regarding the number of shares sold at each price.

F3: Represent 521,120 class A common shares and 78,931 unvested restricted stock units.

F4: The option fully vested on February 14, 2016.