RADIAN GROUP INC — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2020-05-12

Reporting Person: Brummer Derek (President, Mortgage)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-10	Common Stock	M	1450	—	Acquired	128409	Direct
2018-05-10	Common Stock	F	1450	$13.78	Disposed	126959	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-12	Restricted Stock Unit - Performance Award	$0	M	1450	Disposed		Common Stock (1450)	Direct

Footnotes

F1: Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 34,795 performance-based RSUs granted May 10, 2017.

F2: Represents the total shares vested (net of shares withheld for taxes pursuant to our equity plan) based on performance of performance-based RSU awards granted May 10, 2017. These vested shares remain subject to a one-year post-vest holding period.

F3: Vesting occurred on the third anniversary of the grant date based on satisfaction of perforrmance metrics, subject to the certification of these results on May 12, 2020.

F4: Each RSU represents a contingent right to receive one share of common stock.

F5: Not Applicable.