RADIAN GROUP INC — Director's Dealing 2021

May 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2021-05-12

Reporting Person: Thornberry Richard G (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-13	Common Stock	M	37425	—	Acquired	364914	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-12	Restricted Stock Units - Time Vested Award	$0.0	A	84720	Acquired		Common Stock (84720)	Direct
2021-05-12	Restricted Stock Units - Performance Award	$0.0	A	141760	Acquired		Common Stock (141760)	Direct
2021-05-13	Restricted Stock Units - Time-based Award	$0.0	M	37425	Disposed		Common Stock (37425)	Direct

Footnotes

F1: Vesting of one-third of the time-based RSUs granted on May 13, 2020.

F2: Each RSU represents a contingent right to receive one share of common stock.

F3: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2021.

F4: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award.

F5: Vesting of the performance-based RSUs occurs on the third anniversary of the grant date (between 0 and 283,520 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Distribution of shares is generally subject to a one-year holding period after vesting.

F6: Not Applicable.