RADIAN GROUP INC — Director's Dealing 2022

May 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2022-05-13

Reporting Person: Thornberry Richard G (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-13	Common Stock	M	37425	—	Acquired	485404	Direct
2022-05-15	Common Stock	M	28239	—	Acquired	513643	Direct
2022-05-15	Common Stock	M	17608	—	Acquired	531251	Direct
2022-05-15	Common Stock	M	6326	—	Acquired	537577	Direct
2022-05-15	Common Stock	F	39979	$21.19	Disposed	497598	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-13	Restricted Stock Units - Time-based Award	$0	M	37425	Disposed		Common Stock (37425)	Direct
2022-05-15	Restricted Stock Units - Time-based Award	$0	M	28239	Disposed		Common Stock (28239)	Direct
2022-05-15	Restricted Stock Units - Time-based Award	$0	M	17608	Disposed		Common Stock (17608)	Direct
2022-05-15	Restricted Stock Units - Performance Award	$0	F	6326	Disposed		Common Stock (6326)	Direct

Footnotes

F1: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.

F2: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.

F3: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 15, 2019.

F4: Represents the shares netted for taxes from the vesting of the performance-based RSU award granted May 15, 2019, which are subject to a one-year post vest holding period

F5: 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 distribution of the time-based RSUs granted on each of May 15, 2019, May 13, 2020 and May 12, 2021, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 156,450 performance-based RSUs granted May 15, 2019, net of which remain subject to a one year post-vest hold.

F6: Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.

F7: Pursuant to the terms of the Company???s equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 156,450 performance-based RSUs granted May 15, 2019.

F8: Each RSU represents a contingent right to receive one share of common stock.

F9: Not Applicable.