RADIAN GROUP INC — Director's Dealing 2023

May 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2023-05-13

Reporting Person: Brummer Derek (President, Mortgage)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-13	Common Stock	M	11466	—	Acquired	152981	Direct
2023-05-13	Common Stock	M	4792	—	Acquired	157773	Direct
2023-05-13	Common Stock	F	9786	$24.89	Disposed	147987	Direct
2023-05-15	Common Stock	M	10283	—	Acquired	158270	Direct
2023-05-15	Common Stock	M	11016	—	Acquired	169286	Direct
2023-05-15	Common Stock	M	44624	—	Acquired	213910	Direct
2023-05-15	Common Stock	F	27663	$25.04	Disposed	186247	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-13	Restricted Stock Units - Time-based Award	$	M	11466	Disposed		Common Stock (11466)	Direct
2023-05-13	Restricted Stock Units - Performance Award	$	M	4792	Disposed		Common Stock (4792)	Direct
2023-05-15	Restricted Stock Units - Time-based Award	$	M	10283	Disposed		Common Stock (10283)	Direct
2023-05-15	Restricted Stock Units - Time-based Award	$	M	11016	Disposed		Common Stock (11016)	Direct
2023-05-15	Restricted Stock Units - Performance Award	$	M	44624	Disposed		Common Stock (44624)	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 the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 13, 2020, which are subject to a one-year post vest holding period.

F3: 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 May 13, 2020, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 119,900 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold.

F4: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.

F5: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.

F6: Represents distribution of shares of common stock related to RSUs that were granted May 15, 2019, which vested on May 15, 2022 and were subject to a one-year post-vest hold.

F7: 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 May 12, 2021 and May 11, 2022, as well as the shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the performance-based RSUs granted May 15, 2019, following completion of the one-year hold period after vesting of the RSUs.

F8: Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.

F9: 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 119,900 performance-based RSUs granted May 13, 2020.

F10: Each RSU represents a contingent right to receive one share of common stock.

F11: Not Applicable