RADIAN GROUP INC — Director's Dealing 2024

May 25, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2024-05-22

Reporting Person: Brummer Derek (President, Mortgage Insurance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-23	Common Stock	S	20000	$31.3255	Disposed	253023	Direct
2024-05-24	Common Stock	S	35000	$31.3306	Disposed	218023	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-05-22	Restricted Stock Units - Time-based Award	$0	A	25550	Acquired		Common Stock (25550)	Direct
2024-05-22	Restricted Stock Units - Performance Award	$0	A	42070	Acquired		Common Stock (42070)	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of common stock.

F2: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2024.

F3: 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.

F4: Vesting of the performance-based RSUs occurs on May 15, 2027 (between 0 and 84,140 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period.

F5: Not Applicable.