RADIAN GROUP INC — Director's Dealing 2025

May 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2025-05-15

Reporting Person: Ray Eric (Sr. EVP, Chief Digital Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-15	Common Stock	M	56086	—	Acquired	56086	Direct
2025-05-15	Common Stock	M	5667	—	Acquired	61753	Direct
2025-05-15	Common Stock	M	4720	—	Acquired	66473	Direct
2025-05-15	Common Stock	M	3833	—	Acquired	70306	Direct
2025-05-15	Common Stock	M	2010	—	Acquired	72316	Direct
2025-05-15	Common Stock	F	28359	$34.04	Disposed	43957	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-15	Restricted Stock Units - Performance Award	$	M	56086	Disposed		Common Stock (56086)	Direct
2025-05-15	Restricted Stock Units - Time-based Award	$	M	5667	Disposed		Common Stock (5667)	Direct
2025-05-15	Restricted Stock Units - Time-based Award	$	M	4720	Disposed		Common Stock (4720)	Direct
2025-05-15	Restricted Stock Units - Time-based Award	$	M	3833	Disposed		Common Stock (3833)	Direct
2025-05-15	Restricted Stock Units - Performance Award	$	M	2010	Disposed		Common Stock (2010)	Direct

Footnotes

F1: Represents distribution of shares of common stock related to RSUs that were granted May 12, 2021, which vested on May 15, 2024 and were subject to a one-year post-vest hold.

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

F3: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.

F4: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023.

F5: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024.

F6: Pursuant to the terms of the Company's equity incentive plan, represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 11, 2022, which are subject to a one-year post vest holding period.

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: (a) the distribution of the time-based RSUs granted on May 11, 2022, May 17, 2023, and May 22, 2024; (b) the vesting of 53,875 performance-based RSUs granted May 11, 2022, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 12, 2021, following completion of the one-year hold period after vesting of the RSUs.

F8: Not Applicable

F9: Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.

F10: 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 performance-based RSUs granted May 11, 2022.