Executive Chairman Sells Over $700K in Open Market Shares Following Option Exercise
NMIH sits 16% above its 52-week low of $31.9 on light trading volume (0.2× avg).
Summary
NMI Holdings' Executive Chairman, Bradley M. Shuster, sold over $700,000 worth of common stock in an open market transaction, following an option exercise.
Key Events · Ownership and Investor Activity · NMIH
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Executive Chairman Sells Shares
Bradley M. Shuster, Executive Chairman, sold 18,953 shares of common stock for a total value of $707,832.01 at an average price of $37.35 per share on March 24, 2026.
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Option Exercise Precedes Sale
The open market sale followed the exercise of 55,156 options at an exercise price of $11.10 per share on March 23, 2026, costing $612,231.60.
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Ongoing Insider Distribution
This transaction contributes to a net insider selling trend of over $6.6 million in open market transactions over the last 90 days, involving three active insiders.
Analysis · NMIH · Finance
This Form 4 filing indicates that Executive Chairman Bradley M. Shuster exercised options and subsequently sold a significant portion of shares in the open market. While the option exercise itself is a routine event, the open market sale of over $700,000 by a key insider represents a notable disposition of shares. This transaction contributes to a broader pattern of insider distribution observed over the past 90 days, with net insider sales totaling over $6.6 million. Investors may view this as a signal of reduced conviction from a top executive.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NMIH was trading at $37.09 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $31.90 to $43.20. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.