Insider sale and option exercise
NMI Holdings, Inc. (NASDAQ:NMIH) disclosed that Executive Chairman Bradley M. Shuster sold 18,953 shares of common stock on March 24, 2026. The transaction was executed at a weighted average price of $37.3467 per share, resulting in gross proceeds of $707,832. The prices paid by buyers in the sale ranged from $36.8850 to $37.6100.
According to a Form 4 filed with the Securities and Exchange Commission, Shuster also exercised stock options on March 23, 2026, to acquire 55,156 shares at an exercise price of $11.10 per share, representing total exercise value of $612,231. In connection with the cashless exercise and to satisfy withholding tax obligations, 36,203 shares were withheld.
Post-transaction holdings
Following these activities, Shuster's direct ownership in NMI Holdings stands at 415,411 shares of common stock. In addition, 47,150 shares are held by the Shuster Family Trust.
Market context and valuation note
The insider sale occurred while NMIH shares were trading at $37.09, a level close to a cited Fair Value estimate of $38.31. The company is shown with a price-to-earnings ratio of 7.54 and a designated financial health assessment described as "GREAT" in the referenced valuation material. The referenced service also notes further proprietary research coverage and tips available in its pro research reports for NMIH and other U.S. equities.
Recent earnings performance
NMI Holdings reported fourth-quarter 2025 results that exceeded Wall Street expectations. The company delivered earnings per share of $1.20, narrowly above the $1.19 forecast. Revenue for the quarter was $180.7 million, surpassing an anticipated $152.67 million. Those reported results are presented in the filing as indicators of the company’s financial performance for the latest quarter.
Observations
The filings document routine insider activity - a combination of option exercise followed by a partial disposition of shares - alongside a quarterly report that beat consensus estimates on both EPS and revenue. The disclosures also provide the updated count of shares held directly and by a family trust.
Note: This article reports information contained in company filings and published valuation and earnings figures. It does not include commentary beyond the reported facts.