Executive Chairman Bradley M. Shuster of NMI Holdings, Inc. completed a sale of 18,996 shares of the company’s common stock on March 19, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The aggregate proceeds from the sale were approximately $703,885, with a reported weighted average sale price of $37.0544 per share. Individual sale prices in the block ranged from $36.8550 to $37.4000.
The SEC filing also shows an option exercise by Shuster the day prior. On March 18, 2026, he exercised options to acquire 55,158 shares of NMIH common stock at an exercise price of $11.10, representing a total outlay of $612,253. The filing notes that 36,162 of those newly acquired shares were withheld to satisfy tax obligations tied to the exercise.
Market data in the filing indicates the stock was trading at $37.25 at the time of reporting, with a market capitalization of $2.84 billion and a price-to-earnings ratio of 7.6.
Separately, NMI Holdings disclosed fourth-quarter 2025 financial results that edged past Wall Street expectations. The company reported earnings per share of $1.20 compared with the $1.19 analysts had forecast. Revenue for the quarter came in at $180.7 million, above the $152.67 million that had been anticipated. The company’s quarterly performance was characterized in the filing as strong, and the item notes that investors showed confidence in the results.
Additional context in the SEC filing references an external valuation note: InvestingPro analysis indicates the stock appears undervalued based on its Fair Value assessment and mentions that six additional ProTips are available to subscribers. The filing does not include detailed analyst commentary on the recent earnings; the release states that analyst reactions to the quarter’s results have yet to be disclosed.
The filings provide direct documentation of the insider transactions and the company’s reported quarter, but they offer limited commentary on how the option exercise, subsequent sale, and quarterly results should be interpreted beyond the raw figures and the InvestingPro valuation reference.