Exercise4

NMI Holdings, Inc.

Total Value

$2.4M

Filing Date

Sep 9, 2026

1 transactions

Trade Summary

On Sep 4, 2026, Pollitzer Adam, Chief Executive Officer, Director, reported $2.4M of NMI Holdings, Inc. (NMIH) across 1 transactions. The filing covers Common Shares, $0.01 par value per share and reflects balanced net activity of $0. Reported prices ranged from $16.00 to $22.19. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.

Insider Information

Name: Pollitzer Adam
Role: Chief Executive Officer, Director
Location: EMERYVILLE, CA

Filing Details

Filing Date: Sep 9, 2026
Transaction Date: Sep 4, 2026
Accession Number: 0001706001-26-000009
Form Type: 4

Non-Derivative Transactions

Date	Security	Shares	Price	Type	Value
Sep 4, 2026	Common Shares, $0.01 par value per share	16,264	$18.70	Exercise	$304.1K
Sep 4, 2026	Common Shares, $0.01 par value per share	19,435	$16.00	Exercise	$311.0K
Sep 4, 2026	Common Shares, $0.01 par value per share	25,426	$22.19	Exercise	$564.2K

Derivative Transactions

Date	Security	Shares	Exercise Price	Type	Value
Sep 4, 2026	NMIH derivative	16,264	$18.70	Exercise	$304.1K
Sep 4, 2026	NMIH derivative	19,435	$16.00	Exercise	$311.0K
Sep 4, 2026	NMIH derivative	25,426	$22.19	Exercise	$564.2K

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Footnotes

(F1)Represents 208,338 common shares and 123,054 unvested restricted stock units.
(F2)The option vested in full on February 7, 2021.
(F3)The option vested in full on March 15, 2021.
(F4)The option vested in full on February 13, 2022.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pollitzer Adam

(Last)

(First)

(Middle)

C/O NMI HOLDINGS, INC.

2100 POWELL ST., 12TH FLOOR

(Street)

EMERYVILLE

94608

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NMI Holdings, Inc. [ NMIH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, $0.01 par value per share	09/04/2026		M		16,264	A	$18.7	286,531	D
Common Shares, $0.01 par value per share	09/04/2026		M		19,435	A	$16	305,966	D
Common Shares, $0.01 par value per share	09/04/2026		M		25,426	A	$22.19	331,392⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$18.7	09/04/2026		M			16,264	⁽²⁾	02/07/2028	Common Shares, $0.01 par value per share	16,264	$0	0	D
Stock Option (right to buy)	$16	09/04/2026		M			19,435	⁽³⁾	03/15/2028	Common Shares, $0.01 par value per share	19,435	$0	0	D
Stock Option (right to buy)	$22.19	09/04/2026		M			25,426	⁽⁴⁾	02/13/2029	Common Shares, $0.01 par value per share	25,426	$0	0	D

Explanation of Responses:

1. Represents 208,338 common shares and 123,054 unvested restricted stock units.

2. The option vested in full on February 7, 2021.

3. The option vested in full on March 15, 2021.

4. The option vested in full on February 13, 2022.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	09/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Form 4 as rendered by the SEC from accession 0001706001-26-000009.

NMI Holdings, Inc.

Trade Summary

Company Information

Insider Information

Filing Details

Non-Derivative Transactions

Derivative Transactions

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Footnotes

SEC Form 4

SEC Filing

SEC Form 4