4/A: NMIH Director Amends Share Ownership Filing

NMI Holdings Director Steven Scheid filed an amended Form 4 to correct an overreported beneficial ownership of common shares following a sale.

Summary

• Director Steven Scheid amended a previous Form 4 filing (originally filed on September 17, 2025).
• The amendment corrects an overreporting of 4,166 common shares in the prior filing.
• The original filing reported a sale of 19,926 common shares on September 15, 2025.
• The shares were sold at a weighted average price of $39.3133 per share, with a price range of $39.1437 to $39.4601.
• Following the transaction, Mr. Scheid indirectly beneficially owns 74,794 common shares through the Scheid Family Trust.
• Mr. Scheid also directly holds 4,439 unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral because it primarily serves to correct an administrative error in a previous insider transaction report. While the underlying transaction was a sale by a director, the amendment itself is a procedural update.

Positives

• The company's director is ensuring accuracy in SEC filings by correcting an overreported share count, demonstrating transparency and adherence to regulatory requirements.

Negatives

• A director sold 19,926 common shares, which, while a past event, represents a reduction in insider holdings.

Future Outlook

This filing is an amendment to a past insider transaction and does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4/A provide transparency into management's direct equity holdings and trading activities, which can sometimes offer insights into their perception of the company's value. This specific filing, however, is primarily a correction of a previous report.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for insider transactions and corrections, aligning with SEC requirements for transparency in beneficial ownership changes. It does not contain information for direct comparison to industry-specific operational or financial benchmarks.

Related Party Transactions

• Indirect beneficial ownership of 74,794 common shares is held by the Scheid Family Trust, of which Mr. Scheid and his wife are co-trustees and beneficiaries.

Stakeholder Impact

• Shareholders: Provides updated, accurate information on a director's beneficial ownership and past share sale, enhancing transparency.

Next Steps

• The reporting person undertakes to provide, upon request by the SEC staff, NMIH, or a security holder of NMIH, full information regarding the shares sold at each price.

Key Dates

Keywords

NMI Holdings, NMIH, Steven Scheid, Form 4/A, Insider Transaction, Share Sale, Director Transaction, Beneficial Ownership, SEC Filing