Form 4: NMIH Director Sells Shares
Insider Transaction Report
NMI Holdings Director Steven Scheid sold 19,926 common shares.
Summary
- Steven Scheid, a Director of NMI Holdings, Inc. (NMIH), reported a sale of common shares.
- On September 15, 2025, Mr. Scheid sold 19,926 shares of NMIH common stock.
- The shares were sold in a series of open market transactions at a weighted average price of $39.3133 per share, with a price range of $39.1437 to $39.4601.
- The total value of the shares sold is approximately $783,000.
- Following this transaction, Mr. Scheid beneficially owns 78,960 common shares indirectly through the Scheid Family Trust.
- Mr. Scheid also holds 4,439 unvested Restricted Stock Units.
Sentiment
Score: 3
Explanation: The sale of shares by a director is generally viewed as a negative signal, indicating potential concerns about future performance or valuation, though it's not a complete divestment.
Positives
- NA
Negatives
- A director's sale of common shares can be perceived by the market as a negative signal, potentially indicating a belief that the stock is fully valued or that future prospects may be less robust.
Risks
- The company does not represent or warrant that it will always be able to timely and accurately file Section 16 reports on behalf of the undersigned due to various factors and reliance on others for information, including the undersigned and brokers of the undersigned. This presents a minor compliance risk.
Future Outlook
NA
Management Comments
- NA
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority for SEC Filings | Steven L. Scheid granted Power of Attorney to William J. Leatherberry, Laura Weissbein, Augustin Joo, and Brad D. Burton to execute and file Forms 3, 4, 5, and 10 on his behalf for Section 16(a) compliance. | 09/11/2025 | Streamlines the process for the director to comply with SEC reporting requirements, but does not relieve the director of personal responsibility for compliance. |
Legal Proceedings
- NA
Related Party Transactions
- The reported transaction involves a director of NMI Holdings, Inc. selling common shares, which constitutes a related party transaction.
- Indirect beneficial ownership of 78,960 common shares is held through the Scheid Family Trust, of which Mr. Scheid and his wife are co-trustees and beneficiaries, representing a related party holding.
Stakeholder Impact
- Shareholders may interpret the director's sale of shares as a negative indicator, potentially impacting investor confidence and sentiment towards the company's stock.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/11/2025 | Power of Attorney executed by Steven L. Scheid. |
| 09/15/2025 | Date of common stock transaction (sale). |
| 09/17/2025 | Date Form 4 was signed by Attorney-in-Fact. |
Recommendation
holdWhile a director's sale of shares can be a negative signal, this transaction represents a partial divestment rather than a complete exit. Investors should hold and monitor for further insider activity and evaluate the company's fundamental performance and broader market conditions before making significant changes to their position.
Keywords
NMI Holdings, NMIH, Steven Scheid, insider trading, Form 4, stock sale, director, beneficial ownership
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