Brummer Derek Form 4 RADIAN / Derek Brummer ownership change

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

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

1. Name and Address of Reporting Person^*

Brummer Derek

(Last) (First) (Middle)

RADIAN GROUP INC.

550 E SWEDESFORD ROAD, #350

(Street)

WAYNE PA 19087

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [ RDN ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, Mortgage Insurance

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2024

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2024		M		10,284(1)	A	$0(8)	265,364	D
Common Stock	05/15/2024		M		11,017(2)	A	$0(8)	276,381	D
Common Stock	05/15/2024		M		10,486(3)	A	$0(8)	286,867	D
Common Stock	05/15/2024		M		4,127(4)	A	$0(8)	290,994	D
Common Stock	05/15/2024		F		17,971(5)	D	$0(8)	273,023	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units - Time-based Award	(8)	05/15/2024		M			10,284	05/15/2024	(9)	Common Stock	10,284	(9)	0	D
Restricted Stock Units - Time-based Award	(8)	05/15/2024		M			11,017	05/15/2024	(9)	Common Stock	11,017	(9)	11,017	D
Restricted Stock Units - Time-based Award	(8)	05/15/2024		M			10,486	05/15/2024	(9)	Common Stock	10,486	(9)	20,974	D
Restricted Stock Units - Performance Award	(8)	05/15/2024		M			4,127	05/15/2024(6)	(9)	Common Stock	4,127	(9)	99,113(7)	D

Explanation of Responses:

1. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.

2. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.

3. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023.

4. Pursuant to the terms of the Company's equity incentive plan, represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 12, 2021, which are subject to a one-year post vest holding period.

5. Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the time-based RSUs granted on May 12, 2021, May 11, 2022, and May 17, 2023, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 103,240 performance-based RSUs granted May 12, 2021, net of which remain subject to a one year post-vest hold.

6. Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.

7. Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 103,240 performance-based RSUs granted May 12, 2021.

8. Each RSU represents a contingent right to receive one share of common stock.

9. Not Applicable

	Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact	05/17/2024
	** 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).
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