Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| RADIAN GROUP INCRDN · Entity 3941 | Director · Chief Executive Officer | May 21, 2026 | May 26, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
RADIAN GROUP INC
Report date May 21, 2026 · Filed May 26, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Restricted Stock Units - Time-based AwardSEC Table II · derivative / convertible security · Conversion / exercise price $0.00 | Direct | 75,250 |
Reported balance
After 2026-05-21 transaction · row 1
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 1 · 2026-05-21 · Grant · Acquired 75,250 · Balance 75,250 F1: Each RSU represents a contingent right to receive one share of common stock. F3: Not Applicable F2: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026. |
| Restricted Stock Units - Performance AwardSEC Table II · derivative / convertible security · Conversion / exercise price $0.00 | Direct | 114,730 |
Reported balance
After 2026-05-21 transaction · row 2
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 2 · 2026-05-21 · Grant · Acquired 114,730 · Balance 114,730 F1: Each RSU represents a contingent right to receive one share of common stock. F4: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. F3: Not Applicable F5: Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 229,460 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) in comparison to the TSR of each of the companies included in the S&P SmallCap 600 Financials index as of April 1, 2026, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period. |
Filing footnotes · ownership attribution and instrument terms
F1: Each RSU represents a contingent right to receive one share of common stock.
F2: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026.
F3: Not Applicable
F4: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award.
F5: Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 229,460 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) in comparison to the TSR of each of the companies included in the S&P SmallCap 600 Financials index as of April 1, 2026, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| May 21, 2026 Filed May 26, 2026 22:35 UTC | RADIAN GROUP INC RDN · Entity 3941 | GrantRestricted Stock Units - Performance Award · Derivative | 114,730 | Not disclosed Strike: $0.00 | Not disclosed |
DisclosureSEC source: 0000890926-26-000108 · form4.xml · derivative · entry 2 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 114,730 Underlying: Common Stock · 114,730 shares Expires not disclosed F1 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F4 · shares: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. F3 · price: Not Applicable F3 · derivative.expiration_date: Not Applicable F4 · balance_after: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. F5 · balance_after: Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 229,460 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) in comparison to the TSR of each of the companies included in the S&P SmallCap 600 Financials index as of April 1, 2026, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period. Read SEC document |
| May 21, 2026 Filed May 26, 2026 22:35 UTC | RADIAN GROUP INC RDN · Entity 3941 | GrantRestricted Stock Units - Time-based Award · Derivative | 75,250 | Not disclosed Strike: $0.00 | Not disclosed |
DisclosureSEC source: 0000890926-26-000108 · form4.xml · derivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 75,250 Underlying: Common Stock · 75,250 shares Expires not disclosed F1 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F3 · price: Not Applicable F2 · derivative.exercise_date: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026. F3 · derivative.expiration_date: Not Applicable F2 · balance_after: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026. Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Performance Award · Derivative | 9,543 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · derivative · entry 11 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 224,439 Underlying: Common Stock · 9,543 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F6 · shares: 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 17, 2023, which are subject to a one-year post vest holding period. F8 · price: Not Applicable F9 · derivative.exercise_date: Vesting occurred on May 15, 2026, based on satisfaction of performance metrics. F8 · derivative.expiration_date: Not Applicable F10 · balance_after: 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 233,982 performance-based RSUs granted May 17, 2023. Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 26,200 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · derivative · entry 10 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 52,400 Underlying: Common Stock · 26,200 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F5 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 21, 2025. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 25,543 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · derivative · entry 9 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 25,544 Underlying: Common Stock · 25,543 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F4 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 31,460 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · derivative · entry 8 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 31,460 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F3 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Performance Award · Derivative | 287,053 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · derivative · entry 7 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 287,053 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F1 · shares: Represents distribution of shares of common stock upon the vesting of performance-based RSUs that were granted May 11, 2022, which vested on May 15, 2025 subject to a one-year post-vest hold. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Tax withholdingCommon Stock | 166,165 | $36.93 | $6,136,473.45 |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · nonDerivative · entry 6 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,112,512 F7 · shares: Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon: (a) the distribution of the time-based RSUs granted on May 17, 2023, May 22, 2024, and May 21, 2025; (b) the vesting of 233,982 performance-based RSUs granted May 17, 2023, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 11, 2022, following completion of the one-year hold period after vesting of the RSUs. Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 9,543 | $0.00 | $0.00 |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · nonDerivative · entry 5 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,278,677 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F6 · shares: 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 17, 2023, which are subject to a one-year post vest holding period. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 26,200 | $0.00 | $0.00 |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · nonDerivative · entry 4 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,269,134 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F5 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 21, 2025. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 25,543 | $0.00 | $0.00 |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · nonDerivative · entry 3 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,242,934 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 31,460 | $0.00 | $0.00 |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · nonDerivative · entry 2 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,217,391 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F3 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2026 Filed May 19, 2026 22:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 287,053 | $0.00 | $0.00 |
DisclosureSEC source: 0000890926-26-000078 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,185,931 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · shares: Represents distribution of shares of common stock upon the vesting of performance-based RSUs that were granted May 11, 2022, which vested on May 15, 2025 subject to a one-year post-vest hold. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| October 28, 2025 Filed Oct 29, 2025 23:48 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $33.24 | $664,728.00 |
DisclosureSEC source: 0000890926-25-000012 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 898,878 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan with sales occurring on preset dates established when the plan was initiated in August 2024. Read SEC document |
| September 23, 2025 Filed Sep 24, 2025 20:31 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $36.28 | $725,604.00 |
DisclosureSEC source: 0000890926-25-000010 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 918,878 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan with sales occurring on preset dates established when the plan was initiated in August 2024. Read SEC document |
| August 26, 2025 Filed Aug 27, 2025 20:48 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $34.74 | $694,764.00 |
DisclosureSEC source: 0001062993-25-015001 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 938,878 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan with sales occurring on preset dates established when the plan was initiated in August 2024. Read SEC document |
| July 29, 2025 Filed Jul 31, 2025 20:37 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $33.90 | $677,986.00 |
DisclosureSEC source: 0001062993-25-013365 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 958,878 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan with sales occurring on preset dates established when the plan was initiated in August 2024. F2 · balance_after: Includes 788 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2025. Read SEC document |
| June 24, 2025 Filed Jun 25, 2025 20:57 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $36.71 | $734,160.00 |
DisclosureSEC source: 0001062993-25-012148 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 978,090 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. Read SEC document |
| May 28, 2025 Filed May 29, 2025 21:43 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $34.10 | $681,978.00 |
DisclosureSEC source: 0001062993-25-010497 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 998,090 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. Read SEC document |
| May 21, 2025 Filed May 23, 2025 21:33 UTC | RADIAN GROUP INC RDN · Entity 3941 | GrantRestricted Stock Units - Performance Award · Derivative | 131,100 | Not disclosed Strike: $0.00 | Not disclosed |
DisclosureSEC source: 0001062993-25-010285 · form4.xml · derivative · entry 2 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 131,100 Underlying: Common Stock · 131,100 shares Expires not disclosed F1 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F4 · shares: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. F3 · price: Not Applicable F3 · derivative.expiration_date: Not Applicable F4 · balance_after: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. F5 · balance_after: Vesting of the performance-based RSUs occurs on May 15, 2028 (between 0 and 262,200 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period. Read SEC document |
| May 21, 2025 Filed May 23, 2025 21:33 UTC | RADIAN GROUP INC RDN · Entity 3941 | GrantRestricted Stock Units - Time-based Award · Derivative | 78,600 | Not disclosed Strike: $0.00 | Not disclosed |
DisclosureSEC source: 0001062993-25-010285 · form4.xml · derivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 78,600 Underlying: Common Stock · 78,600 shares Expires not disclosed F1 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F3 · price: Not Applicable F2 · derivative.exercise_date: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2025. F3 · derivative.expiration_date: Not Applicable F2 · balance_after: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2025. Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Performance Award · Derivative | 12,179 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · derivative · entry 11 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 287,053 Underlying: Common Stock · 12,179 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F6 · shares: 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 11, 2022, which are subject to a one-year post vest holding period. F8 · price: Not Applicable F9 · derivative.exercise_date: Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics. F8 · derivative.expiration_date: Not Applicable F10 · balance_after: 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 performance-based RSUs granted May 11, 2022. Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 25,543 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · derivative · entry 10 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 51,087 Underlying: Common Stock · 25,543 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F5 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 31,460 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · derivative · entry 9 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 31,460 Underlying: Common Stock · 31,460 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F4 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 31,477 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · derivative · entry 8 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 31,477 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F3 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Performance Award · Derivative | 271,999 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · derivative · entry 7 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 271,999 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F1 · shares: Represents distribution of shares of common stock related to RSUs that were granted May 12, 2021, which vested on May 15, 2024 and were subject to a one-year post-vest hold. F8 · price: Not Applicable F8 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Tax withholdingCommon Stock | 164,020 | $34.04 | $5,583,240.80 |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · nonDerivative · entry 6 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,018,090 F7 · shares: Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon: (a) the distribution of the time-based RSUs granted on May 11, 2022, May 17, 2023, and May 22, 2024; (b) the vesting of 299,232 performance-based RSUs granted May 11, 2022, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 12, 2021, following completion of the one-year hold period after vesting of the RSUs. Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 12,179 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · nonDerivative · entry 5 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,182,110 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F6 · shares: 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 11, 2022, which are subject to a one-year post vest holding period. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 25,543 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · nonDerivative · entry 4 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,169,931 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F5 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 31,460 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · nonDerivative · entry 3 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,144,388 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 31,477 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · nonDerivative · entry 2 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,112,928 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F3 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2025 Filed May 19, 2025 23:41 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 271,999 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-25-009834 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,081,451 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · shares: Represents distribution of shares of common stock related to RSUs that were granted May 12, 2021, which vested on May 15, 2024 and were subject to a one-year post-vest hold. F2 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| April 29, 2025 Filed Apr 30, 2025 21:13 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $31.46 | $629,194.00 |
DisclosureSEC source: 0001062993-25-008255 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 809,452 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. Read SEC document |
| March 25, 2025 Filed Mar 27, 2025 20:33 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $32.75 | $655,014.00 |
DisclosureSEC source: 0001062993-25-006410 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 829,452 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. Read SEC document |
| February 25, 2025 Filed Feb 26, 2025 22:22 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $32.54 | $650,748.00 |
DisclosureSEC source: 0001062993-25-003697 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 849,452 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. Read SEC document |
| January 28, 2025 Filed Jan 29, 2025 22:16 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $34.17 | $683,462.00 |
DisclosureSEC source: 0001062993-25-001241 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 869,452 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. Read SEC document |
| December 17, 2024 Filed Dec 19, 2024 21:32 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $33.23 | $664,630.00 |
DisclosureSEC source: 0001062993-24-020912 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 889,452 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. Read SEC document |
| November 26, 2024 Filed Nov 27, 2024 21:36 UTC | RADIAN GROUP INC RDN · Entity 3941 | SaleCommon Stock | 20,000 | $34.96 | $699,156.00 |
DisclosureSEC source: 0001062993-24-019759 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Chief Executive Officer 10b5-1 filing: Plan reported Ownership: Direct Disclosed balance after: 909,452 F1 · shares: Pre-arranged sale of common stock pursuant to a 10b5-1 trading plan entered into in August 2024. F2 · balance_after: Includes 875 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2024. Read SEC document |
| May 22, 2024 Filed May 24, 2024 22:13 UTC | RADIAN GROUP INC RDN · Entity 3941 | GrantRestricted Stock Units - Performance Award · Derivative | 126,190 | Not disclosed Strike: $0.00 | Not disclosed |
DisclosureSEC source: 0001062993-24-011268 · form4.xml · derivative · entry 2 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 126,190 Underlying: Common Stock · 126,190 shares Expires not disclosed F1 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F3 · shares: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. F5 · price: Not Applicable. F5 · derivative.expiration_date: Not Applicable. F3 · balance_after: The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. F4 · balance_after: Vesting of the performance-based RSUs occurs on May 15, 2027 (between 0 and 252,380 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period. Read SEC document |
| May 22, 2024 Filed May 24, 2024 22:13 UTC | RADIAN GROUP INC RDN · Entity 3941 | GrantRestricted Stock Units - Time-based Award · Derivative | 76,630 | Not disclosed Strike: $0.00 | Not disclosed |
DisclosureSEC source: 0001062993-24-011268 · form4.xml · derivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 76,630 Underlying: Common Stock · 76,630 shares Expires not disclosed F1 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F5 · price: Not Applicable. F2 · derivative.exercise_date: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2024. F5 · derivative.expiration_date: Not Applicable. F2 · balance_after: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2024. Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Performance Award · Derivative | 11,521 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · derivative · entry 9 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 271,999 Underlying: Common Stock · 11,521 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F8 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F4 · shares: 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. F9 · price: Not Applicable F6 · derivative.exercise_date: Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics. F9 · derivative.expiration_date: Not Applicable F7 · balance_after: 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 283,520 performance-based RSUs granted May 12, 2021. Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 31,460 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · derivative · entry 8 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 62,920 Underlying: Common Stock · 31,460 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F8 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F3 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023. F9 · price: Not Applicable F9 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 31,477 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · derivative · entry 7 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 31,477 Underlying: Common Stock · 31,477 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F8 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F2 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022. F9 · price: Not Applicable F9 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Time-based Award · Derivative | 28,241 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · derivative · entry 6 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 28,241 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F8 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F1 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021. F9 · price: Not Applicable F9 · derivative.expiration_date: Not Applicable Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Tax withholdingCommon Stock | 50,108 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · nonDerivative · entry 5 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 928,577 F5 · shares: 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 283,520 performance-based RSUs granted May 12, 2021, net of which remain subject to a one year post-vest hold. F8 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 11,521 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · nonDerivative · entry 4 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 978,685 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · shares: 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. F8 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 31,460 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · nonDerivative · entry 3 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 967,164 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F3 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023. F8 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 31,477 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · nonDerivative · entry 2 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 935,704 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022. F8 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 15, 2024 Filed May 17, 2024 21:29 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionCommon Stock | 28,241 | $0.00 | $0.00 |
DisclosureSEC source: 0001062993-24-010669 · form4.xml · nonDerivative · entry 1 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 904,227 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · shares: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021. F8 · price: Each RSU represents a contingent right to receive one share of common stock. Read SEC document |
| May 13, 2024 Filed May 15, 2024 20:21 UTC | RADIAN GROUP INC RDN · Entity 3941 | Exercise / conversionRestricted Stock Units - Performance Award · Derivative | 388,011 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001062993-24-010325 · form4.xml · derivative · entry 3 Thornberry Richard G · CIK 0001699782 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 388,011 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F4 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock. F1 · shares: Represents distribution of shares of common stock related to RSUs that were granted May 13, 2020, which vested on May 13, 2023 and were subject to a one-year post-vest hold. F5 · price: Not Applicable F5 · derivative.expiration_date: Not Applicable Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.