SEC FORM 4

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^*

Hoffman Edward J

(Last)

(First)

(Middle)

RADIAN GROUP INC.

550 E SWEDESFORD ROAD, #350

(Street)

WAYNE

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)
	Sr. EVP, General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2023

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 Stock	05/13/2023		M		9,902⁽¹⁾	A	$0⁽¹⁰⁾	128,436	D
Common Stock	05/13/2023		M		4,066⁽²⁾	A	$0⁽¹⁰⁾	132,502	D
Common Stock	05/13/2023		F		8,274⁽³⁾	D	$24.89	124,228	D
Common Stock	05/15/2023		M		7,247⁽⁴⁾	A	$0⁽¹⁰⁾	131,475	D
Common Stock	05/15/2023		M		6,926⁽⁵⁾	A	$0⁽¹⁰⁾	138,401	D
Common Stock	05/15/2023		M		37,964⁽⁶⁾	A	$0⁽¹⁰⁾	176,365	D
Common Stock	05/15/2023		F		21,581⁽⁷⁾	D	$25.04	154,784	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)
Restricted Stock Units - Time-based Award	⁽¹⁰⁾	05/13/2023		M			9,902⁽¹⁾	05/13/2023	⁽¹¹⁾	Common Stock	9,902	⁽¹¹⁾	0	D
Restricted Stock Units - Performance Award	⁽¹⁰⁾	05/13/2023		M			4,066⁽²⁾	05/13/2023⁽⁸⁾	⁽¹¹⁾	Common Stock	4,066	⁽¹¹⁾	99,494⁽⁹⁾	D
Restricted Stock Units - Time-based Award	⁽¹⁰⁾	05/15/2023		M			7,247⁽⁴⁾	05/15/2023	⁽¹¹⁾	Common Stock	7,247	⁽¹¹⁾	7,247	D
Restricted Stock Units - Time-based Award	⁽¹⁰⁾	05/15/2023		M			6,926⁽⁵⁾	05/15/2023	⁽¹¹⁾	Common Stock	6,926	⁽¹¹⁾	13,854	D
Restricted Stock Units - Performance Award	⁽¹⁰⁾	05/15/2023		M			37,964⁽⁶⁾	05/15/2023	⁽¹¹⁾	Common Stock	37,964	⁽¹¹⁾	0	D

Explanation of Responses:

1. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.

2. Represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 13, 2020, which are subject to a one-year post vest holding period.

3. 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 13, 2020, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 103,560 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold.

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

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

6. Represents distribution of shares of common stock related to RSUs that were granted May 15, 2019, which vested on May 15, 2022 and were subject to a one-year post-vest hold.

7. 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 and May 11, 2022, as well as the shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the performance-based RSUs granted May 15, 2019, following completion of the one-year hold period after vesting of the RSUs.

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

9. 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 103,560 performance-based RSUs granted May 13, 2020.

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

11. Not Applicable

	Edward J. Hoffman /s/	05/16/2023
	** 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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