Patrick L Mathis - Insider Trading Tracker

NMI Holdings, Inc.

US ˙ NasdaqGM ˙ US6292093050

Introduction

This page provides a comprehensive analysis of the known insider trading history of Patrick L Mathis. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Patrick L Mathis has reported holdings or trades in the following companies:

Security	Title	Latest Reported Holdings
US:NMIH / NMI Holdings, Inc.	EVP, Chief Operating Officer	0

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Patrick L Mathis. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases NMIH / NMI Holdings, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NMIH / NMI Holdings, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
2016-05-02	NMIH	Mathis Patrick L	20,000	6.2800	20,000	6.2800	125,600	344	12.4500	123,400	98.25

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

NMIH / NMI Holdings, Inc. Insider Trades

Insider Sales NMIH / NMI Holdings, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NMIH / NMI Holdings, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2022-02-16	NMIH	Mathis Patrick L	56,493	26.0628	56,493	26.0628	1,472,366	120	15.4800	-597,853	-40.60
2022-02-16	NMIH	Mathis Patrick L	12,000	26.1500	12,000	26.1500	313,800
2021-05-20	NMIH	Mathis Patrick L	23,157	23.8025	23,157	23.8025	551,194
2019-03-12	NMIH	Mathis Patrick L	54,118	25.9811	54,118	25.9811	1,406,045
2018-05-03	NMIH	Mathis Patrick L	21,000	15.7742	21,000	15.7742	331,258
2017-11-30	NMIH	Mathis Patrick L	10,000	16.9945	10,000	16.9945	169,945

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Patrick L Mathis as disclosed to the Securities Exchange Commission (SEC).

File Date	Tran Date	Form	Ticker	Security	Code	10b5-1	Shares	Remaining Shares	Percent Change	Share Price	Tran Value	Remaining Value
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	M - Exercise		-17,819	0	-100.00
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	M - Exercise		-21,965	0	-100.00
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	M - Exercise		-16,709	0	-100.00
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale		-12,000	28,823	-29.40	26.15	-313,800	753,721
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale		-56,493	40,823	-58.05	26.06	-1,472,366	1,063,962
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		17,819	97,316	22.41	22.19	395,404	2,159,442
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		21,965	79,497	38.18	18.70	410,746	1,486,594
2022-02-18	2022-02-16	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		16,709	57,532	40.93	11.10	185,470	638,605
2022-02-14	2022-02-13	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-3,524	40,823	-7.95
2022-02-14	2022-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-2,827	44,347	-5.99
2022-02-14	2022-02-10	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-4,183	47,174	-8.14
2021-05-21	2021-05-20	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale		-23,157	51,537	-31.00	23.80	-551,194	1,226,709
2021-02-17	2021-02-13	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-3,524	74,694	-4.51
2021-02-17	2021-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-2,827	78,218	-3.49
2021-02-12	2021-02-10	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	A - Award		20,152	81,045	33.09
2021-02-09	2021-02-07	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-4,067	60,713	-6.28
2020-02-14	2020-02-13	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-3,524	64,780	-5.16
2020-02-14	2020-02-12	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	A - Award		14,250	68,304	26.36
2020-02-11	2020-02-09	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-2,934	54,054	-5.15
2020-02-11	2020-02-07	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-3,962	56,988	-6.50
2019-03-14	2019-03-12	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	M - Exercise		-33,418	16,709	-66.67
2019-03-14	2019-03-12	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	M - Exercise		-20,700	0	-100.00
2019-03-14	2019-03-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale		-54,118	60,950	-47.03	25.98	-1,406,045	1,583,548
2019-03-14	2019-03-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		33,418	115,068	40.93	11.10	370,940	1,277,255
2019-03-14	2019-03-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		20,700	81,650	33.96	8.50	175,950	694,025
2019-02-15	2019-02-13	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	A - Award		17,822	17,822
2019-02-15	2019-02-13	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	A - Award		21,318	60,950	53.79
2019-02-11	2019-02-10	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	F - Taxes		-8,017	39,632	-16.83
2019-02-11	2019-02-09	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	F - Taxes		-2,519	47,649	-5.02
2019-02-11	2019-02-07	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	F - Taxes		-3,503	50,168	-6.53
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				72,499
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				65,503
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				76,682
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				72,499
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				65,503
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				76,682
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				72,499
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				65,503
2019-01-04		3	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)				76,682
2018-05-07	2018-05-03	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale		-21,000	79,957	-20.80	15.77	-331,258	1,261,258
2018-02-14	2018-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-1,488	100,957	-1.45
2018-02-13	2018-02-10	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-9,306	102,445	-8.33
2018-02-13	2018-02-09	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-3,241	111,751	-2.82
2018-02-09	2018-02-07	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	A - Award		21,965	21,965
2018-02-09	2018-02-07	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	A - Award		23,011	114,992	25.02
2017-12-07	2017-12-05	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	M - Exercise		-2,221	0	-100.00
2017-12-07	2017-12-05	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-1,057	91,981	-1.14	17.30	-18,286	1,591,271
2017-12-07	2017-12-05	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		2,221	93,038	2.45
2017-11-30	2017-11-30	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale		-10,000	90,817	-9.92	16.99	-169,945	1,543,390
2017-11-14	2017-11-10	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	A - Award		-2,224	2,221	-50.03
2017-11-14	2017-11-10	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-1,059	100,817	-1.04	15.80	-16,732	1,592,909
2017-11-14	2017-11-10	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		2,224	101,876	2.23
2017-02-14	2017-02-12	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	M - Exercise		-3,168	0	-100.00
2017-02-14	2017-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-1,508	99,652	-1.49
2017-02-14	2017-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		3,168	101,160	3.23
2017-02-14	2017-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-1,428	97,992	-1.44
2017-02-14	2017-02-10	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-9,404	99,420	-8.64
2017-02-10	2017-02-09	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	A - Award		50,127	50,127
2017-02-10	2017-02-09	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	A - Award		17,747	108,824	19.49
2016-05-04	2016-05-02	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	P - Purchase		20,000	91,077	28.14	6.28	125,600	571,964
2016-02-17	2016-02-12	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	M - Exercise		-3,166	3,168	-49.98
2016-02-17	2016-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-1,387	71,077	-1.91
2016-02-17	2016-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		3,166	72,464	4.57
2016-02-17	2016-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-1,314	69,298	-1.86
2016-02-12	2016-02-10	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	A - Award		56,480	70,612	399.66
2015-11-10	2015-11-09	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	F - Taxes		-627	14,132	-4.25	7.75	-4,859	109,523
2015-11-10	2015-11-07	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	M - Exercise		-1,666	4,445	-27.26
2015-11-10	2015-11-07	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		1,666	14,759	12.72
2015-02-17	2015-02-13	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale	X	-1,465	13,093	-10.06	8.47	-12,409	110,898
2015-02-17	2015-02-12	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	M - Exercise		-3,166	6,334	-33.33
2015-02-17	2015-02-12	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	A - Award		70,700	70,700
2015-02-17	2015-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		3,166	14,558	27.79
2015-02-17	2015-02-12	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	A - Award		9,000	11,392	376.25
2014-11-12	2014-11-10	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	S - Sale	X	-662	2,392	-21.68	9.64	-6,382	23,059
2014-11-12	2014-11-07	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	M - Exercise		-1,667	6,111	-21.43
2014-11-12	2014-11-07	4	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share	M - Exercise		1,667	3,054	120.19
2014-02-14	2014-02-12	4	NMIH	NMI Holdings, Inc. Restricted Stock Unit (right to receive)	A - Award		9,500	9,500
2014-02-14	2014-02-12	4	NMIH	NMI Holdings, Inc. Stock Option (right to buy)	A - Award		41,000	41,000
2013-11-07		3	NMIH	NMI Holdings, Inc. Class A Common Shares, $0.01 par value per share				1,387

Open market or private purchase of non-derivative or derivative security

Open market or private sale of non-derivative or derivative security

Grant, award, or other acquisition of securities from the company (such as an option)

Conversion of derivative

Sale or transfer of securities back to the company

Payment of exercise price or tax liability using portion of securities received from the company

Gift of securities by or to the insider

Equity swaps and similar hedging transactions

Exercise or conversion of derivative security received from the company (such as an option)

A transaction voluntarily reported on Form 4

Other (accompanied by a footnote describing the transaction)