MBI · Mbia Inc

Restricted Stock granted on May 12, 2026 at a price of $6.18 per share with 1 year cliff vesting on May 12, 2027.

The reporting person via an IRA ("Individual Retirement Account") owns 20,000 shares of the issuer's common stock, which shares are included in the total herein.

Restricted Stock granted on May 12, 2026 at a price of $6.18 per share with 1 year cliff vesting on May 12, 2027.

Restricted Stock granted on May 12, 2026 at a price of $6.18 per share with 1 year cliff vesting on May 12, 2027.

Restricted Stock granted on May 12, 2026 at a price of $6.18 per share with 1 year cliff vesting on May 12, 2027.

Restricted Stock granted on May 12, 2026 at a price of $6.18 per share with 1 year cliff vesting on May 12, 2027.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Time-based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Time-based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

All of the additional shares (for the target performance and the shares for the dividend value) will be added to the original performance shares granted to each NEO on 3/3/23. The new total number of shares will vest 1/3 on the 3rd anniversary of the original grant (3/3/26), 1/3 on the 4th anniversary (3/3/27) and the final 1/3 on the 5th anniversary (3/3/28) of the original grant.

All of the additional shares (for the target performance and the shares for the dividend value) will be added to the original performance shares granted to each NEO on 3/3/23. The new total number of shares will vest 1/3 on the 3rd anniversary of the original grant (3/3/26), 1/3 on the 4th anniversary (3/3/27) and the final 1/3 on the 5th anniversary (3/3/28) of the original grant.

All of the additional shares (for the target performance and the shares for the dividend value) will be added to the original performance shares granted to each NEO on 3/3/23. The new total number of shares will vest 1/3 on the 3rd anniversary of the original grant (3/3/26), 1/3 on the 4th anniversary (3/3/27) and the final 1/3 on the 5th anniversary (3/3/28) of the original grant.

All of the additional shares (for the target performance and the shares for the dividend value) will be added to the original performance shares granted to each NEO on 3/3/23. The new total number of shares will vest 1/3 on the 3rd anniversary of the original grant (3/3/26), 1/3 on the 4th anniversary (3/3/27) and the final 1/3 on the 5th anniversary (3/3/28) of the original grant.

The price reported in Column 4 is the share price on August 27, 2025. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold as set forth in this footnote.

The price reported in Column 4 is the share price on August 21, 2025. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold as set forth in this footnote.

The price reported in Column 4 is the share price on August 19, 2025. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold as set forth in this footnote.

The price reported in Column 4 is the share price on August 12, 2025. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold as set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.97 to $6.20, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Restricted stock granted on May 13, 2025 at a price of $4.33 per share with 1 year vesting on May 13, 2026.

Restricted stock granted on May 13, 2025 at a price of $4.33 per share with 1 year vesting on May 13, 2026.

Restricted stock granted on May 13, 2025 at a price of $4.33 per share with 1 year vesting on May 13, 2026.

Restricted stock granted on May 13, 2025 at a price of $4.33 per share with 1 year vesting on May 13, 2026.

The reporting person via an IRA ("Individual Retirement Account") owns 20,000 shares of the issuer's common stock, which shares are included in the total herein.

Restricted stock granted on May 13, 2025 at a price of $4.33 per share with 1 year vesting on May 13, 2026.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

Balance reflects adjustment for retirement plan shares.

The price reported in Column 4 is the share price on January 2, 2025. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold as set forth in this footnote.