Shiva Iyer of PennyMac (PFSI) details stock, RSUs and options stake

Rhea-AI Filing Summary

PennyMac Financial Services, Inc. executive Shiva Iyer, Chief Enterprise Risk Officer, filed an initial statement of beneficial ownership. Iyer directly holds 14,671 shares of Common Stock, consisting of 3,150 restricted stock units and 11,521 shares that are already issued.

The filing also shows 976 Deferred Units, each representing a right to receive one share of Common Stock, payable upon termination of employment. In addition, Iyer holds several nonstatutory stock options on Common Stock, including 3,758 shares at an exercise price of $101.76 per share expiring in 2035 and 2,561 shares at $24.40 per share expiring in 2028, along with other option grants that vest in annual one-third installments.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Iyer Shiva

(Last) (First) (Middle)

C/O PENNYMAC FINANCIAL SERVICES, INC.

3043 TOWNSGATE ROAD

(Street)

WESTLAKE VILLAGE CALIFORNIA 91361

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
PennyMac Financial Services, Inc. [ PFSI ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Enterprise Risk Officer

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	14,671(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Unit	(2)	(2)	Common Stock	976	(2)	D
Nonstatutory Stock Option (Right to Buy)	02/14/2026	02/13/2035	Common Stock	3,758(3)	$101.76	D
Nonstatutory Stock Option (Right to Buy)	03/09/2019	03/08/2028	Common Stock	2,561(4)	$24.4	D
Nonstatutory Stock Option (Right to Buy)	02/23/2023	02/22/2032	Common Stock	7,451(5)	$57.1	D
Nonstatutory Stock Option (Right to Buy)	02/25/2022	02/24/2031	Common Stock	3,695(6)	$58.85	D
Nonstatutory Stock Option (Right to Buy)	12/14/2020	12/13/2030	Common Stock	5,402(7)	$59.68	D
Nonstatutory Stock Option (Right to Buy)	02/24/2024	02/23/2033	Common Stock	2,572(8)	$60.74	D
Nonstatutory Stock Option (Right to Buy)	03/01/2025	02/28/2034	Common Stock	1,913(9)	$84.93	D
Nonstatutory Stock Option (Right to Buy)	02/12/2027	02/11/2036	Common Stock	4,858(10)	$91.49	D

Explanation of Responses:

1. The reported amount consists of 3,150 restricted stock units and 11,521 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

2. Each share of Deferred Unit, pursuant to the Company's Executive Deferred Compensation Plan, represents a right to receive one share of Common Stock. The Deferred Units become payable upon the Reporting Person's termination of employment with the Company.

3. This nonstatutory stock option to purchase 3,758 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 14, 2026, 2027 and 2028, subject to the Reporting Person's continued service through each date.

4. This nonstatutory stock option to purchase 2,561 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's continued service through each date.

5. This nonstatutory stock option to purchase 7,451 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 23, 2023, 2024 and 2025, subject to the Reporting Person's continued service through each date.

6. This nonstatutory stock option to purchase 3,695 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 25, 2022, 2023 and 2024, subject to the Reporting Person's continued service through each date.

7. This nonstatutory stock option to purchase 5,402 shares of Common Stock of the Issuer is full vested but subject to certain transfer restrictions that will lapse in one-third increments on each of December 14, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.

8. This nonstatutory stock option to purchase 2,572 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026, subject to the Reporting Person's continued service through each date.

9. This nonstatutory stock option to purchase 1,913 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026 and 2027, subject to the Reporting Person's continued service through each date.

10. This nonstatutory stock option to purchase 4,858 shares of Common Stock of Issuer will vest as to one-third of the optioned shares on each of February 12, 2027, 2028 and 2029, subject to the Reporting Person's continued service through each date.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Iyer	03/25/2026
	** 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 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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* Form 3: SEC 1473 (03-26)