PennyMac CIO reports initial stock, option holdings

PennyMac Financial Services, Inc. Chief Investment Officer Marshall Sebring filed an initial ownership report showing 4,215 shares of Common Stock held directly.

Filing Impact

(Moderate)

Filing Sentiment

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Form Type

Rhea-AI Filing Summary

PennyMac Financial Services, Inc. Chief Investment Officer Marshall Sebring filed an initial ownership report showing 4,215 shares of Common Stock held directly. He also holds nonstatutory stock options covering 4,385 shares at an exercise price of $101.76 and 6,940 shares at $91.49, each vesting in one-third annual installments beginning in 2026 and 2027, respectively.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Sebring Marshall

Role Chief Investment Officer

Type	Security	Shares	Price	Value
holding	Nonstatutory Stock Option (Right to Buy)	--	--	--
holding	Nonstatutory Stock Option (Right to Buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Nonstatutory Stock Option (Right to Buy) — 11,325 contracts (Direct); Common Stock — 4,215 shares (Direct)

Footnotes (3)

F1. The reported amount consists of 3,878 restricted stock units and 337 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F2. This nonstatutory stock option to purchase 4,385 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.
F3. This nonstatutory stock option to purchase 6,940 shares of Common Stock of the 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Marshall Sebring’s Form 3 filing for PennyMac Financial (PFSI) report?

The Form 3 reports Marshall Sebring’s initial holdings as Chief Investment Officer, including 4,215 PennyMac Common shares and two nonstatutory stock option grants covering 4,385 and 6,940 shares that vest over several years, subject to continued service.

How many PennyMac (PFSI) Common Stock shares does Marshall Sebring directly hold?

Marshall Sebring directly holds 4,215 shares of PennyMac Common Stock. This position reflects his current direct equity stake and is separate from his stock options, which provide additional potential ownership if exercised in the future.

What stock options are disclosed for Marshall Sebring in the PennyMac (PFSI) Form 3?

The filing lists nonstatutory stock options to purchase 4,385 Common shares at $101.76 and 6,940 shares at $91.49. These options represent potential future ownership, subject to vesting and exercise conditions defined in the grants.

How do Marshall Sebring’s PennyMac (PFSI) stock options vest over time?

One option for 4,385 shares vests in one-third increments on February 14 of 2026, 2027 and 2028. Another for 6,940 shares vests one-third on February 12 of 2027, 2028 and 2029, conditioned on his continued service each year.

What is the exercise price of Marshall Sebring’s PennyMac (PFSI) stock options?

Sebring’s disclosed options carry exercise prices of $101.76 and $91.49 per share. These prices are the amounts he would pay per share to convert each vested option into PennyMac Common Stock in the future.

Does Marshall Sebring hold restricted stock units (RSUs) at PennyMac (PFSI)?

Yes. A footnote explains his reported amount includes 3,878 restricted stock units and 337 Common shares. The RSUs will settle into an equal number of PennyMac Common shares when they vest, increasing his actual share ownership over time.

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Accepted by SEC EDGAR 03/25/2026 - 06:39 PM EDT

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Sebring Marshall

(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 Investment 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	4,215⁽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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Nonstatutory Stock Option (Right to Buy)	02/14/2026	02/13/2035	Common Stock	4,385⁽²⁾	$101.76	D
Nonstatutory Stock Option (Right to Buy)	02/12/2027	02/11/2036	Common Stock	6,940⁽³⁾	$91.49	D

Explanation of Responses:

1. The reported amount consists of 3,878 restricted stock units and 337 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

2. This nonstatutory stock option to purchase 4,385 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.

3. This nonstatutory stock option to purchase 6,940 shares of Common Stock of the 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. Sebring	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR