PennyMac CEO updates share holdings in Form 4

PennyMac Financial Services Chairman & CEO David Spector reported a restructuring of his holdings in Common Stock.

Rhea-AI Filing Summary

PennyMac Financial Services Chairman & CEO David Spector reported a restructuring of his holdings in Common Stock. A total of 25,000 shares were transferred for no consideration to his former spouse pursuant to a divorce settlement, so this was not a market sale or purchase. After the adjustment, he directly holds 504,401 shares, including 37,841 restricted stock units that will settle in an equal number of shares upon vesting, and 466,560 shares of Common Stock. He also indirectly owns 70,604 shares through ST Family Investment Company LLC.

Insider Trade Summary

Other: 25,000 shares

Other 2 txns

Insider SPECTOR DAVID

Role Chairman & CEO

Type	Security	Shares	Price	Value
Other	Common Stock	25,000	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 504,401 shares (Direct); Common Stock — 70,604 shares (Indirect, ST Family Investment Company LLC)

Footnotes (2)

1. F1. Pursuant to a divorce settlement, these shares of Common Stock were transferred for no consideration to the reporting person's former spouse and the reporting person no longer reports that he is the beneficial owner of these shares.
2. F2. The reported amount consists of 37,841 restricted stock units and 466,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Key Figures

Restructuring transfer: 25,000 shares Direct holdings after transaction: 504,401 shares Restricted stock units: 37,841 RSUs +2 more

5 metrics

Restructuring transfer 25,000 shares Common Stock transferred for no consideration under divorce settlement

Direct holdings after transaction 504,401 shares Common Stock and RSUs held directly after reported change

Restricted stock units 37,841 RSUs To be settled in an equal number of Common Stock shares upon vesting

Direct common shares 466,560 shares Common Stock directly held by David Spector after transaction

Indirect holdings 70,604 shares Common Stock held indirectly through ST Family Investment Company LLC

Key Terms

restricted stock units, beneficial owner, indirect ownership, other acquisition or disposition, +1 more

5 terms

restricted stock units financial

"The reported amount consists of 37,841 restricted stock units and 466,560 shares of Common Stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

beneficial owner financial

"the reporting person no longer reports that he is the beneficial owner of these shares."

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

indirect ownership financial

"Common Stock entry listing 70,604.0000 shares with ownership type indirect via ST Family Investment Company LLC."

other acquisition or disposition financial

"transaction_code_description: Other acquisition or disposition"

restructuringShares financial

"transactionSummary shows restructuringShares: 25000"

FAQ

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

What insider transaction did PennyMac (PFSI) report for CEO David Spector?

PennyMac (PFSI) disclosed that CEO David Spector reported a restructuring transaction involving 25,000 shares of Common Stock. These shares were transferred for no consideration to his former spouse as part of a divorce settlement, rather than being sold in the open market.

Was the 25,000-share change in PFSI CEO David Spector’s holdings a market sale?

No. The 25,000-share change in David Spector’s PennyMac (PFSI) holdings reflects a transfer under a divorce settlement. The filing states the shares were transferred for no consideration to his former spouse, meaning it was a personal settlement, not an open-market sale.

How many PennyMac (PFSI) shares does CEO David Spector hold after this Form 4?

After the reported transactions, David Spector directly holds 504,401 PennyMac (PFSI) shares. This total includes 37,841 restricted stock units and 466,560 shares of Common Stock, as disclosed, plus 70,604 additional shares held indirectly through ST Family Investment Company LLC.

What portion of David Spector’s PFSI holdings are restricted stock units?

The filing notes that 37,841 of David Spector’s direct PennyMac (PFSI) holdings are restricted stock units. These units will be settled in an equal number of Common Stock shares upon vesting, adding to his existing 466,560 directly held Common Stock shares.

Does David Spector have indirect ownership of PennyMac (PFSI) shares?

Yes. In addition to his direct holdings, David Spector has indirect ownership of 70,604 PennyMac (PFSI) Common Stock shares. These shares are held through ST Family Investment Company LLC, as indicated by the indirect ownership entry in the Form 4 filing.

How does the Form 4 characterize the 25,000-share transaction in PFSI stock?

The 25,000-share transaction in PennyMac (PFSI) stock is coded as an “other acquisition or disposition.” The accompanying footnote explains it was a transfer for no consideration under a divorce settlement, classifying it as a personal restructuring rather than a trading decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 06:44 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SPECTOR DAVID

(Last) (First) (Middle)

C/O PENNYMAC FINANCIAL SERVICES, INC.

3043 TOWNSGATE ROAD

(Street)

WESTLAKE VILLAGE CALIFORNIA 91361

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/08/2026		J		25,000(1)	D	$0	504,401(2)	D
Common Stock								70,604	I	ST Family Investment Company LLC

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Pursuant to a divorce settlement, these shares of Common Stock were transferred for no consideration to the reporting person's former spouse and the reporting person no longer reports that he is the beneficial owner of these shares.

2. The reported amount consists of 37,841 restricted stock units and 466,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Spector	05/08/2026
	** 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 4 (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 4: SEC 1474 (03-26)