PennyMac CFO option exercises and share sales disclosed

Rhea-AI Filing Summary

PennyMac Financial Services (PFSI) reported an insider transaction by its Chief Financial Officer. On 10/24/2025, the CFO exercised options for 11,852 shares at $11.28 and 14,159 shares at $18.05, then sold shares in multiple open‑market tranches: 5,821 at $130.76, 4,072 at $132.93, 1,959 at $133.46, 10,980 at $130.60, 1,859 at $131.41, and 1,320 at $132.21.

Following these transactions, direct holdings shown were 9,964 restricted stock units, and 225,250 shares were held indirectly by The Perotti Family Trust.

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).

X

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^*

Perotti Daniel Stanley

(Last) (First) (Middle)

C/O PENNYMAC FINANCIAL SERVICES, INC.

3043 TOWNSGATE ROAD

(Street)

WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/24/2025

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

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 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	10/24/2025		M		11,852	A	$11.28	21,816(1)	D
Common Stock	10/24/2025		S		5,821	D	$130.76(2)	15,995	D
Common Stock	10/24/2025		S		4,072	D	$132.93(3)	11,923	D
Common Stock	10/24/2025		S		1,959	D	$133.46(4)	9,964	D
Common Stock	10/24/2025		M		14,159	A	$18.05	24,123(5)	D
Common Stock	10/24/2025		S		10,980	D	$130.6(6)	13,143	D
Common Stock	10/24/2025		S		1,859	D	$131.41(7)	11,284	D
Common Stock	10/24/2025		S		1,320	D	$132.21(8)	9,964(9)	D
Common Stock								225,250	I	The Perotti Family Trust

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
Nonstatutory Stock Option (Right to Buy)	$11.28	10/24/2025		M			11,852	03/07/2017	03/06/2026	Common Stock	11,852(10)	$0	0	D
Nonstatutory Stock Option (Right to Buy)	$18.05	10/24/2025		M			14,159	03/06/2018	03/05/2027	Common Stock	14,159(11)	$0	0	D
Nonstatutory Stock Option (Right to Buy)	$24.4							03/09/2019	03/08/2028	Common Stock	17,204(12)		17,204	D
Nonstatutory Stock Option (Right to Buy)	$22.92							03/15/2020	03/14/2029	Common Stock	18,098(13)		18,098	D
Nonstatutory Stock Option (Right to Buy)	$59.68							12/14/2020	12/13/2030	Common Stock	13,506(14)		13,506	D
Nonstatutory Stock Option (Right to Buy)	$35.03							02/26/2021	02/25/2030	Common Stock	23,105(15)		23,105	D
Nonstatutory Stock Option (Right to Buy)	$58.85							02/25/2022	02/24/2031	Common Stock	12,935(16)		12,935	D
Nonstatutory Stock Option (Right to Buy)	$57.1							02/23/2023	02/22/2032	Common Stock	35,792(17)		35,792	D
Nonstatutory Stock Option (Right to Buy)	$60.74							02/24/2024	02/23/2033	Common Stock	12,862(18)		12,862	D
Nonstatutory Stock Option (Right to Buy)	$84.93							03/01/2025(19)	02/28/2034	Common Stock	12,510(20)		12,510	D
Nonstatutory Stock Option (Right to Buy)	$101.76							02/14/2026	02/13/2035	Common Stock	12,529(21)		12,529	D

Explanation of Responses:

1. The reported amount consists of 9,964 restricted stock units and 11,852 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

2. The price reported is the weighted average price of multiple transactions at prices ranging from $130.30 to $132.22. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.

3. The price reported is the weighted average price of multiple transactions at prices ranging from $132.32 to $133.28. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.

4. The price reported is the weighted average price of multiple transactions at prices ranging from $133.32 to $133.80. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.

5. The reported amount consists of 9,964 restricted stock units and 14,159 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

6. The price reported is the weighted average price of multiple transactions at prices ranging from $130.05 to $131.02 The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.

7. The price reported is the weighted average price of multiple transactions at prices ranging from $131.06 to $132.01 The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.

8. The price reported is the weighted average price of multiple transactions at prices ranging from $132.09 to $132.62 The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.

9. The reported amount consists of 9,964 restricted stock units. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

10. This nonstatutory stock option to purchase 11,852 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.

11. This nonstatutory stock option to purchase 14,159 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.

12. This nonstatutory stock option to purchase 17,204 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 committed service through each date.

13. This nonstatutory stock option to purchase 18,098 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.

14. This nonstatutory stock option to purchase 13,506 shares of Common Stock of the Issuer is fully 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.

15. This nonstatutory stock option to purchase 23,105 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each date.

16. This nonstatutory stock option to purchase 12,935 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.

17. This nonstatutory stock option to purchase 35,792 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.

18. This nonstatutory stock option to purchase 12,862 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.

19. This nonstatutory stock option to purchase 12,510 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.

20. This nonstatutory stock option to purchase 12,510 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 committed service through each date.

21. This nonstatutory stock option to purchase 12,529 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 committed service through each date.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Perotti	10/28/2025
	** 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.

FAQ

What did PFSI’s CFO report on Form 4 dated 10/24/2025?

Option exercises for 11,852 shares at $11.28 and 14,159 shares at $18.05, followed by multiple open‑market sales at prices around $130–$133.

How many PFSI shares were sold and at what weighted average prices?

Sales totaled 5,821 at $130.76, 4,072 at $132.93, 1,959 at $133.46, 10,980 at $130.60, 1,859 at $131.41, and 1,320 at $132.21.

What are the PFSI CFO’s holdings after the transactions?

Direct holdings shown were 9,964 restricted stock units; 225,250 shares were held indirectly by The Perotti Family Trust.

Which transaction codes were used in the PFSI Form 4?

Code M for option exercises (conversions) and code S for open‑market sales.

What is the officer’s role at PennyMac Financial Services (PFSI)?

The reporting person is the company’s Chief Financial Officer.