PennyMac (NYSE: PFSI) CEO’s plan-based insider stock sales detailed

Q: Were the PFSI insider sales by David Spector under a Rule 10b5-1 plan?

Yes. The sales occurred automatically under a Rule 10b5-1 trading plan adopted by David Spector on August 8, 2025 , as disclosed in the footnotes.

Q: At what prices were the PennyMac (PFSI) shares sold in this Form 4?

The reported weighted average prices were $144.81 for 4,872 shares, $145.54 for 5,080 shares, and $146.295 for 48 shares.

Q: How many PennyMac shares does David Spector hold after these transactions?

After the transactions, David Spector held 100,604 shares indirectly through ST Family Investment Company LLC and 552,859 shares directly.

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

Of the 552,859 directly held shares, 36,299 are restricted stock units that will be settled in an equal number of shares of common stock upon vesting.

Q: Is ST Family Investment Company LLC the direct seller in this PFSI Form 4?

Yes. The transactions are reported as indirect , with ownership attributed to ST Family Investment Company LLC , an entity associated with David Spector.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

PennyMac Financial Services Chairman & CEO David Spector reported automatic insider stock sales tied to an entity associated with him. On January 13, 2026, ST Family Investment Company LLC sold 4,872 shares of PennyMac common stock at a weighted average price of $144.81, 5,080 shares at $145.54, and 48 shares at $146.295, under a Rule 10b5-1 trading plan adopted on August 8, 2025.

After these transactions, ST Family Investment Company LLC held 100,604 PennyMac shares indirectly for Spector. He also held 552,859 shares directly, consisting of 516,560 shares of common stock and 36,299 restricted stock units that will be settled in an equal number of shares upon vesting.

Insider Trade Summary

Net Seller: 10,000 shares ($1,451,880)

Net Sell 4 txns

Insider SPECTOR DAVID

Role Chairman & CEO

Sold 10,000 shs ($1.45M)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,872	$144.81	$706K
Sale	Common Stock	5,080	$145.54	$739K
Sale	Common Stock	48	$146.295	$7K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 105,732 shares (Indirect, ST Family Investment Company LLC); Common Stock — 552,859 shares (Direct)

Footnotes (1)

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025. The price reported is the weighted average price of multiple transactions ranging from $144.13 to $145.125. 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 Stock and the prices at which the transactions were effected. The price reported is the weighted average price of multiple transactions ranging from $145.13 to $146.10. 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 Stock and the prices at which the transactions were effected. The reported amount consists of 36,299 restricted stock units and 516,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Form 4 Insider Transactions: What Each Field Means →

01/14/2026 - 05:46 PM

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

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/13/2026		S⁽¹⁾		4,872	D	$144.81⁽²⁾	105,732	I	ST Family Investment Company LLC
Common Stock	01/13/2026		S⁽¹⁾		5,080	D	$145.54⁽³⁾	100,652	I	ST Family Investment Company LLC
Common Stock	01/13/2026		S⁽¹⁾		48	D	$146.295	100,604	I	ST Family Investment Company LLC
Common Stock								552,859⁽⁴⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

2. The price reported is the weighted average price of multiple transactions ranging from $144.13 to $145.125. 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 Stock and the prices at which the transactions were effected.

3. The price reported is the weighted average price of multiple transactions ranging from $145.13 to $146.10. 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 Stock and the prices at which the transactions were effected.

4. The reported amount consists of 36,299 restricted stock units and 516,560 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	01/14/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

The filing shows that an entity associated with David Spector, ST Family Investment Company LLC, sold 4,872, 5,080, and 48 shares of PennyMac common stock on January 13, 2026.

Were the PFSI insider sales by David Spector under a Rule 10b5-1 plan?

Yes. The sales occurred automatically under a Rule 10b5-1 trading plan adopted by David Spector on August 8, 2025, as disclosed in the footnotes.

At what prices were the PennyMac (PFSI) shares sold in this Form 4?

The reported weighted average prices were $144.81 for 4,872 shares, $145.54 for 5,080 shares, and $146.295 for 48 shares.

How many PennyMac shares does David Spector hold after these transactions?

After the transactions, David Spector held 100,604 shares indirectly through ST Family Investment Company LLC and 552,859 shares directly.

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

Of the 552,859 directly held shares, 36,299 are restricted stock units that will be settled in an equal number of shares of common stock upon vesting.

Is ST Family Investment Company LLC the direct seller in this PFSI Form 4?

Yes. The transactions are reported as indirect, with ownership attributed to ST Family Investment Company LLC, an entity associated with David Spector.