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PennyMac CLO Derek Stark reports minor share gift in Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 discloses that on 25 Jul 2025, PennyMac Financial Services (PFSI) Chief Legal Officer Derek Stark executed a transaction coded “G,” indicating a bona-fide gift of 250 common shares to a family member. No consideration was paid (price $0).

Following the gift, Stark’s direct beneficial ownership stands at 25,371 PFSI shares, composed of 19,750 unrestricted common shares and 5,621 restricted stock units (RSUs) that will settle one-for-one in stock upon future vesting.

The filing, signed 28 Jul 2025, reflects a routine estate-planning transfer; it does not alter the executive’s overall economic exposure in a material way and carries no immediate earnings, cash-flow or valuation implications for shareholders.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine gift of 250 shares; negligible impact on float or insider sentiment.

The transaction represents just 1% of Stark’s post-gift holdings and less than 0.001% of PFSI’s 56 mn-share float. Because it is a non-monetary transfer, it neither signals bullish selling pressure nor raises liquidity concerns. Insider retains meaningful exposure via 25 k shares, suggesting alignment remains intact. Overall, the filing is administratively important but not financially material for investors.

Insider STARK DEREK
Role Chief Legal Officer
Type Security Shares Price Value
Gift Common Stock 250 $0.00 --
Holdings After Transaction: Common Stock — 25,371 shares (Direct)
Footnotes (1)
  1. Represents a bona fide gift of shares to a family member. The reported amount consists of 5,621 restricted stock units and 19,750 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 →
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).
1. Name and Address of Reporting Person*
STARK DEREK
(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 Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025
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 07/25/2025 G 250(1) D $0 25,371(2) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents a bona fide gift of shares to a family member.
2. The reported amount consists of 5,621 restricted stock units and 19,750 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 Stark 07/28/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did PFSI insider Derek Stark report in the July 2025 Form 4?

He gifted 250 common shares to a family member at $0 consideration.

How many PennyMac Financial (PFSI) shares does Stark own after the transaction?

He directly holds 25,371 shares, including 5,621 RSUs.

Does the gift transaction affect PFSI’s share count or earnings?

No. It is an off-market transfer that does not change total shares outstanding or company earnings.

What is the SEC transaction code "G" noted in the filing?

Code G designates a bona-fide gift of securities with no monetary consideration.

When was the Form 4 for PFSI filed?

The document was signed and filed on 28 Jul 2025.