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  4. [Form 4] PennyMac Financial Services, Inc. Insider Trading Activity

Pre-planned sale trims PennyMac (NYSE: PFSI) CEO-linked stake

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

PennyMac Financial Services, Inc. reported an open-market sale of 10,000 shares of its Common Stock on April 14, 2026 by an entity associated with Chairman & CEO David Spector. The shares were sold indirectly through ST Family Investment Company LLC, in two trades of 9,583 shares at $92.80 and 417 shares at $93.47 per share.

The filing states these sales occurred automatically under a Rule 10b5-1 trading plan adopted by Spector. After the transactions, ST Family Investment Company LLC holds 70,604 shares indirectly, while Spector also holds 529,401 shares directly, including 37,841 restricted stock units that will settle in an equal number of shares upon vesting.

Positive

  • None.

Negative

  • None.
Insider SPECTOR DAVID
Role Chairman & CEO
Sold 10,000 shs ($928K)
Type Security Shares Price Value
Sale Common Stock 9,583 $92.80 $889K
Sale Common Stock 417 $93.47 $39K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 71,021 shares (Indirect, ST Family Investment Company LLC); Common Stock — 529,401 shares (Direct)
Footnotes (1)
  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 $92.29 to $93.28. 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 Stock and the prices at which the transactions were effected. The price reported is the weighted average price of multiple transactions ranging from $93.36 to $93.735. 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 37,841 restricted stock units and 491,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Shares sold (lot 1) 9,583 shares at $92.80 Open-market sale on April 14, 2026 via ST Family Investment Company LLC
Shares sold (lot 2) 417 shares at $93.47 Second open-market sale on April 14, 2026 via ST Family Investment Company LLC
Total shares sold 10,000 shares Net open-market sales reported in this Form 4
Indirect holdings after sale 70,604 shares Common Stock held indirectly through ST Family Investment Company LLC after transactions
Direct holdings after sale 529,401 shares Common Stock held directly by David Spector after transactions
Restricted stock units 37,841 RSUs Included within direct holdings; to settle in equal shares upon vesting
Direct common shares within holding 491,560 shares Portion of direct holding that is common stock, alongside restricted stock units
Rule 10b5-1 trading plan financial
"The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"The reported amount consists of 37,841 restricted stock units and 491,560 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.
weighted average price financial
"The price reported is the weighted average price of multiple transactions ranging from $92.29 to $93.28."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "ST Family Investment Company LLC""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/14/2026S(1)9,583D$92.8(2)71,021IST Family Investment Company LLC
Common Stock04/14/2026S(1)417D$93.47(3)70,604IST Family Investment Company LLC
Common Stock529,401(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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 $92.29 to $93.28. 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 Stock and the prices at which the transactions were effected.
3. The price reported is the weighted average price of multiple transactions ranging from $93.36 to $93.735. 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 37,841 restricted stock units and 491,560 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. Spector04/15/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PennyMac Financial (PFSI) report in this Form 4?

PennyMac Financial reported that an entity associated with Chairman & CEO David Spector sold 10,000 shares of Common Stock in open-market transactions on April 14, 2026, executed indirectly through ST Family Investment Company LLC at prices around the low $90s per share.

At what prices were the PFSI shares sold in the April 14, 2026 transactions?

The filing shows two open-market sales: 9,583 shares at $92.80 per share and 417 shares at $93.47 per share. Footnotes note these are weighted average prices across multiple trades executed within specified intraday price ranges.

Was the PennyMac (PFSI) insider sale made under a Rule 10b5-1 plan?

Yes. The Form 4 states the sales occurred automatically under a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025. Such pre-arranged plans typically schedule trades in advance, reducing the significance of short-term market timing.

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

After the reported transactions, the filing shows 70,604 shares held indirectly through ST Family Investment Company LLC and 529,401 shares held directly. The direct holding includes 37,841 restricted stock units that will be settled in shares upon vesting.

What are the restricted stock units mentioned in the PFSI Form 4?

The filing explains that the reported direct position includes 37,841 restricted stock units, together with 491,560 shares of Common Stock. These restricted stock units are scheduled to be settled in an equal number of Common Stock shares when they vest in the future.

How large was the net share change in this PFSI insider Form 4?

The transaction summary indicates a net sale of 10,000 shares of PennyMac Financial Common Stock, all through open-market dispositions. There were no option exercises, no gifts, and no tax-withholding transactions reported in this particular Form 4 filing.