PennyMac (PFSI) Insider Sale: 5,850 Shares Disposed via 10b5-1

Rhea-AI Filing Summary

Daniel Stanley Perotti, Chief Financial Officer of PennyMac Financial Services, Inc. (PFSI), filed a Form 4 reporting an insider sale on 09/02/2025. The filing shows an automatic sale of 5,850 shares of common stock at $108.20 per share executed under a Rule 10b5-1 trading plan adopted June 2, 2025. After the sale, the filing reports 228,175 shares beneficially owned indirectly by The Perotti Family Trust and 9,964 restricted stock units that will settle into common shares upon vesting. The Form 4 was signed by an attorney-in-fact on 09/03/2025.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating the sale was prearranged.
• Clear post-transaction disclosure showing 228,175 indirectly held shares and 9,964 RSUs to be settled upon vesting.

Negative

• Insider sale of 5,850 shares reduced reported beneficial holdings by that amount.
• 9,964 restricted stock units remain outstanding and will convert to shares upon vesting, potentially dilutive.

Insights

Financial Analyst

TL;DR: Insider sold 5,850 shares under a pre-established 10b5-1 plan; holdings remain substantial with 228,175 indirect shares and 9,964 RSUs.

The transaction is recorded as an automatic sale under a Rule 10b5-1 plan adopted June 2, 2025, which typically indicates the sale was pre-planned rather than a discretionary trade. The reported sale quantity (5,850 shares) and price ($108.20) are explicitly stated. Reported beneficial ownership after the sale includes 228,175 shares held indirectly by The Perotti Family Trust and 9,964 restricted stock units slated to settle into common shares upon vesting. The filing provides clear, limited disclosure with no additional financial metrics.

Corporate Governance Expert

TL;DR: Disclosure follows standard Section 16 reporting and cites a Rule 10b5-1 plan; signature executed by attorney-in-fact.

The Form 4 identifies the reporting person as the issuer's CFO and documents an automatic sale pursuant to a 10b5-1 trading plan adopted on June 2, 2025. The filing includes explicit post-transaction ownership figures and clarifies that 9,964 restricted stock units will convert to shares upon vesting. The form is signed by an attorney-in-fact, consistent with authorized filing practices. No additional governance issues or amendments are disclosed in the document.

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)
09/02/2025

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	09/02/2025		S(1)		5,850	D	$108.2	228,175	I	The Perotti Family Trust
Common Stock								9,964(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. The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 2, 2025.

2. 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.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Perotti	09/03/2025
	** 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 shares did PFSI CFO Daniel Perotti sell on 09/02/2025?

The filing reports an automatic sale of 5,850 shares of PennyMac Financial Services common stock at $108.20 per share.

Was the sale by the PFSI CFO part of a 10b5-1 trading plan?

Yes. The Form 4 states the sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted June 2, 2025.

How many PFSI shares does the reporting person beneficially own after the transaction?

The filing reports 228,175 shares beneficially owned indirectly by The Perotti Family Trust following the reported transaction.

Are there any unvested awards reported for the PFSI CFO?

Yes. The Form 4 reports 9,964 restricted stock units that are to be settled in common shares upon vesting.

Who signed the Form 4 for Daniel Perotti?

The Form 4 was signed by Derek W. Stark, attorney-in-fact for Mr. Perotti on 09/03/2025.