PennyMac (NYSE: PFSI) CEO David Spector sells 12,950 shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

PennyMac Financial Services Chairman & CEO David Spector reported open-market sales of 12,950 shares of Common Stock on February 19, 2026. The trades occurred under a pre-established Rule 10b5-1 plan adopted on August 8, 2025.

Sales included 10,000 shares held indirectly through ST Family Investment Company LLC and 2,950 shares from his direct holdings. Reported weighted average prices were $93.97, $94.85, and $95.81 per share, each reflecting multiple trades within stated intraday price ranges.

Following these transactions, Spector’s direct holdings totaled 541,732 shares, while indirect holdings through ST Family Investment Company LLC were 90,604 shares. His direct position includes 50,172 restricted stock units that will settle in an equal number of shares of Common Stock upon vesting.

Insider Trade Summary

Net Seller: 12,950 shares ($1,223,855)

Net Sell 6 txns

Insider SPECTOR DAVID

Role Chairman & CEO

Sold 12,950 shs ($1.22M)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,826	$93.97	$547K
Sale	Common Stock	2,451	$94.85	$232K
Sale	Common Stock	1,723	$95.81	$165K
Sale	Common Stock	1,689	$93.97	$159K
Sale	Common Stock	733	$94.85	$70K
Sale	Common Stock	528	$95.81	$51K

Holdings After Transaction: Common Stock — 94,778 shares (Indirect, ST Family Investment Company LLC); Common Stock — 542,993 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 $93.385 to $94.37. 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 $94.38 to $95.37. 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 $95.385 to $96.285. 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 50,172 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.

Form 4 Insider Transactions: What Each Field Means →

02/20/2026 - 05:59 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)
02/19/2026

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	02/19/2026		S		5,826⁽¹⁾	D	$93.97⁽²⁾	94,778	I	ST Family Investment Company LLC
Common Stock	02/19/2026		S		2,451⁽¹⁾	D	$94.85⁽³⁾	92,327	I	ST Family Investment Company LLC
Common Stock	02/19/2026		S		1,723⁽¹⁾	D	$95.81⁽⁴⁾	90,604	I	ST Family Investment Company LLC
Common Stock	02/19/2026		S		1,689⁽¹⁾	D	$93.97⁽²⁾	542,993	D
Common Stock	02/19/2026		S		733⁽¹⁾	D	$94.85⁽³⁾	542,260	D
Common Stock	02/19/2026		S		528⁽¹⁾	D	$95.81⁽⁴⁾	541,732⁽⁵⁾	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 $93.385 to $94.37. 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 $94.38 to $95.37. 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 price reported is the weighted average price of multiple transactions ranging from $95.385 to $96.285. 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.

5. The reported amount consists of 50,172 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. Spector	02/20/2026
	** 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 did PennyMac (PFSI) CEO David Spector report in this Form 4 filing?

David Spector reported open-market sales of PennyMac Common Stock totaling 12,950 shares on February 19, 2026. The trades were executed at weighted average prices around the mid-$90s per share and disclosed as part of his routine insider reporting obligations.

How many PennyMac (PFSI) shares did David Spector sell and at what prices?

Spector sold 12,950 shares of PennyMac Common Stock in six transactions on February 19, 2026. Weighted average prices were $93.97, $94.85, and $95.81 per share, each representing multiple trades within specified intraday price ranges disclosed in the filing’s footnotes.

Were David Spector’s PennyMac (PFSI) stock sales under a 10b5-1 plan?

Yes. The filing states the sales occurred automatically under a Rule 10b5-1 trading plan adopted by Spector on August 8, 2025. Such plans pre-schedule trades, providing a structured approach for insiders to sell shares over time under predefined conditions.

What portion of the PennyMac (PFSI) shares sold were held indirectly?

Of the 12,950 shares sold, 10,000 were held indirectly through ST Family Investment Company LLC, as indicated by the indirect ownership coding. The remaining 2,950 shares were sold from Spector’s directly held Common Stock position, reflecting both indirect and direct ownership activity.

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

After the reported sales, Spector held 541,732 shares directly, including 50,172 restricted stock units, and 90,604 shares indirectly through ST Family Investment Company LLC. The restricted stock units will settle into an equal number of Common Stock shares when they vest, as disclosed.

What do the weighted average prices and ranges mean in this PennyMac (PFSI) Form 4?

Each reported sale price is a weighted average across multiple trades executed that day. Footnotes explain the actual transaction prices ranged from $93.385 to $96.285, and Spector undertook to provide exact share amounts and prices to the SEC, issuer, or shareholders upon request.