PennyMac Director Disposes 7,107 Shares; RSUs and Trust Holdings Disclosed

Rhea-AI Filing Summary

Joseph F. Mazzella, a director of PennyMac Financial Services, Inc. (PFSI), reported a sale of 7,107 shares of the issuer's common stock on 08/13/2025 at a weighted average price of $108.16 per share. After the sale, Mr. Mazzella directly beneficially owned 86,050 shares, which the filing states includes 1,547 restricted stock units that will convert to common shares upon vesting, and indirectly beneficially owned 165,031 shares through the Mazzella Family Irrevocable Trust. The filing was executed by an attorney-in-fact and signed on 08/14/2025. The disclosure includes the transaction price range ($107.68 to $108.52) and the reporter's offer to provide per-transaction details on request.

Positive

• Timely reporting: Form 4 reflects the transaction on 08/13/2025 and was signed/declared on 08/14/2025
• Clear ownership breakdown: Filing specifies direct holdings, indirect trust holdings, and the number of restricted stock units
• Price transparency: Reports weighted average price $108.16 and discloses transaction price range $107.68–$108.52

Negative

• Insider sale: Director reported a sale of 7,107 shares, reducing direct holdings
• Concentration of ownership: Significant indirect holdings (165,031 shares) remain in a family trust, maintaining insider exposure

Insights

Financial Analyst

TL;DR: Director sold a small portion of his position; ownership remains concentrated between direct and trust holdings.

The 7,107-share sale represents a partial disposition relative to total reported beneficial ownership (combined 251,081 shares). The weighted average sale price of $108.16 and the disclosed transaction range provide transparency on execution. The presence of 1,547 restricted stock units indicates ongoing equity compensation exposure. Overall, this is a routine insider sale with continued meaningful exposure via both direct and indirect holdings.

Corporate Governance Expert

TL;DR: Filing appears complete and timely; includes clear breakdown of direct vs indirect holdings and RSUs.

The Form 4 discloses necessary elements: transaction date, code, amount, price range, and post-transaction beneficial ownership, and is signed by an attorney-in-fact one day after the transaction. The explicit note about RSUs and willingness to provide detailed trade-level data supports governance transparency. No conflicts, amendments, or plan-based 10b5-1 indicators are present in the text.

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^*

MAZZELLA JOSEPH F

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		S		7,107	D	$108.16(1)	86,050(2)	D
Common Stock								165,031	I	Mazzella Family Irrevocable Trust

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 price reported is the weighted average price of multiple transactions ranging from $107.68 to $108.52. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of shares of Common Stock and the prices at which the transactions were effected.

2. The reported amount consists of 1,547 restricted stock units and 84,503 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. Mazzella	08/14/2025
	** 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 transaction did Joseph F. Mazzella report on PFSI Form 4?

He reported a sale of 7,107 shares of PennyMac Financial Services, Inc. common stock on 08/13/2025.

At what price were the PFSI shares sold by the director?

The weighted average price was $108.16, with individual transactions ranging from $107.68 to $108.52.

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

Directly beneficially owned: 86,050 shares (including 1,547 RSUs); Indirectly via trust: 165,031 shares.

What portion of the reported direct holdings are restricted stock units (RSUs)?

1,547 of the 86,050 direct shares are restricted stock units that will settle into common stock upon vesting.

Who signed the Form 4 filing for Mr. Mazzella and when?

The form was signed by Derek W. Stark, attorney-in-fact for Mr. Mazzella, on 08/14/2025.