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

Rhea-AI Filing Summary

PennyMac Financial Services (PFSI) director reported insider transactions. On 10/24/2025, the insider exercised 27,771 stock options at $11.28 to acquire 27,771 shares, then sold 20,544 shares at a weighted average price of $132.08 and 7,227 shares at a weighted average price of $130.06. Following these trades, direct beneficial holdings are 1,547 restricted stock units, and indirect holdings are 154,956 shares via The McCallion Family Trust dated 12/21/98.

Derivative positions now include options for 22,506 shares at an exercise price of $18.05 and 17,204 shares at $24.40; the option at $11.28 was fully exercised and now shows 0 remaining.

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
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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^*

MCCALLION ANNE

(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)
10/24/2025

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	10/24/2025		M		27,771	A	$11.28	29,318(1)	D
Common Stock	10/24/2025		S		20,544	D	$132.08(2)	8,774	D
Common Stock	10/24/2025		S		7,227	D	$130.06(3)	1,547(4)	D
Common Stock								154,956	I	The McCallion Family Trust dated 12/21/98

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
Nonstatutory Stock Option (Right to Buy)	$11.28	10/24/2025		M			27,771	03/07/2017	03/06/2026	Common Stock	27,771(5)	$0	0	D
Nonstatutory Stock Option (Right to Buy)	$18.05							03/06/2018	03/05/2027	Common Stock	22,506(6)		22,506	D
Nonstatutory Stock Option (Right to Buy)	$24.4							03/09/2019	03/08/2028	Common Stock	17,204(7)		17,204	D

Explanation of Responses:

1. The reported amount consists of 1,547 restricted stock units and 27,771 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

2. The price reported is the weighted average price of multiple transactions ranging from $131.75 to $132.74. 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 shares of beneficial interest and the prices at which the transactions were effected.

3. The price reported is the weighted average price of multiple transactions ranging from $132.75 to $133.49. 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 shares of beneficial interest and the prices at which the transactions were effected.

4. The reported amount consists of 1,547 restricted stock units. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

5. This nonstatutory stock option to purchase 27,771 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.

6. This nonstatutory stock option to purchase 22,506 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.

7. This nonstatutory stock option to purchase 17,204 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.

	/s/ Derek W. Stark, attorney-in-fact for Ms. McCallion	10/28/2025
	** 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.

FAQ

What insider transactions were reported for PFSI on 10/24/2025?

A director exercised 27,771 options at $11.28, acquired 27,771 shares, and sold 20,544 and 7,227 shares at weighted average prices.

How many PFSI shares did the insider sell and at what prices?

The insider sold 20,544 shares at a weighted average of $132.08 and 7,227 shares at a weighted average of $130.06.

What are the insider’s post-transaction direct holdings in PFSI?

Direct beneficial holdings are 1,547 restricted stock units to be settled in an equal number of shares upon vesting.

What indirect PFSI holdings does the insider report?

Indirect beneficial ownership is 154,956 shares held by The McCallion Family Trust dated 12/21/98.

Which PFSI stock options remain after the transactions?

Options remain for 22,506 shares at $18.05 (expiring 03/05/2027) and 17,204 shares at $24.40 (expiring 03/08/2028). The $11.28 option was fully exercised.

What was the total number of PFSI shares acquired via option exercise?

The insider acquired 27,771 shares through the exercise of options at an exercise price of $11.28.