Director Nanji adds PennyMac (PFSI) shares through fee-paid stock grant

Rhea-AI Filing Summary

PennyMac Financial Services director Farhad Nanji reported receiving 213 shares of common stock on February 2, 2026. These shares were issued in lieu of cash fees for his prior-quarter board service and are valued at $147.37 per share, under an exemption in Rule 16b-3.

After this grant, Nanji directly beneficially owned 185,536 shares, which includes restricted stock units that will settle in an equal number of shares upon vesting. He also indirectly beneficially owned 4,531,792 shares through MFN Partners, LP, reflecting a large associated holding.

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

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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^*

NANJI FARHAD

(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)
02/02/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/02/2026		A		213(1)	A	$147.37	185,536(2)	D
Common Stock								4,531,792	I	MFN Partners, LP

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 Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

2. The reported amount consists of 1,547 restricted stock units and 183,989 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. Nanji	02/04/2026
	** 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.

FAQ

What did PennyMac (PFSI) director Farhad Nanji report in this Form 4?

Farhad Nanji reported acquiring 213 PennyMac shares on February 2, 2026. The shares were granted as stock compensation for his prior-quarter board service, replacing cash fees and reported at a price of $147.37 per share under Rule 16b-3 exemption.

How many PennyMac (PFSI) shares does Farhad Nanji own after this transaction?

After the transaction, Nanji directly owned 185,536 shares of PennyMac common stock. This figure includes 1,547 restricted stock units plus 183,989 shares, with the units scheduled to settle in an equal number of shares when they vest.

Why did PennyMac director Farhad Nanji receive 213 shares instead of cash?

The 213 shares were issued in lieu of cash compensation for Nanji’s services as a non‑management director in the prior quarter. This stock grant replaces director cash fees and is treated as exempt under Rule 16b‑3 of the Securities Exchange Act.

What is the significance of Rule 16b-3 in Nanji’s PennyMac Form 4?

Rule 16b-3 provides an exemption for this director stock grant. It allows issuers to deliver equity compensation to insiders, like non‑management directors, without triggering short‑swing profit liability, so long as the award meets specific board or committee approval conditions.

What indirect PennyMac (PFSI) holdings are associated with Farhad Nanji?

The Form 4 shows 4,531,792 shares indirectly owned, attributed to MFN Partners, LP. These shares are reported as indirect beneficial ownership, indicating a large associated position separate from Nanji’s directly held and restricted stock unit-based PennyMac holdings.

How are Nanji’s restricted stock units in PennyMac structured?

Nanji’s reported holdings include 1,547 restricted stock units. According to the filing, each restricted stock unit will settle into one share of PennyMac common stock upon vesting, adding to his directly owned share count at that future vesting date.