David Spector (PennyMac Financial, NYSE: PFSI) sells 22,436 shares in 10b5-1 trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

PennyMac Financial Services Chairman & CEO David Spector and an affiliated entity reported open-market sales of 22,436 shares of Common Stock on March 6, 2026. The trades occurred automatically under a Rule 10b5-1 trading plan adopted on August 8, 2025. Following these transactions, ST Family Investment Company LLC held 80,604 shares indirectly, while Spector held 529,401 shares directly, including 37,841 restricted stock units that settle in the same number of shares upon vesting.

Insider Trade Summary

Net Seller: 22,436 shares ($1,938,198)

Net Sell 6 txns

Insider SPECTOR DAVID

Role Chairman & CEO

Sold 22,436 shs ($1.94M)

Type	Security	Shares	Price	Value
Sale	Common Stock	729	$85.26	$62K
Sale	Common Stock	8,251	$86.42	$713K
Sale	Common Stock	1,020	$86.93	$89K
Sale	Common Stock	917	$85.26	$78K
Sale	Common Stock	10,210	$86.42	$882K
Sale	Common Stock	1,309	$86.93	$114K

Holdings After Transaction: Common Stock — 89,875 shares (Indirect, ST Family Investment Company LLC); Common Stock — 540,920 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 $84.735 to $85.70. 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 $85.78 to $86.775. 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 $86.78 to $87.21. 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 37,841 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 →

03/09/2026 - 05:12 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)
03/06/2026

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	03/06/2026		S		729⁽¹⁾	D	$85.26⁽²⁾	89,875	I	ST Family Investment Company LLC
Common Stock	03/06/2026		S		8,251⁽¹⁾	D	$86.42⁽³⁾	81,624	I	ST Family Investment Company LLC
Common Stock	03/06/2026		S		1,020⁽¹⁾	D	$86.93⁽⁴⁾	80,604	I	ST Family Investment Company LLC
Common Stock	03/06/2026		S		917⁽¹⁾	D	$85.26⁽²⁾	540,920	D
Common Stock	03/06/2026		S		10,210⁽¹⁾	D	$86.42⁽³⁾	530,710	D
Common Stock	03/06/2026		S		1,309⁽¹⁾	D	$86.93⁽⁴⁾	529,401⁽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 $84.735 to $85.70. 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 $85.78 to $86.775. 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 $86.78 to $87.21. 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 37,841 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	03/09/2026
	** 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

How many PennyMac Financial (PFSI) shares were sold in David Spector’s latest Form 4?

David Spector and an affiliated entity reported selling a total of 22,436 shares of PennyMac Financial Common Stock. These open-market sales were split between indirect holdings at ST Family Investment Company LLC and Spector’s direct ownership on March 6, 2026.

Were David Spector’s recent PFSI stock sales under a Rule 10b5-1 plan?

Yes. The sales reported were executed automatically under a Rule 10b5-1 trading plan adopted by David Spector on August 8, 2025. Such plans pre-set trading instructions, aiming to separate trading decisions from day-to-day, non-public corporate information.

What sale prices were reported for David Spector’s March 6, 2026 PFSI trades?

Reported weighted average sale prices were $85.26, $86.42, and $86.93 per share. Each represents multiple trades within price ranges disclosed in the Form 4 footnotes, with Spector undertaking to provide specific trade quantities and prices upon request.

How many PennyMac Financial shares does David Spector own after these transactions?

After the March 6, 2026 sales, indirect holdings at ST Family Investment Company LLC were 80,604 shares, and direct holdings were 529,401 shares. The direct amount includes 37,841 restricted stock units that will settle in an equal number of shares upon vesting.

What portion of David Spector’s direct PFSI holdings are restricted stock units?

Of the 529,401 directly held PennyMac Financial shares reported after the transactions, 37,841 are restricted stock units. These units are scheduled to be settled in an equal number of Common Stock shares when they vest, according to the Form 4 footnote.