PennyMac (PFSI) Form 4: Perotti Executes Rule 10b5-1 Sale; Trust Holds 225,250 Shares

Rhea-AI Filing Summary

Daniel S. Perotti, Chief Financial Officer of PennyMac Financial Services, Inc. (PFSI), reported an automatic sale of 2,925 shares of the issuer's common stock on 09/05/2025 at a price of $116.63 per share under a Rule 10b5-1 trading plan adopted on June 2, 2025. Following the reported transaction the filing lists 225,250 shares as indirectly beneficially owned through The Perotti Family Trust and 9,964 restricted stock units that will settle into an equal number of common shares upon vesting. The Form 4 was signed by attorney-in-fact Derek W. Stark on 09/08/2025.

Positive

• Sale executed under a documented Rule 10b5-1 plan, indicating pre-arranged trading activity
• Substantial indirect ownership remains (225,250 shares via The Perotti Family Trust)
• Disclosure includes unvested compensation (9,964 restricted stock units to settle into shares)

Negative

• Insider disposed of 2,925 shares, which may be perceived negatively by some market participants despite being plan-driven

Insights

Financial Analyst

TL;DR: Insider executed a planned sale of a small block of shares; remaining indirect ownership and RSUs keep meaningful exposure.

The sale of 2,925 shares at $116.63 under a pre-existing 10b5-1 plan indicates a scheduled disposition rather than an opportunistic trade. Reported indirect holdings of 225,250 shares via The Perotti Family Trust plus 9,964 RSUs provide continued economic exposure to PFSI equity. The transaction size appears modest relative to the retained indirect position; there is no new material information about company operations or financial performance in this filing.

Corporate Governance Expert

TL;DR: Trade executed pursuant to a documented 10b5-1 plan; filing follows Section 16 disclosure requirements and was executed by attorney-in-fact.

The checked 10b5-1 box and the explanatory note that the sale occurred automatically under a plan adopted on June 2, 2025, support compliance with insider trading policies. The Form 4 discloses both indirect trust ownership and unvested RSUs, clarifying the reporting person's economic and beneficial interests. Signature by an attorney-in-fact is properly recorded with the filing date of September 8, 2025.

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).

X

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^*

Perotti Daniel Stanley

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		S(1)		2,925	D	$116.63	225,250	I	The Perotti Family Trust
Common Stock								9,964(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 2, 2025.

2. The reported amount consists of 9,964 restricted stock units. 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. Perotti	09/08/2025
	** 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 did PFSI CFO Daniel Perotti sell and when?

He sold 2,925 shares of PennyMac Financial Services common stock on 09/05/2025 at $116.63 per share.

Was the sale part of a 10b5-1 plan for PFSI (ticker: PFSI)?

Yes. The Form 4 indicates the sale occurred automatically under a Rule 10b5-1 trading plan adopted on June 2, 2025.

How many PFSI shares does Mr. Perotti still beneficially own?

The filing reports 225,250 shares indirectly owned through The Perotti Family Trust and 9,964 restricted stock units that will settle into common shares upon vesting.

Who signed the Form 4 for Mr. Perotti and when?

The Form 4 was signed by /s/ Derek W. Stark, attorney-in-fact for Mr. Perotti on 09/08/2025.

Does the filing indicate any amendments or additional transactions?

No amendment date is listed; the Form identifies a single sale transaction on 09/05/2025 and provides explanatory notes about the 10b5-1 plan and RSUs.