PFSI Form 4: Derek Stark Sells 4,750 Shares, Retains 20,621 Holdings

Rhea-AI Filing Summary

Derek Stark, Chief Legal Officer of PennyMac Financial Services, Inc. (PFSI), reported selling 4,750 shares of the company's common stock on 08/25/2025 at a weighted average price of $109.56. After the sale, he beneficially owns 20,621 shares in total, comprising 15,000 directly held shares and 5,621 restricted stock units that will convert to common shares upon vesting.

The filing discloses the sale price range for the transactions was $109.24 to $109.815 and notes the reporter can provide transaction-level details on request. No derivative transactions or other material changes in indirect ownership are reported.

Insights

Securities Analyst

TL;DR: Insider sale of 4,750 shares at ~$109.56 is a routine liquidity event and leaves the officer with meaningful retained equity.

The sale represents an officer monetizing a portion of holdings while retaining 20,621 shares including 5,621 RSUs. The weighted average price and disclosed price range provide transparency on execution. For investors, this is a liquidity event by management but not a clear signal of material change in alignment with shareholders given retained equity and vested compensation structure.

Corporate Governance Expert

TL;DR: The Form 4 shows a standard Section 16 disclosure for an officer sale; documentation and price-range disclosure are appropriate.

The report properly discloses relationship to the issuer (Chief Legal Officer) and the composition of remaining beneficial ownership, including RSUs that will settle into shares upon vesting. The filing notes willingness to provide transaction-level prices, which supports compliance and transparency. There are no indications of unusual trading patterns or derivative exercises in this filing.

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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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^*

STARK DEREK

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		S		4,750	D	$109.56(1)	20,621(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 price reported is the weighted average price of multiple transactions ranging from $109.24 to $109.815. 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.

2. The reported amount consists of 5,621 restricted stock units and 15,000 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 Stark	08/26/2025
	** 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 Derek Stark report on Form 4 for PennyMac (PFSI)?

He reported a sale of 4,750 shares of PennyMac common stock executed on 08/25/2025 with a weighted average price of $109.56.

How many PennyMac shares does Derek Stark beneficially own after the reported transaction?

He beneficially owns 20,621 shares following the sale, consisting of 15,000 common shares and 5,621 restricted stock units.

What price range did the reported transactions occur at?

The reported transactions occurred in a price range from $109.24 to $109.815, with a disclosed weighted average of $109.56.

Does the Form 4 show any derivative transactions or exercises by Derek Stark?

No. The filing shows only a non-derivative sale of common stock and does not report any derivative securities or option exercises.

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

Of the 20,621 shares reported post-transaction, 5,621 are restricted stock units that will convert to common shares upon vesting.