PennyMac (PFSI) CAO exercises stock options and sells 3,530 shares

Rhea-AI Filing Summary

PennyMac Financial Services, Inc. officer reports option exercise and share sale. On 12/18/2025, the company’s MD and Chief Accounting Officer exercised a nonstatutory stock option for 3,530 shares of common stock at an exercise price of $11.28 per share and acquired those shares. On the same day, 3,530 shares of common stock were sold at a weighted average price of $131.64 per share.

After these transactions, the reporting person beneficially owns 48,633 shares of common stock, consisting of 1,069 restricted stock units and 47,564 shares of common stock. The filing also lists several remaining nonstatutory stock options with exercise prices ranging from $18.05 to $101.76, each vesting in annual one-third installments over specified future dates.

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^*

Hendry Gregory L

(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)
	MD, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2025

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	12/18/2025		M		3,530	A	$11.28	52,163(1)	D
Common Stock	12/18/2025		S		3,530	D	$131.64(2)	48,633(3)	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
Nonstatutory Stock Option (Right to Buy)	$11.28	12/18/2025		M			3,530	03/07/2017	03/06/2026	Common Stock	3,530(4)	$0	0	D
Nonstatutory Stock Option (Right to Buy)	$18.05							03/06/2018	03/05/2027	Common Stock	2,943(5)		2,943	D
Nonstatutory Stock Option (Right to Buy)	$24.4							03/09/2019	03/08/2028	Common Stock	2,177(6)		2,177	D
Nonstatutory Stock Option (Right to Buy)	$60.74							02/24/2024	02/23/2033	Common Stock	1,028(7)		1,028	D
Nonstatutory Stock Option (Right to Buy)	$84.93							03/01/2025	02/28/2034	Common Stock	735(8)		735	D
Nonstatutory Stock Option (Right to Buy)	$101.76							02/14/2026	02/13/2035	Common Stock	626(9)		626	D

Explanation of Responses:

1. The reported amount consists of 1,069 restricted stock units and 51,094 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 $131.61 to $131.70. 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 reported amount consists of 1,069 restricted stock units and 47,564 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

4. This nonstatutory stock option to purchase 3,530 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.

5. This nonstatutory stock option to purchase 2,943 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.

6. This nonstatutory stock option to purchase 2,177 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.

7. This nonstatutory stock option to purchase 1,028 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026, subject to the Reporting Person's continued service through each date.

8. This non-statutory stock option to purchase 735 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026 and 2027, subject to the Reporting Person's continued service through that date.

9. This nonstatutory stock option to purchase 626 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 14, 2026, 2027 and 2028, subject to the Reporting Person's continued service through each date.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Hendry	12/19/2025
	** 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).
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FAQ

What insider transaction did PennyMac Financial Services (PFSI) report on this Form 4?

The MD and Chief Accounting Officer of PennyMac Financial Services, Inc. reported exercising a nonstatutory stock option for 3,530 shares of common stock and selling 3,530 shares of common stock on 12/18/2025.

At what prices did the PennyMac (PFSI) insider exercise and sell shares?

The option was exercised at an exercise price of $11.28 per share. The 3,530 shares of common stock were sold at a weighted average price of $131.64 per share, based on multiple trades between $131.61 and $131.70.

How many PennyMac (PFSI) shares does the reporting person own after the transaction?

Following the reported transactions, the insider beneficially owns 48,633 shares of common stock in total, made up of 1,069 restricted stock units and 47,564 shares of common stock.

What nonstatutory stock options remain outstanding for the PennyMac (PFSI) insider?

After exercising the option for 3,530 shares at $11.28, the filing shows remaining nonstatutory stock options to buy common stock including 2,943 shares at $18.05, 2,177 shares at $24.40, 1,028 shares at $60.74, 735 shares at $84.93, and 626 shares at $101.76.

How do the PennyMac (PFSI) restricted stock units work for this insider?

The filing states that the 1,069 restricted stock units are to be settled in an equal number of shares of common stock upon vesting, increasing the insider’s share ownership as they vest.

What is the role of the reporting person at PennyMac Financial Services (PFSI)?

The reporting person is listed as an officer of PennyMac Financial Services, Inc., with the title MD, Chief Accounting Officer, and files individually as one reporting person.