[144] Velocity Financial, Inc. SEC Filing

Rhea-AI Filing Summary

Velocity Financial, Inc. (VEL) reported a Form 144 notice for the proposed sale of 4,716 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $85,548.24, and an approximate sale date of 10/01/2025 on the NYSE. The shares were originally acquired as restricted stock awards from the issuer on 01/13/2024. The filing also discloses two prior 10b5-1 plan sales by the SZCZEPANIAK FAMILY TRUST totaling 3,144 shares that generated $57,928.20 on 08/12/2025 and 09/02/2025. The form includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Sale is arranged through a registered broker (Morgan Stanley Smith Barney LLC), providing orderly execution
• Prior sales executed under 10b5-1 plans, indicating pre-established trading instructions

Negative

• Disposition of restricted stock awards (4,716 shares) reduces insider-aligned holdings
• Recent 10b5-1 sales by the SZCZEPANIAK FAMILY TRUST totaled 3,144 shares, indicating ongoing selling activity

Insights

Securities Analyst

TL;DR: Routine insider lockup-related sale via broker and prior 10b5-1 plan sales; limited immediate market impact.

The filing shows a proposed sale of 4,716 common shares awarded as restricted stock on 01/13/2024, to be executed through Morgan Stanley Smith Barney LLC on the NYSE. Prior 10b5-1 sales by an associated family trust totaled 3,144 shares raising $57,928.20. These amounts are modest on an absolute basis and appear to reflect planned disposition of awarded shares rather than ad hoc large-scale liquidation. From a trading-volume and valuation perspective, the disclosed sizes are unlikely to move the market materially for a typical NYSE-listed issuer.

Corporate Governance Expert

TL;DR: Disclosure documents restricted-award origin and 10b5-1 plan usage; governance disclosure appears compliant.

The Form 144 identifies the shares as restricted stock awards granted by the issuer and notes sales executed under a 10b5-1 plan by the named family trust, indicating pre-arranged trading instructions. The seller signs the standard representation regarding absence of undisclosed material adverse information. The filing provides key compliance details: broker identity, share counts, acquisition date, and prior three-month sales. No governance irregularities or missing mandatory fields are apparent in the provided content.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	4716	85548.24	38438579	10/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/13/2024	Restricted Stock Awards	Issuer			4716	01/13/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	09/02/2025	1572	29632.20
10b5-1 Sales for SZCZEPANIAK FAMILY TRUST U/A DTD 08/10/2021 2945 Townsgate Road, Suite 110 Westlake Village CA 91361	Common	08/12/2025	1572	28296.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What quantity of VEL shares does the Form 144 propose to sell?

The notice proposes sale of 4,716 common shares with aggregate market value $85,548.24.

On what date and exchange is the proposed VEL sale scheduled?

The approximate sale date is 10/01/2025 and the securities are listed to be sold on the NYSE.

How were the shares being sold originally acquired?

The 4,716 shares were acquired as restricted stock awards from the issuer on 01/13/2024.

Were there any related sales in the past three months disclosed?

Yes; two 10b5-1 plan sales by the SZCZEPANIAK FAMILY TRUST sold 1,572 shares on 08/12/2025 for $28,296.00 and 1,572 shares on 09/02/2025 for $29,632.20.

Who is the broker handling the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.