Velocity Financial (VEL) CLO sells 1,600 shares under 10b5-1
Rhea-AI Filing Summary
Velocity Financial, Inc. executive Kelly Roland Thomas, Chief Legal Officer and General Counsel, sold 1,600 shares of common stock on 2026-08-06 in an open-market transaction under a Rule 10b5-1 trading plan. The sale occurred through multiple trades at weighted-average prices between $18.355 and $18.72 per share, and Thomas now holds 95,794 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,600 shares
Net Sell
1 txn
Insider
Kelly Roland Thomas
Role
Chief Legal Officer and GC
Sold
1,600 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,600 | $18.00 | $29K |
Holdings After Transaction:
Common Stock — 95,794 shares (Direct)
Footnotes (1)
- F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.355 to $18.72. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
Key Figures
Shares sold: 1,600 shares
Price range low: $18.355 per share
Price range high: $18.72 per share
+2 more
5 metrics
Shares sold
1,600 shares
Common Stock sale on 2026-08-06 by Kelly Roland Thomas
Price range low
$18.355 per share
Lower bound of weighted-average sale price range for the 1,600 shares
Price range high
$18.72 per share
Upper bound of weighted-average sale price range for the 1,600 shares
Shares held after transaction
95,794 shares
Direct ownership by Kelly Roland Thomas after the sale
Transaction date
2026-08-06
Trade date for the reported open-market sale of common stock
Key Terms
weighted average price, multiple transactions, open market or private transaction
3 terms
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging"
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider trade did Velocity Financial (VEL) report for Kelly Roland Thomas?
Velocity Financial reported that Kelly Roland Thomas, its Chief Legal Officer and General Counsel, sold 1,600 common shares on 2026-08-06. The sale was executed in multiple trades at weighted-average prices between $18.355 and $18.72, leaving 95,794 shares held directly.
Was the Velocity Financial (VEL) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 indicates that the transactions were conducted under a Rule 10b5-1 trading plan. Such plans pre-arrange trade parameters, meaning the timing of this 1,600-share sale was determined in advance rather than at the insider’s discretion on the trade date.
What type of transaction is reported in Velocity Financial (VEL)’s latest Form 4?
The filing reports a sale of common stock, coded as an "S" transaction, described as a sale in open market or private transaction. It covers 1,600 shares sold on 2026-08-06 and updates Kelly Roland Thomas’s direct ownership to 95,794 shares.