[Form 4] Velocity Financial, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mark R. Szczepaniak, Chief Financial Officer of Velocity Financial, Inc. (VEL), reported a sale of 1,572 shares of the issuer's common stock on 10/01/2025 at a weighted-average price of $18.0451 per share. The filing shows the reporting person beneficially owns 106,412 shares directly and 50,111 shares indirectly through a family trust after the reported transaction. The Form 4 discloses the sale prices ranged from $18.00 to $18.27, and the reporting person offers to provide transaction-level price details on request.

Positive

• Timely disclosure of insider transaction fulfilling Section 16 reporting requirements
• Continued significant ownership by the CFO: 106,412 shares direct and 50,111 shares indirect
• Transparency on price range with offer to provide detailed trade-level information on request

Negative

• Insider sale of 1,572 shares could be perceived negatively by some investors despite remaining holdings

Insights

Securities Analyst

TL;DR: Routine insider sale disclosed; ownership remains substantial with both direct and indirect holdings.

The Form 4 reports a modest disposal by the CFO totaling 1,572 shares at a weighted-average price of $18.0451. Post-transaction holdings remain meaningful: 106,412 shares directly owned and 50,111 indirectly held via a family trust. This filing provides useful transparency on insider activity and clarifies the range of sale prices ($18.00–$18.27). There is no additional context about the purpose of the sale or timing beyond the transaction date.

Corporate Governance Expert

TL;DR: Disclosure is complete for Section 16 purposes; sale appears routine with continued significant insider ownership.

The report is properly executed and signed by a power of attorney, and it includes the required explanatory footnote about weighted-average pricing and availability of detailed trade-level data. The CFO retains substantial equity positions both directly and indirectly, which suggests continued alignment with shareholders. The filing contains no indication of compliance issues or related-party transactions beyond the noted family trust holding.

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).

1. Name and Address of Reporting Person^*

Szczepaniak Mark R

(Last) (First) (Middle)

C/O VELOCITY FINANCIAL, INC.

2945 TOWNSGATE ROAD, SUITE 110

(Street)

WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Velocity Financial, Inc. [ VEL ]

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)
10/01/2025

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	10/01/2025		S		1,572	D	$18.0451(1)	50,111	I	Held through family trust
Common Stock								106,412	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 in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.27. 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.

Remarks:

	/s/ Roland T. Kelly, by power of attorney	10/01/2025
	** 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 Mark R. Szczepaniak (VEL) report on the Form 4?

He reported a sale of 1,572 shares of Velocity Financial common stock on 10/01/2025 at a weighted-average price of $18.0451 per share.

How many VEL shares does the reporting person own after the transaction?

The Form 4 shows 106,412 shares directly and 50,111 shares indirectly via a family trust following the reported sale.

What price range were the shares sold at in the VEL Form 4?

The filing states the shares were sold in multiple transactions at prices ranging from $18.00 to $18.27.

Who signed the Form 4 filing for the reporting person?

The Form 4 is signed by /s/ Roland T. Kelly acting by power of attorney on 10/01/2025.

Does the Form 4 explain the weighted-average price?

Yes; footnote (1) explains the reported price is a weighted average and the filer will provide per-transaction pricing on request.