Velocity Financial (NYSE: VEL) CAO granted stock and PSU awards

Rhea-AI Filing Summary

Velocity Financial, Inc. Chief Accounting Officer Tam Fiona reported equity awards received on 01/15/2026. She acquired 3,061 shares of common stock at $19.6 per share as restricted stock that vests annually in equal installments over three years from the grant date. She was also granted 3,061 Performance Stock Units (PSUs) valued at $19.6 per unit.

Under the PSU grant terms, all units are subject to forfeiture and potential vesting from 0% to 200% of the granted amount, based on Velocity’s average annual Core Net Income growth for fiscal years 2026, 2027 and 2028, with vesting determined after fiscal year end 2028. Following these awards, Fiona beneficially owns 45,813 shares of common stock and 48,874 Performance Stock Units, all held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Tam Fiona

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,061	$19.60	$60K
Grant/Award	Performance Stock Units	3,061	$19.60	$60K

Holdings After Transaction: Common Stock — 45,813 shares (Direct); Performance Stock Units — 48,874 shares (Direct)

Footnotes (1)

1. Acquisition of restricted stock subject to annual vesting ratably over three years from grant date. Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2026, 2027 and 2028 with potential vesting of 0 to 200% of the granted PSUs following fiscal year end 2028.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Tam Fiona

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		A(1)		3,061	A	$19.6	45,813	D
Performance Stock Units	01/15/2026		A(2)	V	3,061	A	$19.6	48,874	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. Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.

2. Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2026, 2027 and 2028 with potential vesting of 0 to 200% of the granted PSUs following fiscal year end 2028.

Remarks:

	/s/ Roland T. Kelly, by power of attorney	01/16/2026
	** 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 insider transaction did Tam Fiona report for VEL?

Tam Fiona, Chief Accounting Officer of Velocity Financial, Inc. (VEL), reported receiving 3,061 shares of common stock as restricted stock and 3,061 Performance Stock Units on 01/15/2026.

How many Velocity Financial (VEL) shares does Tam Fiona hold after this Form 4?

After the reported transactions, Tam Fiona beneficially owns 45,813 shares of common stock and 48,874 Performance Stock Units, all listed as directly owned.

What are the vesting terms of the restricted stock granted to Tam Fiona at Velocity Financial (VEL)?

The footnotes state that the 3,061 restricted common shares are subject to annual vesting, ratably over three years from the grant date of 01/15/2026.

How do the Performance Stock Units for Velocity Financial (VEL) vest for Tam Fiona?

The 3,061 Performance Stock Units may vest at between 0% and 200% of the granted amount, based on Velocity’s average annual Core Net Income growth for fiscal years 2026, 2027 and 2028, with vesting determined after fiscal year end 2028.

Are Tam Fiona’s Velocity Financial (VEL) equity awards direct or indirect holdings?

The Form 4 lists both the common stock and the Performance Stock Units as held under direct (D) ownership, with no separate entity or indirect ownership structure noted.

What price was used to value Tam Fiona’s Velocity Financial (VEL) equity awards?

Both the 3,061 restricted common shares and the 3,061 Performance Stock Units were reported with a value of $19.6 per share or unit in the transaction details.