Velocity Financial (VEL) director awarded 5,413 restricted shares

Rhea-AI Filing Summary

Velocity Financial director receives annual stock grant

Velocity Financial, Inc. director John Pitstick received an award of 5,413 shares of common stock at a reference price of $17.55 per share. This grant is described as an annual grant of restricted stock upon his re-election to the company’s Board of Directors by shareholders.

Following this compensation-related grant, Pitstick directly holds 64,934 shares of Velocity Financial common stock. The transaction is classified as an acquisition by grant or award, not an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pitstick John

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,413	$17.55	$95K

Holdings After Transaction: Common Stock — 64,934 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 5,413 shares Grant price: $17.55 per share Total shares held after grant: 64,934 shares

3 metrics

Shares granted 5,413 shares Annual restricted stock award to director

Grant price $17.55 per share Reference price for restricted stock grant

Total shares held after grant 64,934 shares Director’s direct common stock holdings post-transaction

Key Terms

restricted stock, annual grant, Board of Directors

3 terms

restricted stock financial

"Annual grant of restricted stock upon re-election by our shareholders"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

annual grant financial

"Annual grant of restricted stock upon re-election by our shareholders"

Board of Directors financial

"re-election by our shareholders to Velocity's Board of Directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

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^*

Pitstick John

(Last) (First) (Middle)

C/O VELOCITY FINANCIAL, INC.

2945 TOWNSGATE ROAD, SUITE 110

(Street)

WESTLAKE VILLAGE CALIFORNIA 91361

(City) (State) (Zip)

UNITED STATES

(Country)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/21/2026		A(1)		5,413	A	$17.55	64,934	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. Annual grant of restricted stock upon re-election by our shareholders to Velocity's Board of Directors.

Remarks:

	/s/ Roland T. Kelly, by power of attorney	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Velocity Financial (VEL) report for John Pitstick?

Velocity Financial reported that director John Pitstick received a grant of 5,413 shares of common stock. The award is an annual grant of restricted stock tied to his re-election to the Board of Directors, increasing his direct holdings to 64,934 shares.

Was John Pitstick’s Velocity Financial (VEL) transaction a stock purchase or a grant?

The transaction was a stock grant, not an open-market purchase. John Pitstick received 5,413 shares of common stock as an annual restricted stock award upon his re-election to Velocity Financial’s Board of Directors, reflecting standard director compensation rather than discretionary buying.

How many Velocity Financial (VEL) shares does John Pitstick hold after this Form 4?

After the reported grant, John Pitstick directly holds 64,934 shares of Velocity Financial common stock. This total includes the 5,413 restricted shares awarded as part of his annual equity compensation upon re-election to the company’s Board of Directors by shareholders.

What is the reference price for John Pitstick’s Velocity Financial (VEL) stock grant?

The grant to John Pitstick used a reference price of $17.55 per share for the 5,413 restricted shares. This figure reflects the transaction price reported for the equity award, which is structured as director compensation rather than an open-market trade.

Why did John Pitstick receive restricted stock from Velocity Financial (VEL)?

John Pitstick received restricted stock as an annual equity grant upon his re-election to Velocity Financial’s Board of Directors. The Form 4 footnote explains that the 5,413-share award represents the company’s regular restricted stock compensation for Board service following shareholder re-approval.