Velocity (NYSE: VEL) legal chief uses stock vesting to cover taxes

Rhea-AI Filing Summary

Velocity Financial, Inc. reported that its Chief Legal Officer and General Counsel, Kelly Roland Thomas, had 2,109 shares of common stock withheld on January 13, 2026. These shares were retained by Velocity as payment for tax liabilities arising from the vesting of previously granted restricted stock at a price of $18.70 per share. After this tax withholding, Thomas beneficially owned 98,861 shares of Velocity common stock, held directly.

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

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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).

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^*

Kelly Roland Thomas

(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 Legal Officer and GC

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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	01/13/2026		F(1)		2,109	D	$18.7	98,861	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. Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted restricted stock.

Remarks:

	/s/ Roland T. Kelly	01/15/2026
	** 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).
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FAQ

What insider transaction did Velocity Financial (VEL) report for January 13, 2026?

Velocity Financial reported that Chief Legal Officer and GC Kelly Roland Thomas had 2,109 shares of common stock withheld and retained by the company on January 13, 2026 to cover tax liabilities from the vesting of previously granted restricted stock.

Who is the insider involved in this Velocity Financial (VEL) Form 4 filing?

The insider is Kelly Roland Thomas, who serves as Chief Legal Officer and General Counsel of Velocity Financial, Inc.

What was the price used for the Velocity Financial (VEL) tax withholding shares?

The 2,109 withheld shares of Velocity Financial common stock were valued at $18.70 per share for purposes of covering tax liabilities related to the restricted stock vesting.

How many Velocity Financial (VEL) shares does the insider own after the reported transaction?

Following the tax withholding transaction, Kelly Roland Thomas beneficially owned 98,861 shares of Velocity Financial common stock, held directly.

Was the Velocity Financial (VEL) insider transaction an open-market sale?

No. According to the disclosure, the 2,109 shares were withheld and retained by Velocity as payment for tax liabilities from the vesting of previously granted restricted stock, rather than sold in an open-market transaction.

What type of security was involved in this Velocity Financial (VEL) Form 4?

The transaction involved common stock of Velocity Financial, Inc., related to the vesting of previously granted restricted stock and associated tax withholding.