How significant is the 1,573-share sale by the Velocity Financial (VEL) CFO?

The disclosed sale involved 1,573 shares, compared with the CFO’s remaining 71,546 indirect and 101,535 direct shares. This indicates the transaction is small relative to his overall reported holdings and appears consistent with routine portfolio or liquidity management.

Velocity Financial (VEL) CFO logs small open-market sale, retains over 170K shares

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Velocity Financial, Inc. Chief Financial Officer Mark R. Szczepaniak reported an open-market sale of 1,573 shares of common stock at a weighted average price of $18.13 per share, executed through a family trust. After this transaction, he indirectly holds 71,546 shares and directly holds 101,535 shares of Velocity Financial common stock.

Insider Trade Summary 10b5-1

Net Seller: 1,573 shares ($28,518)

Net Sell 2 txns

Insider Szczepaniak Mark R

Role Chief Financial Officer

Sold 1,573 shs ($29K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,573	$18.13	$29K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 71,546 shares (Indirect, Held through family trust); Common Stock — 101,535 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 1,573 shares Sale price: $18.13 per share Indirect holdings after: 71,546 shares +2 more

5 metrics

Shares sold 1,573 shares Open-market sale of common stock

Sale price $18.13 per share Weighted average sale price for the transaction

Indirect holdings after 71,546 shares Common stock held through family trust after sale

Direct holdings after 101,535 shares Common stock held directly after reported transaction

Net share change -1,573 shares Net effect of reported transactions in this Form 4

Key Terms

open-market sale, weighted average price, family trust, Form 4, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

family trust financial

"nature_of_ownership: "Held through family trust""

Form 4 regulatory

"within the ranges set forth in footnote (1) to this Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

indirect ownership financial

"ownership_type: "indirect""

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 06:50 PM

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^*

Szczepaniak Mark R

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		S		1,573	D	$18.13⁽¹⁾	71,546	I	Held through family trust
Common Stock								101,535	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $18.13 to $18.13. 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	04/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Velocity Financial (VEL) report for its CFO?

Velocity Financial reported that CFO Mark R. Szczepaniak sold 1,573 shares of common stock in an open-market transaction. The shares were sold at a weighted average price of $18.13 per share and were held indirectly through a family trust.

At what price did the Velocity Financial (VEL) CFO sell shares?

The CFO’s reported sale used a weighted average price of $18.13 per share. According to the disclosure, the 1,573 shares were sold in multiple transactions, all within a price range from $18.13 to $18.13 per share.

How many Velocity Financial (VEL) shares does the CFO still hold after the sale?

After the reported transaction, CFO Mark R. Szczepaniak indirectly holds 71,546 shares through a family trust and directly holds 101,535 shares. This shows he retains a substantial ownership position in Velocity Financial common stock following the relatively small sale.

Was the Velocity Financial (VEL) CFO’s transaction an open-market sale?

Yes. The filing identifies the transaction as an open-market sale of common stock, coded as a sale in the Form 4. The transaction direction is explicitly reported as “sell,” confirming it as a standard disposition rather than an internal transfer or grant.