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

Rhea-AI Filing Summary

Velocity Financial insider sale recorded on Form 4. Chief Financial Officer Mark R. Szczepaniak reported dispositions of common stock dated 09/02/2025, including a sale of 1,572 shares at $18.85 per share. The filing shows a disposition of 106,412 shares and reports 51,683 shares beneficially owned indirectly through a family trust after the transactions. The form indicates the sale was made pursuant to a written plan intended to satisfy Rule 10b5-1 conditions.

Positive

• Transactions disclosed under a 10b5-1 plan, indicating a pre-established trading arrangement was used
• Form 4 properly signed (power of attorney signature) and includes specific share counts and price for the reported sale

Negative

• Large dispositions reported: 106,412 shares disposed of (and an additional 1,572 shares sold at $18.85)
• Beneficial ownership reduced to 51,683 shares indirectly held through a family trust after the transactions

Insights

Securities Analyst

TL;DR: CFO disclosed significant share dispositions under a 10b5-1 plan; remaining indirect stake is 51,683 shares.

The Form 4 shows Mark R. Szczepaniak, Velocity Financial CFO, executed dispositions on 09/02/2025. A specific sale of 1,572 shares occurred at $18.85 per share, and the filing records a larger disposition of 106,412 shares. After these transactions, the filing reports 51,683 shares beneficially owned indirectly via a family trust. The 10b5-1 box is checked, indicating the transactions were made pursuant to a pre-established written plan, which may limit the inference of opportunistic timing. This is a routine insider liquidity event but sizable in absolute share counts.

Corporate Governance Expert

TL;DR: Disclosure is compliant and notes power-of-attorney signature; materiality depends on company share count.

The filing is properly executed (signed by Roland T. Kelly by power of attorney) and checks the 10b5-1 plan box, which supports procedural compliance. The form lacks contextual data about percentage ownership or total outstanding shares, so materiality cannot be assessed from this filing alone. The clear reporting of share counts and price for one transaction meets Section 16 disclosure requirements.

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).

X

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 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)
09/02/2025

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	09/02/2025		S		1,572	D	$18.85	51,683	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:

Remarks:

	/s/ Roland T. Kelly, by power of attorney	09/02/2025
	** 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 insider transactions did Velocity Financial (VEL) report on this Form 4?

Mark R. Szczepaniak reported dispositions on 09/02/2025, including a sale of 1,572 shares at $18.85 and a reported disposition of 106,412 shares.

Was the sale by the CFO of VEL executed under a trading plan?

Yes. The Form 4 has the box checked indicating the transaction was made pursuant to a written plan intended to satisfy Rule 10b5-1 conditions.

How many VEL shares does the reporting person beneficially own after the reported transactions?

The filing reports 51,683 shares beneficially owned indirectly through a family trust following the transactions.

Who signed the Form 4 for the reporting person?

The form is signed by Roland T. Kelly by power of attorney on behalf of the reporting person, dated 09/02/2025.

What price was disclosed for the reported sale on the Form 4?

A disclosed sale price of $18.85 per share is shown for the transaction of 1,572 shares.