Velocity Financial (NYSE: VEL) CAO logs tax withholding of 4,251 shares

Rhea-AI Filing Summary

Velocity Financial, Inc. insider Tam Fiona, the Chief Accounting Officer, reported a tax-related share withholding transaction. On 01/28/2026, 4,251 shares of common stock were withheld at $20.22 per share to cover tax liabilities from vesting performance stock units. After this withholding, Fiona directly beneficially owns 48,429 shares of Velocity Financial common stock.

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^*

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)
01/28/2026

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	01/28/2026		F(1)		4,251	D	$20.22	48,429	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 PSUs.

Remarks:

	/s/ Roland T. Kelly, by power of attorney	01/29/2026
	** 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).
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FAQ

What insider transaction did VEL Chief Accounting Officer Tam Fiona report?

Tam Fiona reported a tax-related share withholding transaction. On 01/28/2026, 4,251 Velocity Financial common shares were withheld at $20.22 per share to satisfy tax liabilities from vesting performance stock units, leaving her with 48,429 directly owned shares afterward.

Was the VEL Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax withholding, not an open-market sale. Velocity Financial withheld and retained 4,251 common shares to cover tax liabilities triggered by vesting previously granted performance stock units, a common administrative mechanism for equity compensation.

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

After the reported transaction, Tam Fiona beneficially owns 48,429 Velocity Financial common shares directly. This figure reflects her holdings following the 4,251-share withholding used to pay taxes arising from the vesting of prior performance stock unit awards.

What does transaction code "F" mean in the VEL Form 4 filing?

Transaction code "F" indicates shares were withheld to pay taxes on equity awards. In this case, 4,251 Velocity Financial common shares were retained by the company to settle tax liabilities from the vesting of previously granted performance stock units for Chief Accounting Officer Tam Fiona.

Does the VEL Form 4 indicate indirect ownership or a related entity for the shares?

The Form 4 shows direct ownership only. It reports Tam Fiona as holding 48,429 Velocity Financial common shares directly after the transaction, with no indication of indirect ownership through trusts, partnerships, or other entities in the provided disclosure and footnote.