Kelly Roland Thomas 4

What Happened
Kelly Roland Thomas, Chief Legal Officer and General Counsel of Velocity Financial, had 1,752 shares withheld by the company on 2026-01-21 to satisfy tax liabilities tied to the vesting of previously granted restricted stock. The shares were valued at $19.53 each, for a total of approximately $34,217. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-01-21; Filing date: 2026-01-22 (filed the next day).
• Price per share: $19.53; Shares withheld/disposed: 1,752; Total value: ~$34,217.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: F (shares withheld/retained by the issuer to pay tax liabilities). Footnote: shares withheld and retained by Velocity as payment for tax liabilities from vesting of restricted stock.
• Filing appears timely (Form 4 filed within one day of the reported transaction).

Context
Tax-withholding dispositions are routine when restricted stock vests; the company retains shares to cover the insider’s tax bill rather than the insider selling shares on the open market. Such transactions generally reflect tax mechanics rather than a deliberate decision by the insider to buy or sell stock for investment reasons.