Kelly Roland Thomas 4

What Happened
Kelly Roland Thomas, Chief Legal Officer and General Counsel of Velocity Financial (VEL), had 1,416 shares withheld by the company on 2026-01-23 to satisfy tax liabilities stemming from the vesting of previously granted restricted stock. The withheld shares were valued at $19.39 each, totaling approximately $27,456. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-01-23; Report filed: 2026-01-26 (filed timely).
• Price used for withholding: $19.39 per share. Total value: ~$27,456.
• Shares withheld/retained by Velocity as tax payment (Disposition code: F).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — shares withheld and retained by Velocity to pay tax liabilities from RSU vesting.

Context
Tax-withholding by the employer on vested restricted stock is a routine administrative action and differs from an insider selling shares on the open market; it does not necessarily indicate the insider's view of the company. The Form 4 shows a disposition for tax purposes rather than a voluntary sale or purchase.