Tam Fiona 4

What Happened
Fiona Tam, Chief Accounting Officer of Velocity Financial, had 4,251 shares withheld by the company on January 28, 2026 to satisfy tax withholding obligations tied to the vesting of previously granted performance stock units (PSUs). The withholding price was $20.22 per share, for a total value of $85,955. This was an administrative tax-withholding transaction (not an open-market sale).

Key Details

• Transaction date: 2026-01-28; withholding price: $20.22 per share.
• Shares withheld/retained: 4,251; total value: $85,955.
• Shares owned after transaction: not specified in this Form 4 filing.
• Footnote: Shares were withheld and retained by Velocity as payment for tax liabilities resulting from PSU vesting (tax withholding code F).
• Filing date: 2026-01-29 (reports the 1/28/2026 transaction); filing appears to be timely.

Context
Tax withholding of vested equity is a common administrative action and does not necessarily indicate an intentional sale or change in insider sentiment. Because shares were retained by the company to cover taxes on PSU vesting (a cashless/withholding mechanism), this transaction differs from an open-market sale and is generally considered routine.