Szczepaniak Mark R 4

What Happened
Mark R. Szczepaniak, Chief Financial Officer of Velocity Financial, had 23,540 shares withheld by the company on January 28, 2026 to satisfy tax liabilities from the vesting of previously granted performance stock units (PSUs). The withholding was executed at $20.22 per share, representing a cash value of approximately $475,979. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-28; reported on filing dated 2026-01-29 (Accession 0001214659-26-000940).
• Shares withheld: 23,540 at $20.22 each; total value ≈ $475,979.
• Transaction code/footnote: F (shares withheld and retained by Velocity to pay tax liabilities from PSU vesting).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: no late filing flag indicated in the provided data.

Context
This action is a routine tax-withholding event tied to PSU vesting — the company retained shares to cover the officer’s tax obligation rather than the officer selling shares on the open market. Such withholdings are administrative and do not necessarily signal the insider’s market view.