Farrar Christopher D. 4

What Happened
Christopher D. Farrar, CEO of Velocity Financial (VEL), had 64,705 shares withheld by the company on Jan 28, 2026 to satisfy tax liabilities arising from the vesting of previously granted performance stock units (PSUs). The withheld shares are reported at $20.22 per share, totaling approximately $1,308,335. This was a tax-withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-01-28; reported on Form 4 filed 2026-01-29 (timely filing).
• Shares withheld/disposed: 64,705 shares at $20.22 each; total value ≈ $1,308,335.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — Shares were withheld and retained by Velocity as payment for tax liabilities from vested PSUs.
• Transaction type: Tax withholding (code F) — routine disposition to cover withholding obligations, not a market sale.

Context
This was a cashless/tax-withholding action tied to PSU vesting: the company retained shares to pay taxes rather than the insider selling shares on the open market. Such withholding transactions are common and generally reflect tax mechanics rather than a vote of confidence or lack thereof in the company.