Kelly Roland Thomas 4

What Happened Kelly Roland Thomas, General Counsel and Chief Legal Officer of Velocity Financial (VEL), had 16,170 shares disposed on January 28, 2026. The shares were reported at $20.22 each for a total value of approximately $326,957. This was not an open-market sale for cash gain but a company withholding of shares to cover tax liabilities tied to the vesting of previously granted performance stock units (PSUs).

Key Details

• Transaction date: 2026-01-28; price per share: $20.22; total value: ~$326,957.
• Transaction type/code: F — shares withheld to satisfy tax withholding obligations (disposition by company).
• Footnote: F1 — "Shares withheld and retained by Velocity as payment for tax liabilities resulting from the vesting of previously granted PSUs."
• Shares owned after the transaction: not specified in this filing.
• Filing timeliness: Reported on 2026-01-29 for a 2026-01-28 transaction (appears timely).

Context Withholding shares to cover taxes on vested awards is a routine administrative action and does not necessarily indicate insider sentiment about the company's stock price. This is a non-market disposition (company-retained shares), not a voluntary sale on the open market.