Pitstick John 4

What Happened John Pitstick, a director of Velocity Financial, received a grant of 5,413 restricted shares on 2026-05-21 at an implicit price of $17.55 per share, for a total reported value of $94,998. This was an awarded acquisition (restricted stock) tied to his board service following re-election, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-21 at $17.55 per share.
• Shares acquired: 5,413; total reported value: $94,998.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Annual grant of restricted stock upon re-election to Velocity's Board of Directors (per filing footnote F1).
• Filing timeliness: Report filed 2026-05-22 for a 2026-05-21 transaction — appears timely (no late filing indicated).

Context Restricted stock awards to directors are common compensation for board service and are typically subject to vesting or other transfer restrictions tied to continued service. This award is an acquisition of equity but reflects compensation governance (re-election) rather than an independent market purchase; it should be interpreted as routine director compensation rather than a direct signal of near-term trading intent.