Kelly Roland Thomas 4

What Happened
Kelly Roland Thomas, Chief Legal Officer and General Counsel of Velocity Financial, sold 1,600 shares of VEL stock in an open-market transaction on July 1, 2026. The reported weighted-average sale price was $18.57 per share (range: $18.355–$18.72), for total proceeds of approximately $29,710. This was a sale (not a purchase or option exercise) — sales by insiders are common and can be routine (e.g., for liquidity or tax purposes) and do not by themselves indicate a change in company outlook.

Key Details

• Transaction date: July 1, 2026
• Transaction type: Open-market sale (S) — 1,600 shares
• Reported weighted-average price: $18.57; reported price range: $18.355 to $18.72
• Total proceeds: ~ $29,710
• Shares owned after transaction: Not specified in the provided filing
• Footnote: The weighted average reflects multiple trades; the filer can provide a breakdown of shares sold at each price on request (see footnote F1).
• Timeliness: Filed July 6, 2026 for a July 1 transaction — this appears to be later than the typical two-business-day Form 4 deadline.

Context

• This transaction was a straight sale of shares. There is no indication in the filing of a 10b5-1 trading plan, option exercise, gift, or tax-withholding sale.
• For retail investors, purchases by insiders are often considered stronger signals than sales; insider sales can be routine and have many explanations unrelated to company fundamentals.