STARK DEREK 4

What Happened
Derek Stark, Chief Legal Officer of PennyMac Financial Services (PFSI), disposed of a total of 2,248 shares in late February 2026. On 2026-02-24, 345 shares were withheld to satisfy tax withholding on vested restricted stock units at $90.33 per share (proceeds/value shown $31,164). On 2026-02-25, 1,903 shares were sold in an open-market transaction at $91.50 per share for proceeds of $174,125. Total proceeds from the two transactions were about $205,289. These were sales (routine tax withholding and an automated sale under a trading plan), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-02-24: 345 shares withheld for taxes at $90.33 — $31,164 (code F).
  • 2026-02-25: 1,903 shares sold open market at $91.50 — $174,125 (code S).
• Total shares disposed: 2,248; total proceeds ≈ $205,289.
• Holdings reported (per filing footnote): 15,616 shares of Common Stock and 6,861 restricted stock units (RSUs) that will convert to shares upon vesting — total potential shares 22,477.
• Notable footnotes:
  • F1: 345 shares withheld to cover tax liability on vested RSUs.
  • F2: The 1,903-share sale occurred automatically under a Rule 10b5-1 trading plan adopted Oct 23, 2025.
  • F3: Reported holdings include 6,861 RSUs and 15,616 common shares.
• Timeliness: Form 4 filed 2026-02-26 covering transactions on 2026-02-24 and 2026-02-25 — appears timely.

Context
The transactions combine routine tax-withholding for vested RSUs and an automatic sale under a pre-established 10b5-1 plan. Such filings document insider sales but do not, by themselves, indicate company performance or insider sentiment.