SPECTOR DAVID 4

What Happened
David Spector, Chairman & CEO of PennyMac Financial Services (PFSI), sold a total of 22,436 shares on March 6, 2026 in multiple open-market/private transactions for aggregate proceeds of about $1.94 million. Individual reported lots: 729 @ $85.26, 8,251 @ $86.42, 1,020 @ $86.93, 917 @ $85.26, 10,210 @ $86.42 and 1,309 @ $86.93. These were sales (not purchases) and were executed pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 9, 2026 (timely filing).
• Total shares sold: 22,436; total reported proceeds ≈ $1,938,197 (~$1.94M).
• Reported prices (weighted averages / ranges):
  • Lots reported at $85.26 (weighted average; underlying trades ranged $84.735–$85.70).
  • Lots reported at $86.42 (weighted average; underlying trades ranged $85.78–$86.775).
  • Lots reported at $86.93 (weighted average; underlying trades ranged $86.78–$87.21).
• Shares owned following the transactions: 491,560 shares of Common Stock and 37,841 restricted stock units (RSUs) to be settled into an equal number of shares on vesting (total economic interest = 529,401 shares/RSU-equivalents).
• Footnotes: sales were automatic under a 10b5-1 plan adopted Aug 8, 2025; weighted‑average pricing reported for grouped trades with provided price ranges.

Context: These were pre-arranged sales under a 10b5-1 plan, which is a routine mechanism insiders use to sell shares according to a preset schedule; such sales are not, by themselves, a clear signal of management sentiment.