Perotti Daniel Stanley 4

What Happened Daniel Perotti, Chief Financial Officer of PennyMac Financial Services (PFSI), sold 2,925 shares of common stock in an open-market transaction on May 15, 2026. The shares were sold at $87.50 per share for total proceeds of about $255,938. This was a sale (routine disposition), not a purchase.

Key Details

• Transaction date and price: May 15, 2026 — 2,925 shares sold at $87.50 each (total ~$255,938).
• Method/type: Open-market sale (Form 4 code S).
• Beneficial ownership after transaction: 15,701 shares reported (consisting of 10,409 restricted stock units and 5,292 common shares); RSUs convert to shares upon vesting.
• Footnotes: Sale occurred automatically under a Rule 10b5-1 trading plan adopted by Perotti on June 2, 2025.
• Filing: Form 4 filed May 18, 2026 (reporting period 2026-05-15); filing appears timely.

Context Sales executed under a pre-established 10b5-1 plan are typically scheduled and automated, and therefore often reflect planned portfolio management rather than a new view on the company. For retail investors, purchases are often more informative about insider confidence; routine sales like this provide limited inference about company prospects.