MFN Partners, LP - May 10, 2021 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Director
Signature
MFN PARTNERS, LP, By: /s/ Jonathan Reisman, Authorized Signatory
Stock symbol
PFSI
Transactions as of
May 10, 2021
Transactions value $
$17,302,503
Form type
4
Date filed
5/12/2021, 02:58 PM
Next filing
May 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Purchase $8.68M +150K +9.94% $57.88 1.66M May 10, 2021 Direct F1, F2
transaction PFSI Common Stock Purchase $8.62M +149K +8.96% $57.99 1.81M May 11, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. 25,000 of the shares were purchased at $57.50 and 125,000 of the shares were purchased at $57.95.
F2 MFN Partners, LP (the "Partnership") is the holder of the securities reported herein. MFN Partners GP, LLC ("MFN GP") is the general partner of the Partnership. MFN Partners Management, LP ("MFN Management") is the investment adviser to the Partnership. MFN Partners Management, LLC ("MFN LLC") is the general partner of MFN Management. Farhad Nanji and Michael F. DeMichele are each managing members of MFN GP and MFN LLC but disclaim beneficial ownership of the securities held by the Partnership, except to the extent of their pecuniary interest, if any, therein.
F3 The price reported in Column 4 is a weighted average price. 100,000 of the shares were purchased at $58.00 and 48,655 of the shares were purchased at $57.98.

Remarks:

Remarks: Farhad Nanji, a managing member of each of MFN GP and MFN LLC, has been deputized to represent the Reporting Persons on the board of directors of the Issuer. By virtue of Mr. Nanji's representation, for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act"), each of the Reporting Persons may be deemed directors by deputization of the Issuer. Mr. Nanji files separate Section 16 reports disclosing the securities of the Issuer that he may be deemed to beneficially own for purposes of Section 16. This filing shall not be deemed an admission that any Reporting Person beneficially owns the securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, or is subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest, if any, therein.