Steven Richard Bailey - 07 Feb 2023 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role: Chief Servicing Officer
Signature: /s/ Derek W. Stark, attorney-in-fact for Mr. Bailey
Issuer symbol: PFSI
Transactions as of: 07 Feb 2023
Net transactions value: -$2,493,832
Form type: 4
Filing time: 08 Feb 2023, 19:23:03 UTC
Previous filing: 11 Apr 2022
Next filing: 27 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFSI	Common Stock	Options Exercise	$98,946	+4,317	+12%	$22.92	41,457	07 Feb 2023	Direct	F1
transaction	PFSI	Common Stock	Sale	$286,081	-4,317	-10%	$66.27	37,140	07 Feb 2023	Direct	F2, F3
transaction	PFSI	Common Stock	Sale	$1,671,687	-25,226	-68%	$66.27	11,914	07 Feb 2023	Direct	F2, F4
transaction	PFSI	Common Stock	Options Exercise	$80,678	+3,520	+30%	$22.92	15,434	08 Feb 2023	Direct	F5
transaction	PFSI	Common Stock	Sale	$233,499	-3,520	-23%	$66.33	11,914	08 Feb 2023	Direct	F6, F7, F8
transaction	PFSI	Common Stock	Options Exercise	$539,567	+15,403	+129%	$35.03	27,317	08 Feb 2023	Direct	F9
transaction	PFSI	Common Stock	Sale	$1,021,756	-15,403	-56%	$66.33	11,914	08 Feb 2023	Direct	F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PFSI	Nonstatutory Stock Option (Right to Buy)	Options Exercise	$0	-4,317	-55%	$0.000000	3,520	07 Feb 2023	Common Stock	4,317	$22.92	Direct
transaction	PFSI	Nonstatutory Stock Option (Right to Buy)	Options Exercise	$0	-3,520	-100%	$0.000000^*	0	08 Feb 2023	Common Stock	3,520	$22.92	Direct
transaction	PFSI	Nonstatutory Stock Option (Right to Buy)	Options Exercise	$0	-15,403	-67%	$0.000000	7,702	08 Feb 2023	Common Stock	15,403	$35.03	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported amount consists of 11,914 restricted stock units and 29,543 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F2	The price reported is the weighted average price of multiple transactions ranging from $65.80 to $66.62. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
F3	The reported amount consists of 11,914 restricted stock units and 25,226 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F4	The reported amount consists of 11,914 restricted stock units. These restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F5	The reported amount consists of 11,914 restricted stock units and 3,520 of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F6	The price reported is the weighted average price of multiple transactions ranging from $65.52 to $66.51. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
F7	The price reported is the weighted average price of multiple transactions ranging from $66.52 to $66.87. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
F8	The reported amount consists of 11,914 restricted stock units. These restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F9	The reported amount consists of 11,914 restricted stock units and 15,403 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F10	The reported amount consists of 11,914 restricted stock units. These restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.