Fiona Tam - Jan 21, 2025 Form 4 Insider Report for Velocity Financial, Inc. (VEL)

Signature
/s/ Roland T. Kelly, by power of attorney
Stock symbol
VEL
Transactions as of
Jan 21, 2025
Transactions value $
$119,996
Form type
4
Date filed
1/21/2025, 05:14 PM
Previous filing
Jan 15, 2025
Next filing
Jan 24, 2025

Transactions Table

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

Explanation of Responses:

Id Content
F1 Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.
F2 Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2025, 2026 and 2027 with potential vesting of 0 to 200% of the granted PSUs following fiscal year end 2027.