PFSI · PennyMac Financial Services, Inc.

The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

The reported amount consists of 1,963 restricted stock units and 3,185 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Pursuant to a divorce settlement, these shares of Common Stock were transferred for no consideration to the reporting person's former spouse and the reporting person no longer reports that he is the beneficial owner of these shares.

The reported amount consists of 37,841 restricted stock units and 441,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

The reported amount consists of 1,963 restricted stock units and 186,253 of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The sale reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2026.

The reported amount consists of 904 restricted stock units and 48,064 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The sale reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2026.

The reported amount consists of 904 restricted stock units and 48,064 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 2, 2025.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $86.40 to $87.375. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $87.41 to $88.40. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $88.47 to $88.93. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

Pursuant to a divorce settlement, these shares of Common Stock were transferred for no consideration to the reporting person's former spouse and the reporting person no longer reports that he is the beneficial owner of these shares.

The reported amount consists of 37,841 restricted stock units and 466,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

The reported amount consists of 1,963 restricted stock units and 2,808 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

The reported amount consists of 1,963 restricted stock units and 185,874 of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $92.29 to $93.28. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $93.36 to $93.735. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $84.735 to $85.70. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $85.78 to $86.775. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $84.735 to $85.70. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $86.78 to $87.21. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $85.78 to $86.775. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

The price reported is the weighted average price of multiple transactions ranging from $86.78 to $87.21. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.

The reported amount consists of 37,841 restricted stock units and 491,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 23, 2025.

The reported amount consists of 5,944 restricted stock units and 15,000 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 904 restricted stock units and 48,064 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 18,574 restricted stock units and 10,514 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 37,841 restricted stock units and 503,996 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 5,330 restricted stock units and 3,326 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted share units.

The reported amount consists of 7,296 restricted stock units and 4,438 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 10,409 restricted stock units and 5,292 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares sold upon vesting of restricted share units.

The reported amount consists of 3,492 of restricted stock units and 1,841 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 23, 2025.

The reported amount consists of 6,861 restricted stock units and 15,616 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 6,139 restricted stock units and 2,817 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted share units.

The reported amount consists of 8,473 restricted stock units and 3,860 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 43,998 restricted stock units and 500,936 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 1,002 restricted stock units and 47,998 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 22,180 restricted stock units and 8,612 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Represents shares withheld for taxes upon vesting of restricted stock units.

The reported amount consists of 12,077 restricted stock units and 4,473 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%.

Represents shares withheld for taxes upon vesting of performance-based restricted stock units.

The reported amount consists of 1,139 restricted stock units and 47,906 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%.

This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%.

This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%.

This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%.

Represents shares withheld for taxes upon vesting of performance-based restricted stock units.

The reported amount consists of 50,172 restricted stock units and 497,868 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%.