Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * Perotti Daniel Stanley 2. Issuer Name and Ticker or Trading Symbol PennyMac Financial Services, Inc. [PFSI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD 3. Date of Earliest Transaction (Month/Day/Year) 10/22/2025 (Street) WESTLAKE VILLAGE, CA 91361 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 10/22/2025 M 4,763 A $11.28 14,727(1) D Common Stock 10/22/2025 S 3,784 D $130.3(2) 10,943 D Common Stock 10/22/2025 S 797 D $131.96(3) 10,146 D Common Stock 10/22/2025 S 41 D $132.91(4) 10,105 D Common Stock 10/22/2025 S 141 D $133.99(5) 9,964 D Common Stock 10/22/2025 M 8,347 A $18.05 18,311(6) D Common Stock 10/22/2025 S 6,469 D $130.19(7) 11,842 D Common Stock 10/22/2025 S 379 D $131.54(8) 11,463 D Common Stock 10/22/2025 S 1,195 D $132.38(9) 10,268 D Common Stock 10/22/2025 S 304 D $133.99(10) 9,964(11) D Common Stock 225,250 I The Perotti Family Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Nonstatutory Stock Option (Right to Buy)

$11.28

10/22/2025

M

4,763

03/07/2017

03/06/2026

Common Stock

4,763(12)

$ 0

11,852

D

Nonstatutory Stock Option (Right to Buy)

$18.05

10/22/2025

M

8,347

03/06/2018

03/05/2027

Common Stock

8,347(13)

$ 0

14,159

D

Nonstatutory Stock Option (Right to Buy)

$24.4

03/09/2019

03/08/2028

Common Stock

17,204(14)

17,204

D

Nonstatutory Stock Option (Right to Buy)

$22.92

03/15/2020

03/14/2029

Common Stock

18,098(15)

18,098

D

Nonstatutory Stock Option (Right to Buy)

$59.68

12/14/2020

12/13/2030

Common Stock

13,506(16)

13,506

D

Nonstatutory Stock Option (Right to Buy)

$35.03

02/26/2021

02/25/2030

Common Stock

23,105(17)

23,105

D

Nonstatutory Stock Option (Right to Buy)

$58.85

02/25/2022

02/24/2031

Common Stock

12,935(18)

12,935

D

Nonstatutory Stock Option (Right to Buy)

$57.1

02/23/2023

02/22/2032

Common Stock

35,792(19)

35,792

D

Nonstatutory Stock Option (Right to Buy)

$60.74

02/24/2024

02/23/2033

Common Stock

12,862(20)

12,862

D

Nonstatutory Stock Option (Right to Buy)

$84.93

03/01/2025

02/28/2034

Common Stock

12,510(21)

12,510

D

Nonstatutory Stock Option (Right to Buy)

$101.76

02/14/2026

02/13/2035

Common Stock

12,529(22)

12,529

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Perotti Daniel Stanley C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361			Chief Financial Officer

Signatures

/s/ Derek W. Stark, attorney-in-fact for Mr. Perotti		10/24/2025
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reported amount consists of 9,964 restricted stock units and 4,763 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(2)	The price reported is the weighted average price of multiple transactions at prices ranging from $130.00 to $130.38. 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 shares of beneficial interest and the prices at which the transactions were effected.
(3)	The price reported is the weighted average price of multiple transactions at prices ranging from $131.417 to $132.393. 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 shares of beneficial interest and the prices at which the transactions were effected.
(4)	The price reported is the weighted average price of multiple transactions at prices ranging from $132.47 to $133.363. 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 shares of beneficial interest and the prices at which the transactions were effected.
(5)	The price reported is the weighted average price of multiple transactions at prices ranging from $133.996 to $134.00. 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 shares of beneficial interest and the prices at which the transactions were effected.
(6)	The reported amount consists of 9,964 restricted stock units and 8,347 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(7)	The price reported is the weighted average price of multiple transactions at prices ranging from $130.00 to $130.95. 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 shares of beneficial interest and the prices at which the transactions were effected.
(8)	The price reported is the weighted average price of multiple transactions at prices ranging from $131.04 to $131.882 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 shares of beneficial interest and the prices at which the transactions were effected.
(9)	The price reported is the weighted average price of multiple transactions at prices ranging from $132.13 to $132.652 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 shares of beneficial interest and the prices at which the transactions were effected.
(10)	The price reported is the weighted average price of multiple transactions at prices ranging from $133.992 to $134.00 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 shares of beneficial interest and the prices at which the transactions were effected.
(11)	The reported amount consists of 9,964 restricted stock units. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(12)	This nonstatutory stock option to purchase 4,763 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.
(13)	This nonstatutory stock option to purchase 8,347 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.
(14)	This nonstatutory stock option to purchase 17,204 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.
(15)	This nonstatutory stock option to purchase 18,098 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.
(16)	This nonstatutory stock option to purchase 13,506 shares of Common Stock of the Issuer is fully vested but subject to certain transfer restrictions that will lapse in one-third increments on each of December 14, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.
(17)	This nonstatutory stock option to purchase 23,105 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each date.
(18)	This nonstatutory stock option to purchase 12,935 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 25, 2022, 2023 and 2024, subject to the Reporting Person's continued service through each date.
(19)	This nonstatutory stock option to purchase 35,792 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 23, 2023, 2024 and 2025, subject to the Reporting Person's continued service through each date.
(20)	This nonstatutory stock option to purchase 12,862 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026, subject to the Reporting Person's continued service through each date.
(21)	This nonstatutory stock option to purchase 12,510 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026 and 2027, subject to the Reporting Person's continued service through each date.
(22)	This nonstatutory stock option to purchase 12,529 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 14, 2026, 2027 and 2028, subject to the Reporting Person's committed service through each date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.