Farrar Christopher D. 4

What Happened
Christopher D. Farrar, CEO of Velocity Financial (VEL), had 25,681 shares withheld and retained by the company on 2026-01-21 to satisfy tax liabilities arising from the vesting of previously granted restricted stock. The transaction is recorded as a disposition at $19.53 per share, totaling approximately $501,550. This was a tax-withholding transaction (routine) rather than an open-market sale.

Key Details

• Transaction date and price: 2026-01-21 at $19.53 per share.
• Shares involved: 25,681 shares withheld; total value ≈ $501,550.
• Filing date: Form 4 filed 2026-01-22 for the 2026-01-21 event — appears timely.
• Footnote: Shares were withheld and retained by Velocity to pay tax liabilities from the vesting of previously granted restricted stock (footnote F1).
• Shares owned after transaction: Not specified in the provided filing.

Context
Withholding shares to cover taxes on vesting is a common, administrative disposition (transaction code F) and does not necessarily indicate a change in the insider’s view of the company. This is different from an open-market sale, which can be interpreted as a liquidity event; here the company retained the shares solely to satisfy tax obligations.