[Form 4] PennyMac Mortgage Investment Trust Insider Trading Activity

Rhea-AI Filing Summary

PennyMac Mortgage Investment Trust director Catherine A. Lynch reported an open-market purchase of common shares on 09/22/2025. The filing shows an acquisition of 2,823 common shares at a price of $12.02 per share. After the transaction, Ms. Lynch beneficially owns 54,710.9183 common shares directly. That total comprises 7,795 restricted stock units that will convert to the same number of shares upon vesting and 46,915.9183 presently held common shares. The report was submitted through an attorney-in-fact and reflects a routine insider purchase by a non-employee director.

Positive

• Director increased personal ownership through a purchase, signaling alignment with shareholders
• Equity compensation present via 7,795 restricted stock units that will convert to common shares on vesting

Negative

• None.

Insights

Securities Analyst

TL;DR: Director purchase modestly increases insider ownership; transaction size is small relative to institutional stakes.

The 2,823-share purchase at $12.02 is a straightforward non-derivative acquisition that raises the director's direct stake to 54,710.9183 shares. The holding includes 7,795 restricted stock units that will convert to common shares upon vesting, indicating ongoing director equity compensation. The transaction code indicates a purchase and there are no derivative or disposition entries. For investors, this is a routine insider buy that signals alignment but is not large enough alone to materially change governance or control dynamics.

Corporate Governance Expert

TL;DR: Governance view: purchase aligns director interests with shareholders but appears routine and non-transformative.

Ms. Lynch is identified as a director and the ownership is recorded as direct. The presence of restricted stock units demonstrates use of equity-based compensation for directors. The filing contains no indications of unusual timing, related-party transactions, or derivative activity. From a governance perspective, this disclosure is compliant and typical for director compensation and periodic purchases.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lynch Catherine A.

(Last) (First) (Middle)

C/O PENNYMAC MORTGATE INVESTMENT TRUST

3043 TOWNSGATE ROAD

(Street)

WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PennyMac Mortgage Investment Trust [ PMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

4. If Amendment, Date of 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

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 Shares of Beneficial Interest	09/22/2025		P		2,823	A	$12.02	54,710.9183(1)	D

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. The reported amount consists of 7,795 restricted stock units and 46,915.9183 shares of Common Shares. The restricted stock units are to be settled in an equal number of shares of Common Shares upon vesting.

	/s/ Derek W. Stark, attorney-in-fact for Ms. Lynch	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

FAQ

What transaction did Catherine A. Lynch report for PMT?

She reported a purchase of 2,823 common shares at $12.02 per share.

How many shares does Catherine A. Lynch beneficially own after the transaction?

She beneficially owns 54,710.9183 common shares following the reported transaction.

What comprises the total beneficial ownership reported?

The total includes 7,795 restricted stock units (to be settled into shares upon vesting) and 46,915.9183 common shares.

What is the reporting relationship of Catherine A. Lynch to PennyMac Mortgage Investment Trust?

She is reported as a Director of the issuer.

Was the Form 4 filed individually or by more than one reporting person?

The form indicates it was filed by one reporting person.