Velocity Financial (VEL) legal chief sells 14,840 shares, retains 98,994

Rhea-AI Filing Summary

Velocity Financial, Inc. Chief Legal Officer and General Counsel Kelly Roland Thomas reported open-market sales of company common stock. On March 30, 2026, Thomas sold 14,026 shares at a weighted average price of $18.0339 per share. On March 31, 2026, Thomas sold an additional 814 shares at a weighted average price of $18.2157 per share. After these transactions, Thomas directly holds 98,994 shares of Velocity Financial common stock. The prices on each day reflect multiple trades within disclosed intra-day price ranges.

Insider Trade Summary 10b5-1

Net Seller: 14,840 shares ($267,771)

Net Sell 2 txns

Insider Kelly Roland Thomas

Role Chief Legal Officer and GC

Sold 14,840 shs ($268K)

Type	Security	Shares	Price	Value
Sale	Common Stock	814	$18.2157	$15K
Sale	Common Stock	14,026	$18.0339	$253K

Holdings After Transaction: Common Stock — 98,994 shares (Direct)

Footnotes (1)

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.13. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.19 to $18.305. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

Key Figures

Shares sold 2026-03-30: 14,026 shares Price 2026-03-30: $18.0339 per share Shares sold 2026-03-31: 814 shares +5 more

8 metrics

Shares sold 2026-03-30 14,026 shares Open-market sale of common stock on March 30, 2026

Price 2026-03-30 $18.0339 per share Weighted average sale price on March 30, 2026

Shares sold 2026-03-31 814 shares Open-market sale of common stock on March 31, 2026

Price 2026-03-31 $18.2157 per share Weighted average sale price on March 31, 2026

Total shares sold 14,840 shares Net shares sold across both transactions in March 2026

Shares owned after trades 98,994 shares Direct common stock holdings following March 31, 2026 sale

Intraday range 2026-03-30 $18.00–$18.13 Price range for multiple sale transactions on March 30, 2026

Intraday range 2026-03-31 $18.19–$18.305 Price range for multiple sale transactions on March 31, 2026

Key Terms

weighted average price, open-market sale, Form 4, Common Stock, +1 more

5 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"within the ranges set forth in footnote (1) to this Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

beneficial ownership regulatory

"the full information regarding the number of shares sold at each separate price"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kelly Roland Thomas

(Last) (First) (Middle)

C/O VELOCITY FINANCIAL, INC.

2945 TOWNSGATE ROAD, SUITE 110

(Street)

WESTLAKE VILLAGE CALIFORNIA 91361

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Velocity Financial, Inc. [ VEL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer and GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/30/2026		S		14,026	D	$18.0339(1)	99,808	D
Common Stock	03/31/2026		S		814	D	$18.2157(2)	98,994	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 price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.13. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.19 to $18.305. The reporting person undertakes to provide the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

Remarks:

	/s/ Roland T. Kelly	03/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Velocity Financial (VEL) report for Kelly Roland Thomas?

Velocity Financial reported that Chief Legal Officer and General Counsel Kelly Roland Thomas sold common stock in two open-market transactions, totaling 14,840 shares, and now directly holds 98,994 shares. These trades were executed at weighted average prices slightly above $18 per share.

How many Velocity Financial (VEL) shares did Kelly Roland Thomas sell and at what prices?

Kelly Roland Thomas sold 14,026 shares of Velocity Financial on March 30, 2026 at a weighted average price of $18.0339, and 814 shares on March 31, 2026 at a weighted average price of $18.2157. Both days’ prices reflect multiple trades within stated intraday ranges.

How many Velocity Financial (VEL) shares does Kelly Roland Thomas own after the reported sales?

After the reported open-market sales, Kelly Roland Thomas directly owns 98,994 shares of Velocity Financial common stock. This post-transaction holding figure comes from the Form 4 disclosure, which reports Thomas’s direct ownership immediately following the latest transaction date.

What do the weighted average prices mean in the Velocity Financial (VEL) Form 4 filing?

The weighted average prices represent the average sale price per share across multiple trades executed that day. For Thomas’s transactions, shares were sold in several trades within specified price ranges, and the reported dollar amounts are calculated averages across those individual executions.

Were Kelly Roland Thomas’s Velocity Financial (VEL) stock sales single trades or multiple executions?

The filing states that each day’s sales were completed through multiple transactions within specific price ranges. The Form 4 reports a single weighted average price for each day, and notes that detailed trade-by-trade pricing information is available upon request from the issuer or the reporting person.