X0306 4 2020-05-01 0001745916 PennyMac Financial Services, Inc. PFSI 0001440697 Grogin Jeffrey C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Enterprise Ops Officer Common Stock 2020-05-01 4 M 0 2317 17.26 A 31078 D Common Stock 2020-05-01 4 M 0 2300 21.03 A 33378 D Common Stock 2020-05-01 4 S 0 4617 29.2441 D 28761 D Common Stock 2020-05-05 4 M 0 156 17.26 A 28917 D Common Stock 2020-05-05 4 M 0 4453 21.03 A 33370 D Common Stock 2020-05-05 4 S 0 4609 29.3546 D 28761 D Common Stock 33193 I JBG Children's Trust utd 12/31/2000 Common Stock 22129 I MJG Children's Trust utd 12/31/2000 Common Stock 453655 I The Grogin Living Trust dtd 12-19-01 Common Stock 9025 I Grogin Giving Fund Nonstatutory Stock Option (Right to Buy) 17.26 2020-05-01 4 M 0 2317 0 D 2015-02-26 2024-02-25 Common Stock 2317 25899 D Nonstatutory Stock Option (Right to Buy) 21.03 2020-05-01 4 M 0 2300 0 D 2014-06-13 2023-06-12 Common Stock 2300 4453 D Nonstatutory Stock Option (Right to Buy) 17.26 2020-05-05 4 M 0 156 0 D 2015-02-26 2024-02-25 Common Stock 156 25743 D Nonstatutory Stock Option (Right to Buy) 21.03 2020-05-05 4 M 0 4453 0 D 2014-06-13 2023-06-12 Common Stock 4453 0 D Nonstatutory Stock Option (Right to Buy) 24.40 2019-03-09 2028-03-08 Common Stock 17204 17204 D Nonstatutory Stock Option (Right to Buy) 22.92 2020-03-15 2029-03-14 Common Stock 18057 18057 D Nonstatutory Stock Option (Right to Buy) 17.52 2016-03-03 2025-03-02 Common Stock 23829 23829 D Nonstatutory Stock Option (Right to Buy) 18.05 2018-03-06 2027-03-05 Common Stock 22506 22506 D Nonstatutory Stock Option (Right to Buy) 35.03 2021-02-26 2030-02-25 Common Stock 17824 17824 D The transaction reported was effected pursuant to a 10b5-1 plan. The reported amount consists of 12,286 restricted stock units and 18,792 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. The reported amount consists of 12,286 restricted stock units and 21,092 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. These shares of Common Stock were sold pursuant to a 10b5-1 plan. The price reported is the weighted average price of multiple transactions ranging from $29.00 to $29.56. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of shares of Common Stock and the prices at which the transactions were effected. The reported amount consists of 12,286 restricted stock units and 16,475 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. The reported amount consists of 12,286 restricted stock units and 16,631 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. The reported amount consists of 12,286 restricted stock units and 21,084 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. The price reported is the weighted average price of multiple transactions ranging from $29.01 to $29.71. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of shares of Common Stock and the prices at which the transactions were effected. This nonstatutory stock option to purchase 28,216 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date. This nonstatutory stock option to purchase 15,882 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date. 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 March 9, 2019, 2020 and 2021, subject to the Reporting Person's continued service through each date. This nonstatutory stock option to purchase 18,057 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. This nonstatutory stock option to purchase 23,829 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's committed service through each date. This nonstatutory stock option to purchase 22,506 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. This nonstatutory stock option to purchase 17,824 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. /s/ Derek W. Stark, attorney-in-fact for Mr. Grogin 2020-05-05