Initial Statement of Beneficial Ownership (Form 3)

FORM 3

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

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(Print or Type Responses)

1. Name and Address of Reporting Person * Iyer Shiva 2. Date of Event Requiring Statement (Month/Day/Year) 03/16/2026 3. Issuer Name and Ticker or Trading Symbol PennyMac Financial Services, Inc. [PFSI] (Last) (First) (Middle) C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Enterprise Risk Officer 5. If Amendment, Date Original Filed (Month/Day/Year) (Street) WESTLAKE VILLAGE, CA 91361 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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 14,671(1) D

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

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Unit	(2)	(2)	Common Stock	976	(2)	D
Nonstatutory Stock Option (Right to Buy)	02/14/2026	02/13/2035	Common Stock	3,758(3)	$101.76	D
Nonstatutory Stock Option (Right to Buy)	03/09/2019	03/08/2028	Common Stock	2,561(4)	$24.4	D
Nonstatutory Stock Option (Right to Buy)	02/23/2023	02/22/2032	Common Stock	7,451(5)	$57.1	D
Nonstatutory Stock Option (Right to Buy)	02/25/2022	02/24/2031	Common Stock	3,695(6)	$58.85	D
Nonstatutory Stock Option (Right to Buy)	12/14/2020	12/13/2030	Common Stock	5,402(7)	$59.68	D
Nonstatutory Stock Option (Right to Buy)	02/24/2024	02/23/2033	Common Stock	2,572(8)	$60.74	D
Nonstatutory Stock Option (Right to Buy)	03/01/2025	02/28/2034	Common Stock	1,913(9)	$84.93	D
Nonstatutory Stock Option (Right to Buy)	02/12/2027	02/11/2036	Common Stock	4,858(10)	$91.49	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Iyer Shiva C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361			Chief Enterprise Risk Officer

Signatures

/s/ Derek W. Stark, attorney-in-fact for Mr. Iyer		03/25/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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 3,150 restricted stock units and 11,521 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(2)	Each share of Deferred Unit, pursuant to the Company's Executive Deferred Compensation Plan, represents a right to receive one share of Common Stock. The Deferred Units become payable upon the Reporting Person's termination of employment with the Company.
(3)	This nonstatutory stock option to purchase 3,758 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 continued service through each date.
(4)	This nonstatutory stock option to purchase 2,561 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 continued service through each date.
(5)	This nonstatutory stock option to purchase 7,451 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.
(6)	This nonstatutory stock option to purchase 3,695 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.
(7)	This nonstatutory stock option to purchase 5,402 shares of Common Stock of the Issuer is full 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.
(8)	This nonstatutory stock option to purchase 2,572 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.
(9)	This nonstatutory stock option to purchase 1,913 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.
(10)	This nonstatutory stock option to purchase 4,858 shares of Common Stock of Issuer will vest as to one-third of the optioned shares on each of February 12, 2027, 2028 and 2029, subject to the Reporting Person's continued service through each date.

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