Follette James, Chief Digital Officer at an undisclosed company, has demonstrated a consistent pattern of selling activity across two securities—PennyMac Financial Services (PFSI) and PennyMac Mortgage Investment Trust (PMT)—with no recorded purchases in the available data. According to SEC Form 4 filings, James has executed 35 transactions totaling $1,435,778.06 in sales, all within these two affiliated mortgage finance firms. The most recent sales include a $55,066.07 disposition of PFSI shares on February 28, 2026, following a $50,042.82 sale on February 24, 2026, and a larger $115,837.24 transaction on February 20, 2026. PMT sales were comparatively smaller, with amounts ranging from $4,461.27 to $15,279.60, the latter occurring on March 12, 2024.
Notably, James’s largest single transaction was a $428,440.98 sale of PFSI shares on March 4, 2024, underscoring a multiyear trend of reducing exposure to these holdings. The absence of any buy transactions suggests a one-sided disposition strategy, though the filings do not indicate whether these sales were part of prearranged trading plans. The activity is concentrated exclusively in PFSI and PMT, with no diversification into other securities. While the transactions span several years, the frequency and consistency of sales—particularly in early 2026—point to an ongoing effort to liquidate positions rather than an isolated rebalancing event.
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