Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Grogin Jeffrey	2. Issuer Name and Ticker or Trading Symbol PennyMac Financial Services, Inc. [ PFSI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Enterprise Ops Officer
(Last) (First) (Middle) C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD	3. Date of Earliest Transaction (MM/DD/YYYY) 12/1/2020
(Street) WESTLAKE VILLAGE, CA 91361 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/1/2020		M		9225 ⁽¹⁾	A	$18.05	37986 ⁽²⁾	D
Common Stock	12/1/2020		S		6000 ⁽³⁾	D	$58.3514 ⁽⁴⁾	31986 ⁽⁵⁾	D
Common Stock	12/1/2020		S		3225 ⁽³⁾	D	$59.1115 ⁽⁶⁾	28761 ⁽⁷⁾	D
Common Stock								21000	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

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Nonstatutory Stock Option (Right to Buy)	$18.05	12/1/2020		M			9225 ⁽¹⁾	3/6/2018	3/5/2027	Common Stock	9225 ⁽⁸⁾	$0	7502	D
Nonstatutory Stock Option (Right to Buy)	$24.40							3/9/2019	3/8/2028	Common Stock	17204 ⁽⁹⁾		17204	D
Nonstatutory Stock Option (Right to Buy)	$22.92							3/15/2020	3/14/2029	Common Stock	18057 ⁽¹⁰⁾		18057	D
Nonstatutory Stock Option (Right to Buy)	$35.03							2/26/2021	2/25/2030	Common Stock	17824 ⁽¹¹⁾		17824	D

Explanation of Responses:
(1)	The transaction reported was effected pursuant to a 10b5-1 plan.
(2)	The reported amount consists of 11,926 restricted stock units and 26,060 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(3)	These shares of Common Stock were sold pursuant to a 10b5-1 plan.
(4)	The price reported is the weighted average price of multiple transactions ranging from $57.83 to $58.82. 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.
(5)	The reported amount consists of 11,926 restricted stock units and 26,060 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(6)	The price reported is the weighted average price of multiple transactions ranging from $58.88 to $59.42. 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.
(7)	The reported amount consists of 11,926 restricted stock units and 16,835 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
(8)	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.
(9)	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.
(10)	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.
(11)	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.

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