Jr. Phillip R. Shoemaker - 06 May 2021 Form 4 Insider Report for Home Point Capital Inc.

Role
President of Originations
Signature
/s/ Jean Weng, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
06 May 2021
Net transactions value
-$551,128
Form type
4
Filing time
10 May 2021, 17:07:49 UTC
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMPT Common Stock Options Exercise $401,219 +215,709 +172% $1.86 341,220 06 May 2021 Direct
transaction HMPT Common Stock Tax liability $952,347 -123,361 -36% $7.72 217,859 06 May 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HMPT Stock Options (Right to Buy) Options Exercise -215,709 -40% 323,563 06 May 2021 Common Stock 215,709 $1.86 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to pay the exercise price of the options and the payment of taxes.
F2 These stock options vest over five years, with 40 percent of the grant vesting based on continued service through December 5, 2020 and 20 percent of the grant vesting on each of the subsequent anniversaries of such date.
F3 These options represent "substitute" options which were granted in exchange for options previously granted to the Reporting Person by Home Point Capital LP that were exercisable for interests in Home Point Capital LP, in connection with the merger of Home Point Capital LP with and into Home Point Capital Inc. These options have the same intrinsic value as the options they replaced. The options were previously reported on the Issuer's Form 3 and Form 4 filed on January 29, 2021 and February 4, 2021, respectively.
F4 The number of options has been decreased by one from the Reporting Person's Form 4 filed on February 4, 2021 due to rounding in connection with the exchange for the "substitute options."

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney.