Pcp Managers Gp, Llc - Jun 21, 2022 Form 4 Insider Report for loanDepot, Inc. (LDI)

Signature
/s/ Peter Macdonald, as Attorney-in-Fact for Andrew Dodson
Stock symbol
LDI
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/23/2022, 04:42 PM
Previous filing
Feb 7, 2022
Next filing
Sep 2, 2022

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 LDI Restricted Stock Units Award $0 +216K $0.00 216K Jun 21, 2022 Class A Common Stock 216K See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Assignment and Acknowledgment Agreements, dated as of May 6, 2021, Messrs. Golson and Dodson (the "Directors") hold the Restricted Stock Units ("RSUs") for the benefit of PCP Managers, L.P. and disclaim all right, title and interest in the RSUs. Subject to the applicable Director's continued service, the RSUs will vest in four installments: 86,208 on June 30, 2022, 43,102 on August 31, 2022, 43,104 on November 30, 2022 and 43,104 on February 28, 2023. Within thirty (30) days following vesting of the RSUs, the Issuer shall deliver an equivalent number of shares of Class A Common Stock or, at the discretion of the Compensation Committee, the cash equivalent.
F2 PCP Managers GP, LLC is the general partner of PCP Managers, L.P, an affiliate of Parthenon Capital Partners ("Parthenon Capital"). The Directors serve as directors of loanDepot, Inc. (the "Issuer"). Mr. Golson is the Co-CEO and Managing Partner at Parthenon Capital and Mr. Dodson is a Managing Partner at Parthenon Capital. PCP Managers GP, LLC and certain of the Reporting Persons' affiliates may be deemed to be a director by deputization of the Issuer.
F3 Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.