Jeff Alexander Walsh - Dec 1, 2022 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role: President, LDI Mortgage
Signature: /s/ Denise Apicella, as Attorney-in-Fact for Jeff Alexander Walsh
Stock symbol: LDI
Transactions as of: Dec 1, 2022
Transactions value $: -$151,535
Form type: 4
Date filed: 1/17/2023, 04:54 PM
Previous filing: Nov 16, 2022
Next filing: Dec 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LDI	Class A Common Stock, par value $0.001 per share	Conversion of derivative security	$0	+35.5K	+0.8%	$0.00	4.49M	Dec 1, 2022	Direct	F1, F2, F3, F4
transaction	LDI	Class A Common Stock, par value $0.001 per share	Sale	-$107K	-45.1K	-1.01%	$2.38	4.44M	Jan 12, 2023	Direct	F5, F6
transaction	LDI	Class A Common Stock, par value $0.001 per share	Sale	-$44.3K	-19.1K	-0.43%	$2.31	4.42M	Jan 13, 2023	Direct	F5, F7

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	Common Units	Conversion of derivative security	$0	-35.5K	-0.27%	$0.00	13.2M	Dec 1, 2022	Class A Common Stock	35.5K		Trilogy Management Investors Seven, LLC	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These transactions are being reported late due to an inadvertent administrative error.
F2	In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001, were issued to certain holders of LD Holdings class a common units ("Common Units") equal to the number of Common Units held by such holders. Pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of LD Holdings, holders of Common Units may, subject to certain exceptions, from time to time require LD Holdings to redeem all or a portion of their Common Units (together with an equal number of shares of Class C Common Stock) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of Class A Common Stock, par value $0.001 ("Class A Common Stock") of the Issuer on a one-for-one basis or a cash payment equal to an average market price of one share of Class A Common Stock for each Common Unit so redeemed.
F3	The Reporting Person has, and at all times since the Issuer's initial public offering ("IPO") has held, an indirect pecuniary interest in a portion of the securities of the Issuer and LD Holdings Group LLC ("LD Holdings") directly held by Trilogy Management Investors Seven, LLC ("Trilogy Seven") as reported on Anthony Hsieh's Form 4 filed on February 16, 2021. All of the securities of the Issuer held by Trilogy Seven are directly reported by Trilogy Seven and were not previously reported by the persons holding an indirect interest in the securities. The Reporting Person disclaims beneficial ownership of the securities held by Trilogy Seven except to the extent of his pecuniary interest therein.
F4	The Reporting Person elected to cause Trilogy Seven to exchange a portion of the Common Units beneficially owned by the Reporting Person for an equal number of shares of Class A Common Stock, and to cause Trilogy Seven to transfer such shares of Class A Common Stock to the Reporting Person directly. The shares of Class C Common Stock corresponding to the Common Units that were exchanged were cancelled for no consideration. The cancellation of the shares of Class C Common Stock is reported by Trilogy Seven on Anthony Hsieh's Form 4 filed simultaneously herewith.
F5	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 2022.
F6	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.27 to $2.475. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 at which the respective transactions were effected.
F7	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.24 to $2.45. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 atwhich the respective transactions were effected.