Key facts
- This page summarizes Dan Binowitz's Form 4 filing for loanDepot, Inc. (LDI).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 01 Jun 2023, 16:29.
Dan Binowitz - 01 Jun 2023 Form 4 Insider Report for loanDepot, Inc. (LDI)
- Reporting relationship
- Managing Director
- Issuer ticker
- LDI
- Reported as of
- 01 Jun 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 01 Jun 2023, 16:29:09 UTC
- Prior SEC filing
- 19 May 2023
- Next SEC filing
- 07 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Amanda Darby, as Attorney-in-Fact for Dan Binowitz
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Dan Binowitz filed Form 4 for loanDepot, Inc. (LDI) on 01 Jun 2023.
Change
- Previous filing in this sequence was filed on 19 May 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LDI
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +210,018
- Change %
- +41%
- Price
- $0.000000
- Shares after
- 718,857
- Date
- 01 Jun 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LDI
transaction
Derivative
Common Units
Conversion of derivative security
- Transaction value
- $0
- Shares
- -210,018
- Change %
- -0.29%
- Price
- $0.000000
- Shares after
- 72,014,346
- Date
- 01 Jun 2023
- Ownership
- Trilogy Management Investors Six, LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 210,018
- Exercise price
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 3 footnotes
Footnote F1
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.
Footnote F2
The Reporting Person elected to cause Trilogy Six 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 Six 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 Six on Anthony Hsieh's Form 4 filed on June 3, 2021.
Footnote 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 ("LDHoldings") directly held by Trilogy Management Investors Six, LLC ("Trilogy Six") as reported on Anthony Hsieh's Form 4 filed on February 16, 2021. All of the securities of the Issuer held by Trilogy Six aredirectly reported by Trilogy Six 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 Six except to the extent of his pecuniary interest therein.