Frank Martell - Apr 27, 2023 Form 4/A - Amendment Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Amanda Darby, as Attorney-in-Fact for Frank Martell
Stock symbol
LDI
Transactions as of
Apr 27, 2023
Transactions value $
-$203,153
Form type
4/A - Amendment
Date filed
8/4/2023, 06:20 PM
Date Of Original Report
May 11, 2023
Previous filing
Mar 6, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class A Common Stock Options Exercise +250K 250K Apr 27, 2023 Direct F1, F2
transaction LDI Class A Common Stock Tax liability -$203K -115K -46.17% $1.76 135K Apr 27, 2023 Direct F1, F3
holding LDI Class A Common Stock 283K Apr 27, 2023 The Frank D. and Donna M. Martell Family Trust, Est. 8/17/20 F4

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 Options Exercise $0 -250K -25% $0.00 750K Apr 27, 2023 Class A Common Stock 250K Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is being reported late by the Reporting Person due to an inadvertent administrative error.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock.
F3 The transaction reported reflects the withholding of RSUs in satisfaction of the Reporting Person's tax liability.
F4 As trustee, Mr. Martell has voting and investment power over the assets of the Frank D. and Donna M. Martell Family Trust, Est. 8/17/20.
F5 The RSUs are scheduled to vest as follows, 250,000 on each of 4/27/24, 4/27/25 and 4/27/26. Within 30 days following each vesting date (provided such date does not fall during a Blackout Period),Issuer will deliver the number of shares of Class A Common Stock that correspond to the number of RSUs that vested.

Remarks:

The original Form 4, filed on May 11, 2023, is being amended solely to include a power of attorney as Exhibit 24, pursuant to which the original Form 4 was executed. The rest of the original Form 4 remains unchanged.