Frank Martell - Jul 19, 2023 Form 4/A - Amendment Insider Report for loanDepot, Inc. (LDI)

Signature
/s/ Amanda Darby, as Attorney-in-Fact for Frank Martell
Stock symbol
LDI
Transactions as of
Jul 19, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
8/4/2023, 06:21 PM
Date Of Original Report
Jul 21, 2023
Previous filing
Jul 7, 2023
Next filing
Aug 18, 2023

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 +969K $0.00 969K Jul 19, 2023 Class A Common Stock 969K Direct F1, F2
transaction LDI Performance Share Units Award $0 +969K $0.00 969K Jul 19, 2023 Class A Common Stock 969K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock.
F2 The RSUs are scheduled to vest as follows: 1/3rd on each of the first three anniversaries of the date of grant. 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.
F3 Each performance share unit ("PSU") represents a contingent right to receive on share of Class A Common Stock.
F4 The PSUs are scheduled to vest if the average closing price of the Class A Common Stock over any 30-consecutive trading day period prior to the 5th anniversary of the grant date equals or exceeds the following share prices: (i) <$3.00 share price - 0% of target PSUs that vest; (ii) $3.00 share price - 25% of target PSUs that vest; (iii) $4.00 share price - 50% of target PSUs that vest; (iv) $5.00 share price - 75% of target PSUs that vest; (v) $6.00 share price - 100% of target PSUs that vest; (vi) $7.50 share price - 125% of target PSUs that vest; (vii) $9.00 share price - 150% of target PSUs that vest; (viii) $10.50 share price - 175% of target PSUs that vest; and (ix) $13.00 share price - 200% of target PSUs that vest. Any PSUs which have not become earned by July 19, 2028 will be forfeited.

Remarks:

Revised solely to update footnote 4 included in the Reporting Person's original Form 4 filed on July 21, 2023. The original footnote inadvertently provided the incorrect vesting percentage (25% instead of 125%) in clause (vi). This Form 4/A reflects the correct vesting percentage in clause (vi). The remainder of the original Form 4 remains unchanged.