Pcp Managers Gp, Llc - Feb 29, 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
Director, 10%+ Owner
Signature
/s/ Denise Apicella, as Attorney-in-Fact for Brian Golson
Stock symbol
LDI
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/1/2024, 05:48 PM
Previous filing
Dec 5, 2023
Next filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class A Common Stock Options Exercise $0 +29.3K +0.72% $0.00 4.12M Feb 29, 2024 See Footnotes F1, F2

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 -29.3K -50% $0.00 29.3K Feb 29, 2024 Class A Common Stock 29.3K See Footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.
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 Pursuant to the Assignment and Acknowledgement 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. As per the Restricted Stock Unit Award Agreement dated November 6, 2023, and subject to the applicable Director's continued service, the remaining RSUs will vest on May 31, 2024. Vested RSUs will be settled within 30 days following the vesting date. Each RSU represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock.
F4 In accordance with the terms of the RSU agreement, RSUs that vested on February 28, 2024, were settled on February 29, 2024.