Frank Martell - 27 Apr 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Gregory Smallwood, as Attorney-in-Fact for Frank Martell
Issuer symbol
LDI
Transactions as of
27 Apr 2024
Net transactions value
-$299,012
Form type
4
Filing time
30 Apr 2024, 19:55:16 UTC
Previous filing
16 Apr 2024
Next filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class A Common Stock Options Exercise +250,000 +186% 384,572 27 Apr 2024 Direct F1
transaction LDI Class A Common Stock Tax liability $299,012 -126,700 -33% $2.36 257,872 27 Apr 2024 Direct F2
holding LDI Class A Common Stock 508,609 27 Apr 2024 The Frank D. and Donna M. Martell Family Trust F3

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 -250,000 -33% $0.000000 500,000 27 Apr 2024 Class A Common Stock 250,000 Direct F1, 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 transaction reported reflects the withholding of RSUs in satisfaction of the Reporting Person's tax liability.
F3 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
F4 The RSUs are scheduled to vest as follows, 250,000 on each of 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.