Frank Martell - 01 May 2024 Form 4/A Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Amanda Darby, as Attorney-in-Fact for Frank Martell
Issuer symbol
LDI
Transactions as of
01 May 2024
Net transactions value
-$271,138
Form type
4/A
Filing time
03 May 2024, 17:28:50 UTC
Date Of Original Report
27 Apr 2024
Previous filing
30 Apr 2024
Next filing
30 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 01 May 2024 Direct F1, F2
transaction LDI Class A Common Stock Tax liability $271,138 -126,700 -33% $2.14 257,872 01 May 2024 Direct F3
holding LDI Class A Common Stock 508,609 01 May 2024 The Frank D. and Donna M. Martell Family Trust 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 -250,000 -33% $0.000000 500,000 01 May 2024 Class A Common Stock 250,000 Direct 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 amended by the Reporting Person due to an administrative error regarding the settlement date.
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 4/27/25 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 April 30, 2024, is being amended to update the Transaction Date to May 1, 2024, and correct the price of Securities Disposed to $2.14.