Jeff Alexander Walsh - Jul 1, 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Signature
/s/ Gregory Smallwood, as Attorney-in-Fact for Jeff Walsh
Stock symbol
LDI
Transactions as of
Jul 1, 2024
Transactions value $
-$203,987
Form type
4
Date filed
7/3/2024, 04:40 PM
Previous filing
Apr 16, 2024
Next filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class A Common Stock, par value $0.001 per share Options Exercise +250K +6.39% 4.17M Jul 1, 2024 Direct F1
transaction LDI Class A Common Stock, par value $0.001 per share Tax liability -$204K -127K -3.04% $1.61 4.04M Jul 1, 2024 Direct
transaction LDI Class A Common Stock, par value $0.001 per share Conversion of derivative security $0 +124K +3.08% $0.00 4.16M Jul 1, 2024 Direct F2, F3, 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 -100% $0.00* 0 Jul 1, 2024 Class A Common Stock 250K Direct F1, F5
transaction LDI Common Units Conversion of derivative security $0 -124K -1.68% $0.00 7.29M Jul 1, 2024 Class A Common Stock 124K Trilogy Management Investors Seven, LLC F2, F3
* 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 or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock
F2 The Reporting Person has, and at all times since the Issuer's initial public offering ("IPO") has held, an indirect pecuniary interest in a portion of the securities of the Issuer and LD Holdings Group LLC ("LD Holdings") directly held by Trilogy Management Investors Seven, LLC ("Trilogy Seven") as previously reported. All of the securities of the Issuer held by Trilogy Seven are directly reported by Trilogy Seven. The Reporting Person disclaims beneficial ownership of the securities held by Trilogy Seven except to the extent of his pecuniary interest therein.
F3 In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001, were issued to certain holders of LD Holdings class a common units ("Common Units") equal to the number of Common Units held by such holders. Pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of LD Holdings, holders of Common Units may, subject to certain exceptions, from time to time require LD Holdings to redeem all or a portion of their Common Units (together with an equal number of shares of Class C Common Stock) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of Class A Common Stock, par value $0.001 ("Class A Common Stock") of the Issuer on a one-for-one basis or a cash payment equal to an average market price of one share of Class A Common Stock for each Common Unit so redeemed.
F4 The Reporting Person elected to cause Trilogy Seven to exchange a portion of the Common Units beneficially owned by the Reporting Person for an equal number of shares of Class A Common Stock, and to cause Trilogy Seven to transfer such shares of Class A Common Stock to the Reporting Person directly. The shares of Class C Common Stock corresponding to the Common Units that were exchanged were cancelled for no consideration.
F5 These RSUs vested on June 30, 2024.