Anthony Li Hsieh - Jul 23, 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Signature
/s/ Denise Apicella, as Attorney-in-Fact for Anthony Li Hsieh
Stock symbol
LDI
Transactions as of
Jul 23, 2024
Transactions value $
$0
Form type
4
Date filed
7/25/2024, 08:37 PM
Previous filing
Jun 17, 2024
Next filing
Aug 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class C Common Stock Other $0 -1.5M -18.49% $0.00 6.61M Jul 23, 2024 By JLSSAA Trust F1, F2, F3
transaction LDI Class A Common Stock Conversion of derivative security $0 +1.5M +65.8% $0.00 3.78M Jul 23, 2024 By JLSSAA Trust F2, F3
holding LDI Class A Common Stock 89.6K Jul 23, 2024 Direct
holding LDI Class C Common Stock 48.9M Jul 23, 2024 By Trilogy Mortgage Holdings, Inc. F1, F4
holding LDI Class C Common Stock 4.31M Jul 23, 2024 By JLSA, LLC F1, F4
holding LDI Class C Common Stock 66.4M Jul 23, 2024 By Trilogy Management Investors Six, LLC F1, F4, F5

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 Common Units Conversion of derivative security $0 -1.5M -18.49% $0.00 6.61M Jul 23, 2024 Class A Common Stock 1.5M By JLSSAA Trust F1, F2, F3, F6
holding LDI Common Units 66.4M Jul 23, 2024 Class A Common Stock 66.4M By Trilogy Management Investors Six, LLC F1, F4, F5
holding LDI Common Units 48.9M Jul 23, 2024 Class A Common Stock 48.9M Trilogy Mortgage Holdings, Inc. F1, F4
holding LDI Common Units 4.31M Jul 23, 2024 Class A Common Stock 4.31M By JLSA, LLC F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("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.
F2 The reporting person elected to cause The JLSSAA Trust ("JLSSAA Trust") to exchange a portion of the Common Units held for their benefit by such entity for an equal number of shares of Class A Common Stock. The shares of Class C Common Stock corresponding to the Common Units that were exchanged for Class A Common Stock were cancelled for no consideration.
F3 As trustee, the reporting person has voting and investment power over the assets of the JLSSAA Trust.
F4 The reporting person has voting and investment power over the shares of Class C Common Stock held by Trilogy Mortgage Holdings, Inc., JLSA, LLC and Trilogy Management Investors Six, LLC ("Trilogy Six").
F5 The reporting person previously reported on his Form 4 filings certain of the Class C Common Stock and Common Units owned by Trilogy Six, Trilogy Management Investors Seven, LLC ("Trilogy Seven") and Trilogy Management Investors Eight, LLC ("Trilogy Eight"). The reporting person does not have a pecuniary interest in Trilogy Seven or Trilogy Eight and is no longer reporting any interests in those entities.
F6 Represents 1,500,000 Common Units held by the JLSSAA Trust that were exchanged for shares of Class A Common Stock and the cancellation of the corresponding shares of Class C Common Stock on a one-for-one basis as described in footnotes 1 and 2.