Anthony Li Hsieh - Aug 28, 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Signature
/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh
Stock symbol
LDI
Transactions as of
Aug 28, 2024
Transactions value $
-$1,093,152
Form type
4
Date filed
8/29/2024, 07:52 PM
Previous filing
Aug 28, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class A Common Stock Sale -$439K -153K -6.39% $2.87 2.24M Aug 28, 2024 By JLSSAA Trust F1, F2
transaction LDI Class A Common Stock Sale -$654K -243K -10.86% $2.69 1.99M Aug 29, 2024 By JLSSAA Trust F2, F3
transaction LDI Class C Common Stock Other $0 -2M -30.24% $0.00 4.61M Aug 29, 2024 By JLSSAA Trust F2, F4, F5
transaction LDI Class A Common Stock Conversion of derivative security $0 +2M +100.27% $0.00 3.99M Aug 29, 2024 By JLSSAA Trust F2, F5
holding LDI Class A Common Stock 89.6K Aug 28, 2024 Direct
holding LDI Class C Common Stock 48.9M Aug 28, 2024 By Trilogy Mortgage Holdings, Inc. F4, F6
holding LDI Class C Common Stock 4.31M Aug 28, 2024 By JLSA, LLC F4, F6
holding LDI Class C Common Stock 66.4M Aug 28, 2024 By Trilogy Management Investors Six, LLC F4, F6

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 -2M -30.24% $0.00 4.61M Aug 29, 2024 Class A Common Stock 2M By JLSSAA Trust F2, F4, F5
holding LDI Common Units 66.4M Aug 28, 2024 Class A Common Stock 66.4M By Trilogy Management Investors Six, LLC F4, F6
holding LDI Common Units 48.9M Aug 28, 2024 Class A Common Stock 48.9M Trilogy Mortgage Holdings, Inc. F4, F6
holding LDI Common Units 4.31M Aug 28, 2024 Class A Common Stock 4.31M By JLSA, LLC F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.84 to $3.00. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 at which the respective transactions were affected.
F2 As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust").
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.60 to $2.85. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 at which the respective transactions were affected.
F4 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.
F5 The reporting person elected to cause 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.
F6 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.

Remarks:

Exhibit 24.1 - Power of Attorney