Frank Martell - 06 Nov 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Greg Smith, as Attorney-in-Fact for Frank Martell
Issuer symbol
LDI
Transactions as of
06 Nov 2024
Net transactions value
-$406,446
Form type
4
Filing time
08 Nov 2024, 19:22:11 UTC
Previous filing
06 Sep 2024
Next filing
18 Nov 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 Award +312,056 +95% 640,739 06 Nov 2024 Direct F1
transaction LDI Class A Common Stock Tax liability $406,446 -158,150 -25% $2.57 482,589 06 Nov 2024 Direct
holding LDI Class A Common Stock 417,952 06 Nov 2024 2024 GRAT F2
holding LDI Class A Common Stock 386,846 06 Nov 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 Performance Share Units Award $0 +624,114 $0.000000 624,114 06 Nov 2024 Class A Common Stock 624,114 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit ("PSU") granted on April 15, 2024, represented a contingent right to receive one share of Class A Common Stock upon LDI achieving one fiscal quarter of positive adjusted net income. The remaining PSUs are scheduled to vest ratably on April 15, 2026, and April 15, 2027.
F2 As trustee, Mr. Martell has voting and investment power over the assets of the 2024 grantor retained annuity trust ("2024 GRAT"), and he is the sole annuitant.
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

Remarks:

Exhibit 24.1 - Power of Attorney