Jeff Alexander Walsh - 06 Nov 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
President, LDI Mortgage
Signature
/s/ Greg Smith, as Attorney-in-Fact for Jeff Alexander Walsh
Issuer symbol
LDI
Transactions as of
06 Nov 2024
Net transactions value
-$261,038
Form type
4
Filing time
08 Nov 2024, 19:37:06 UTC
Previous filing
03 Oct 2024
Next filing
26 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 Sale $168,665 -66,666 -1.7% $2.53 3,938,792 06 Nov 2024 Direct F1, F2
transaction LDI Class A Common Stock Award +70,921 +1.8% 4,009,713 06 Nov 2024 Direct F3
transaction LDI Class A Common Stock Tax liability $92,374 -35,943 -0.9% $2.57 3,973,770 06 Nov 2024 Direct

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 +141,844 $0.000000 141,844 06 Nov 2024 Class A Common Stock 141,844 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 21, 2024.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.50 to $2.565. 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.
F3 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.