Frank Martell - Apr 27, 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Gregory Smallwood, as Attorney-in-Fact for Frank Martell
Stock symbol
LDI
Transactions as of
Apr 27, 2024
Transactions value $
-$299,012
Form type
4
Date filed
4/30/2024, 07:55 PM
Previous filing
Apr 16, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class A Common Stock Options Exercise +250K +185.77% 385K Apr 27, 2024 Direct F1
transaction LDI Class A Common Stock Tax liability -$299K -127K -32.95% $2.36 258K Apr 27, 2024 Direct F2
holding LDI Class A Common Stock 509K Apr 27, 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 Restricted Stock Units Options Exercise $0 -250K -33.33% $0.00 500K Apr 27, 2024 Class A Common Stock 250K Direct F1, F4
* 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.
F2 The transaction reported reflects the withholding of RSUs in satisfaction of the Reporting Person's tax liability.
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
F4 The RSUs are scheduled to vest as follows, 250,000 on each of 4/27/25 and 4/27/26. Within 30 days following each vesting date (provided such date does not fall during a Blackout Period), Issuer will deliver the number of shares of Class A Common Stock that correspond to the number of RSUs that vested.