Form 4 for LDI loanDepot, Inc.

Accepted 2022-07-06 00:00:00 ET · period of report 2022-07-01 · accession 0001831631-22-000192 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2022-07-06	2022-07-01	LDI	PCP MANAGERS GP, LLC	Dir, 10%	M - OptEx	—	+86.2K	3.94M	+2%	—
DI	2022-07-06	2022-07-01	LDI	PCP MANAGERS GP, LLC	Dir, 10%	M - OptEx	$0.00	-86.2K	129.3K	-40%	$0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2022-07-01	M	A	86,208	—	3,942,581	I See Footnotes	—	—	(F1) Pursuant to the Assignment and Acknowledgment Agreements, dated as of May 6, 2021, Messrs. Golson and Dodson (the "Directors") hold the Restricted Stock Units ("RSUs") for the benefit of PCP Managers, L.P. and disclaim all right, title and interest in the RSUs. As per the Restricted Stock Unit Award Agreement dated June 21, 2022, and subject to the applicable Director's continued service, RSUs will vest in four installments: 86,208 on June 30, 2022, 43,102 on August 31, 2022, 43,104 on November 30, 2022 and 43,104 on February 28, 2023. Within thirty (30) days following vesting of the RSUs, the Issuer shall deliver an equivalent number of shares of Class A Common Stock or, at the discretion of the Compensation Committee, the cash equivalent. (F2) RSUs vested on June 30, 2022 and settled on July 1, 2022. (F3) PCP Managers GP, LLC is the general partner of PCP Managers, L.P, an affiliate of Parthenon Capital Partners ("Parthenon Capital"). The Directors serve as directors of loanDepot, Inc. (the "Issuer"). Mr. Golson is the Co-CEO and Managing Partner at Parthenon Capital and Mr. Dodson is a Managing Partner at Parthenon Capital. PCP Managers GP, LLC and certain of the Reporting Persons' affiliates may be deemed to be a director by deputization of the Issuer. (F4) Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.
2	Derivative	Restricted Stock Units	2022-07-01	M	D	86,208	$0.00	129,310	I See Footnotes	— · — to —	86,208 Class A Common Stock	(F2) RSUs vested on June 30, 2022 and settled on July 1, 2022. (F3) PCP Managers GP, LLC is the general partner of PCP Managers, L.P, an affiliate of Parthenon Capital Partners ("Parthenon Capital"). The Directors serve as directors of loanDepot, Inc. (the "Issuer"). Mr. Golson is the Co-CEO and Managing Partner at Parthenon Capital and Mr. Dodson is a Managing Partner at Parthenon Capital. PCP Managers GP, LLC and certain of the Reporting Persons' affiliates may be deemed to be a director by deputization of the Issuer. (F4) Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4. (F1) Pursuant to the Assignment and Acknowledgment Agreements, dated as of May 6, 2021, Messrs. Golson and Dodson (the "Directors") hold the Restricted Stock Units ("RSUs") for the benefit of PCP Managers, L.P. and disclaim all right, title and interest in the RSUs. As per the Restricted Stock Unit Award Agreement dated June 21, 2022, and subject to the applicable Director's continued service, RSUs will vest in four installments: 86,208 on June 30, 2022, 43,102 on August 31, 2022, 43,104 on November 30, 2022 and 43,104 on February 28, 2023. Within thirty (30) days following vesting of the RSUs, the Issuer shall deliver an equivalent number of shares of Class A Common Stock or, at the discretion of the Compensation Committee, the cash equivalent.