Form 4 for LDI loanDepot, Inc.
Accepted 2023-10-03 00:00:00 ET · period of report 2023-10-01 · accession 0001831631-23-000283 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-10-03 | 2023-10-01 | LDI | Graeler Darren | EVP, CAO | C - Cnv Deriv | $0.00 | +238.0K | 238.0K | New | $0 |
| DI | 2023-10-03 | 2023-10-01 | LDI | Graeler Darren | EVP, CAO | C - Cnv Deriv | $0.00 | -238.0K | 71.28M | -0.3% | $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, par value $0.001 per share | 2023-10-01 | C | A | 238,034 | $0.00 | 238,034 | D | — | — | (F3) The Reporting Person elected to cause Trilogy Six to exchange a portion of the Common Units beneficially owned by the Reporting Person for an equal number of shares of Class A Common Stock, and to cause Trilogy Six to transfer such shares of Class A Common Stock to the Reporting Person directly. The shares of Class C Common Stock corresponding to the Common Units that were exchanged were cancelled for no consideration. The cancellation of the shares of Class C Common Stock is reported by Trilogy Six on Anthony Hsieh's Form 4 filed on June 3, 2021. |
| 2 | Derivative | Common Units | 2023-10-01 | C | D | 238,034 | $0.00 | 71,281,630 | I Trilogy Management Investors Six, LLC | — · — to — | 238,034 Class A Common Stock | (F1) The Reporting Person has an indirect pecuniary interest in a portion of the securities of the Issuer and LD Holdings Group LLC ("LD Holdings") directly held by Trilogy Management Investors Six, LLC ("Trilogy Six"). The Reporting Person disclaims beneficial ownership of the securities held by Trilogy Six except to the extent of his pecuniary interest therein. (F2) In the reorganization transactions related to Issuer's initial public offering, shares of Issuer's Class C Common Stock, par value $0.001, were issued to certain holders of 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 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. |