Form 4 for LDI loanDepot, Inc.
Accepted 2024-09-05 00:00:00 ET · period of report 2024-09-03 · accession 0001831631-24-000228 · 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 | 2024-09-05 | 2024-09-03 | LDI | PCP MANAGERS GP, LLC | Dir, 10% | M - OptEx | $0.00 | +30.2K | 4.18M | +0.7% | $0 |
| DI | 2024-09-05 | 2024-09-03 | LDI | PCP MANAGERS GP, LLC | Dir, 10% | M - OptEx | $0.00 | -30.2K | 90.6K | -25% | $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 | 2024-09-03 | M | A | 30,192 | $0.00 | 4,176,351 | I See Footnotes | — | — | (F1) 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. (F2) Pursuant to Assignment and Acknowledgement Agreements, dated as of May 6, 2021, Messrs. Golson and Dodson (the "Directors") serve as directors of loanDepot, Inc. (the "Issuer") and hold the RSUs for the benefit of PCP Managers, L.P. The Directors disclaim all right, title and interest in the RSUs. PCP Managers GP, LLC is the general partner of PCP Managers, L.P, an affiliate of Parthenon Capital Partners ("Parthenon Capital"). 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. |
| 2 | Derivative | Restricted Stock Units | 2024-09-03 | M | D | 30,192 | $0.00 | 90,580 | I See Footnotes | — · — to — | 30,192 Class A Common Stock | (F4) RSUs that vested on August 31, 2024, were settled on September 3, 2024. (F1) 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. (F2) Pursuant to Assignment and Acknowledgement Agreements, dated as of May 6, 2021, Messrs. Golson and Dodson (the "Directors") serve as directors of loanDepot, Inc. (the "Issuer") and hold the RSUs for the benefit of PCP Managers, L.P. The Directors disclaim all right, title and interest in the RSUs. PCP Managers GP, LLC is the general partner of PCP Managers, L.P, an affiliate of Parthenon Capital Partners ("Parthenon Capital"). 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. (F3) Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock. (F5) The remaining RSUs are scheduled to vest ratably on November 30, 2024, February 28, 2025 and May 31, 2025. |