Form 4 for LDI loanDepot, Inc.
Accepted 2024-10-21 00:00:00 ET · period of report 2024-10-17 · accession 0001831631-24-000255 · 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 | 2024-10-21 | 2024-10-17 | LDI | Hsieh Anthony Li | Dir, 10% | C - Cnv Deriv | $0.00 | +5.00M | 7.93M | +171% | $0 |
| DI | 2024-10-21 | 2024-10-17 | LDI | Hsieh Anthony Li | Dir, 10% | J - Other | $0.00 | -5.00M | 43.95M | -10% | $0 |
| DI | 2024-10-21 | 2024-10-17 | LDI | Hsieh Anthony Li | Dir, 10% | C - Cnv Deriv | $0.00 | -5.00M | 43.95M | -10% | $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 | 2024-10-17 | C | A | 5,000,000 | $0.00 | 7,927,686 | I By JLSSAA Trust | — | — | (F4) As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust"). |
| 2 | Common | Class C Common Stock | 2024-10-17 | J | D | 5,000,000 | $0.00 | 43,945,633 | I By Trilogy Mortgage Holdings, Inc. | — | — | (F1) In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("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, par value $0.001 ("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. (F3) The reporting person has voting and investment power over the shares of Class C Common Stock held by Trilogy Mortgage Holdings, Inc., JLSA, LLC and Trilogy Management Investors Six, LLC. |
| 3 | Derivative | Common Units | 2024-10-17 | C | D | 5,000,000 | $0.00 | 43,945,633 | I Trilogy Mortgage Holdings, Inc. | — · — to — | 5,000,000 Class A Common Stock | (F1) In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("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, par value $0.001 ("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. (F3) The reporting person has voting and investment power over the shares of Class C Common Stock held by Trilogy Mortgage Holdings, Inc., JLSA, LLC and Trilogy Management Investors Six, LLC. |