Form 4 for LDI loanDepot, Inc.
Accepted 2024-11-26 00:00:00 ET · period of report 2024-11-18 · accession 0001831631-24-000299 · 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 | 2024-11-26 | 2024-11-18 | LDI | Walsh Jeff Alexander | Pres, LDI Mortgage | J - Other | $0.00 | -88.8K | 124.2K | -42% | $0 |
| D | 2024-11-26 | 2024-11-18 | LDI | Walsh Jeff Alexander | Pres, LDI Mortgage | C - Cnv Deriv | $0.00 | +88.8K | 4.06M | +2% | $0 |
| DI | 2024-11-26 | 2024-11-18 | LDI | Walsh Jeff Alexander | Pres, LDI Mortgage | C - Cnv Deriv | $0.00 | -88.8K | 124.2K | -42% | $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 C Common Stock | 2024-11-18 | J | D | 88,815 | $0.00 | 124,191 | I Trilogy Management Investors Seven, LLC | — | — | (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. (F2) The transaction date is the date the Reporting Person elected to make the exchange described in footnotes 1 and 3, which exchange will occur effective as of December 1, 2024. This transaction is being reported late due to an inadvertent administrative error in associating the conversion election with the Reporting Person. Additional procedures have been implemented to mitigate future errors. (F4) The Reporting Person has an indirect interest in a portion of the securities of the Class C Common Stock and the Common Units held by Trilogy Seven. The Reporting Person is disclosing only his indirect interest in these securities and disclaims beneficial ownership of all other securities held by Trilogy Seven. These securities will continue to vest ratably on a monthly basis through June 1, 2025. (F5) The reported shares of Class C Common Stock were previously reported by Trilogy Seven through its manager, Anthony Hsieh. In a Form 4 filed on July 25, 2024, Anthony Hsieh changed his reporting methodology. In addition, the Reporting Person previously reported all of the Common Units held by Trilogy Seven. The Reporting Person is now only reporting his interests in Trilogy Seven. |
| 2 | Common | Class A Common Stock | 2024-11-18 | C | A | 88,815 | $0.00 | 4,062,585 | D | — | — | (F2) The transaction date is the date the Reporting Person elected to make the exchange described in footnotes 1 and 3, which exchange will occur effective as of December 1, 2024. This transaction is being reported late due to an inadvertent administrative error in associating the conversion election with the Reporting Person. Additional procedures have been implemented to mitigate future errors. |
| 3 | Derivative | Common Units | 2024-11-18 | C | D | 88,815 | $0.00 | 124,191 | I Trilogy Management Investors Seven, LLC | — · — to — | 88,815 Class A Common Stock | (F2) The transaction date is the date the Reporting Person elected to make the exchange described in footnotes 1 and 3, which exchange will occur effective as of December 1, 2024. This transaction is being reported late due to an inadvertent administrative error in associating the conversion election with the Reporting Person. Additional procedures have been implemented to mitigate future errors. (F6) Represents Common Units held by Trilogy Seven that were exchanged for shares of Class A Common Stock and the cancellation of the corresponding shares of Class C Common Stock on a one-for-one basis as described in footnotes 1 and 3. (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. (F4) The Reporting Person has an indirect interest in a portion of the securities of the Class C Common Stock and the Common Units held by Trilogy Seven. The Reporting Person is disclosing only his indirect interest in these securities and disclaims beneficial ownership of all other securities held by Trilogy Seven. These securities will continue to vest ratably on a monthly basis through June 1, 2025. (F5) The reported shares of Class C Common Stock were previously reported by Trilogy Seven through its manager, Anthony Hsieh. In a Form 4 filed on July 25, 2024, Anthony Hsieh changed his reporting methodology. In addition, the Reporting Person previously reported all of the Common Units held by Trilogy Seven. The Reporting Person is now only reporting his interests in Trilogy Seven. |