Form 4 for LDI loanDepot, Inc.
Accepted 2025-03-18 00:00:00 ET · period of report 2025-03-14 · accession 0001831631-25-000039 · 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 | 2025-03-18 | 2025-03-18 | LDI | Hsieh Anthony Li | Dir, 10% | J - Other | $0.00 | -4.05M | 35.85M | -10% | $0 |
| DI | 2025-03-18 | 2025-03-17 | LDI | Hsieh Anthony Li | Dir, 10% | S - Sale | $1.50 | -436.2K | 6.09M | -7% | -$654.4K |
| DI | 2025-03-18 | 2025-03-18 | LDI | Hsieh Anthony Li | Dir, 10% | C - Cnv Deriv | $0.00 | +4.05M | 10.14M | +66% | $0 |
| DI | 2025-03-18 | 2025-03-18 | LDI | Hsieh Anthony Li | Dir, 10% | C - Cnv Deriv | $0.00 | -4.05M | 35.85M | -10% | $0 |
| D | 2025-03-18 | 2025-03-14 | LDI | Hsieh Anthony Li | Dir, 10% | A - Grant | $0.00 | +1.50M | 1.50M | New | $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 | 2025-03-18 | J | D | 4,050,000 | $0.00 | 35,845,633 | I By Trilogy Mortgage Holdings, Inc. | — | — | (F3) 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. (F5) 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. |
| 2 | Common | Class A Common Stock | 2025-03-17 | S | D | 436,248 | $1.50 | 6,093,712 | I By JLSSAA Trust | — | — | (F1) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.50 to $1.5074. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 at which the respective transactions were affected. (F2) As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust"). |
| 3 | Common | Class A Common Stock | 2025-03-18 | C | A | 4,050,000 | $0.00 | 10,143,712 | I By JLSSAA Trust | — | — | (F2) As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust"). |
| 4 | Derivative | Common Units | 2025-03-18 | C | D | 4,050,000 | $0.00 | 35,845,633 | I | — · — to — | 4,050,000 Class A Common Stock | (F3) 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. |
| 5 | Derivative | Performance Share Units | 2025-03-14 | A | A | 1,500,000 | $0.00 | 1,500,000 | D Trilogy Mortgage Holdings, Inc. | — · — to 2027-03-06 | 1,500,000 Class A Common Stock | (F5) 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. (F6) Each performance restricted stock unit represents a contingent right to receive one share of LDI Class A Common Stock. The performance rights vest upon LDI's Class A Common Stock achieving a specified price per share. |