Frank Martell - 25 May 2022 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Frank Martell
Issuer symbol
LDI
Transactions as of
25 May 2022
Net transactions value
$0
Form type
4
Filing time
27 May 2022, 16:24:12 UTC
Previous filing
24 May 2022
Next filing
06 Jun 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LDI Restricted Stock Units Award $0 +1,000,000 $0.000000 1,000,000 25 May 2022 Class A Common Stock 1,000,000 Direct F1, F2
transaction LDI Performance Share Units Award $0 +3,000,000 $0.000000 3,000,000 25 May 2022 Class A Common Stock 3,000,000 Direct F3, F4
transaction LDI Stock Option Award $0 +1,000,000 $0.000000 1,000,000 25 May 2022 Class A Common Stock 1,000,000 $2.72 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock.
F2 The RSUs are scheduled to vest as follows, 250,000 on each of 4/27/23, 4/27/24, 4/27/25 and 4/27/26. Within 30 days following each vesting date (provided such date does not fall during a Blackout Period), Issuer will deliver the number of shares of Class A Common Stock that correspond to the number of RSUs that vested.
F3 Each performance share unit ("PSU") represents a contingent right to receive one share of Issuer's Class A Common Stock.
F4 The PSUs vest on the 5th anniversary of the grant date in proportion to specified stock price hurdles being achieved by the Issuer's Class A Common stock.
F5 The stock options are scheduled to vest as follows, 250,000 on each of 4/27/23, 4/27/24, 4/27/25 and 4/27/26