Frank Martell - 27 Apr 2023 Form 4/A - Amendment Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Amanda Darby, as Attorney-in-Fact for Frank Martell
Issuer symbol
LDI
Transactions as of
27 Apr 2023
Net transactions value
-$203,153
Form type
4/A - Amendment
Filing time
04 Aug 2023, 18:20:28 UTC
Date Of Original Report
11 May 2023
Previous filing
06 Mar 2023
Next filing
05 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LDI Class A Common Stock Options Exercise +250,000 250,000 27 Apr 2023 Direct F1, F2
transaction LDI Class A Common Stock Tax liability $203,153 -115,428 -46% $1.76 134,572 27 Apr 2023 Direct F1, F3
holding LDI Class A Common Stock 283,285 27 Apr 2023 The Frank D. and Donna M. Martell Family Trust, Est. 8/17/20 F4

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 Options Exercise $0 -250,000 -25% $0.000000 750,000 27 Apr 2023 Class A Common Stock 250,000 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is being reported late by the Reporting Person due to an inadvertent administrative error.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock.
F3 The transaction reported reflects the withholding of RSUs in satisfaction of the Reporting Person's tax liability.
F4 As trustee, Mr. Martell has voting and investment power over the assets of the Frank D. and Donna M. Martell Family Trust, Est. 8/17/20.
F5 The RSUs are scheduled to vest as follows, 250,000 on each of 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.

Remarks:

The original Form 4, filed on May 11, 2023, is being amended solely to include a power of attorney as Exhibit 24, pursuant to which the original Form 4 was executed. The rest of the original Form 4 remains unchanged.