Frank Martell - Dec 31, 2024 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role: CEO and President, Director
Signature: /s/ Greg Smith, as Attorney-in-Fact for Frank Martell
Stock symbol: LDI
Transactions as of: Dec 31, 2024
Transactions value $: -$322,869
Form type: 4
Date filed: 1/2/2025, 05:22 PM
Previous filing: Nov 18, 2024
Next filing: Apr 16, 2025
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		+312K	+64.71%		795K	Dec 31, 2024	Direct	F1
transaction	LDI	Class A Common Stock	Tax liability	-$323K	-158K	-19.91%	$2.04	637K	Dec 31, 2024	Direct
holding	LDI	Class A Common Stock						387K	Dec 31, 2024	The Frank D. and Donna M. Martell Family Trust	F2
holding	LDI	Class A Common Stock						418K	Dec 31, 2024	2024 Trust	F3

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	Performance Share Units	Options Exercise	$0	-312K	-25%	$0.00	937K	Dec 31, 2024	Class A Common Stock	312K		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance share unit ("PSU") represents a contingent right to receive one share of Issuer's Class A Common Stock upon satisfaction of the applicable vesting conditions.
F2	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
F3	As trustee, Mr. Martell has voting and investment power over the assets of the 2024 trust ("2024 Trust," formerly referred to as the 2024 GRAT).
F4	The PSUs are scheduled to vest (or have vested) if the average closing price of the Class A Common Stock over any 30-consecutive trading day period prior to the 5th anniversary of the grant date equals or exceeds the following share prices: (i) <$3.00 share price - 0% of target PSUs that vest; (ii) $3.00 share price - 25% of target PSUs that vest (vested 12/31/24); (iii) $4.00 share price - 50% of target PSUs that vest; (iv) $5.00 share price - 75% of target PSUs that vest; (v) $6.00 share price - 100% of target PSUs that vest; (vi) $7.50 share price - 125% of target PSUs that vest; (vii) $9.00 share price - 150% of target PSUs that vest; (viii) $10.50 share price - 175% of target PSUs that vest; and (ix) $13.00 share price - 200% of target PSUs that vest. Any PSUs which have not become earned by August 16, 2028 will be forfeited.