0001831631-23-000017.txt : 20230117 0001831631-23-000017.hdr.sgml : 20230117 20230117175421 ACCESSION NUMBER: 0001831631-23-000017 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221201 FILED AS OF DATE: 20230117 DATE AS OF CHANGE: 20230117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Walsh Jeff Alexander CENTRAL INDEX KEY: 0001842775 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40003 FILM NUMBER: 23532423 MAIL ADDRESS: STREET 1: C/O LOANDEPOT, INC. STREET 2: 26642 TOWNE CENTRE DRIVE CITY: FOOTHILL RANCH STATE: CA ZIP: 92610 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: loanDepot, Inc. CENTRAL INDEX KEY: 0001831631 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 853948939 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6561 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (949) 434-5964 MAIL ADDRESS: STREET 1: 6561 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 4 1 wf-form4_167399604676953.xml FORM 4 X0306 4 2022-12-01 0 0001831631 loanDepot, Inc. LDI 0001842775 Walsh Jeff Alexander C/O LOANDEPOT, INC. 6561 IRVINE CENTER DR. IRVINE CA 92618 0 1 0 0 President, LDI Mortgage Class A Common Stock, par value $0.001 per share 2022-12-01 4 C 0 35526 0 A 4488416 D Class A Common Stock, par value $0.001 per share 2023-01-12 4 S 0 45146 2.376 D 4443270 D Class A Common Stock, par value $0.001 per share 2023-01-13 4 S 0 19144 2.3124 D 4424126 D Common Units 2022-12-01 4 C 0 35526 0 D Class A Common Stock 35526.0 13213121 I Trilogy Management Investors Seven, LLC These transactions are being reported late due to an inadvertent administrative error. In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001, were issued to certain holders of 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. The Reporting Person has, and at all times since the Issuer's initial public offering ("IPO") has held, an indirect pecuniary interest in a portion of the securities of the Issuer and LD Holdings Group LLC ("LD Holdings") directly held by Trilogy Management Investors Seven, LLC ("Trilogy Seven") as reported on Anthony Hsieh's Form 4 filed on February 16, 2021. All of the securities of the Issuer held by Trilogy Seven are directly reported by Trilogy Seven and were not previously reported by the persons holding an indirect interest in the securities. The Reporting Person disclaims beneficial ownership of the securities held by Trilogy Seven except to the extent of his pecuniary interest therein. The Reporting Person elected to cause Trilogy Seven to exchange a portion of the Common Units beneficially owned by the Reporting Person for an equal number of shares of Class A Common Stock, and to cause Trilogy Seven to transfer such shares of Class A Common Stock to the Reporting Person directly. The shares of Class C Common Stock corresponding to the Common Units that were exchanged were cancelled for no consideration. The cancellation of the shares of Class C Common Stock is reported by Trilogy Seven on Anthony Hsieh's Form 4 filed simultaneously herewith. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 2022. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.27 to $2.475. 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 effected. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.24 to $2.45. 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 atwhich the respective transactions were effected. /s/ Denise Apicella, as Attorney-in-Fact for Jeff Alexander Walsh 2023-01-17