0001831631-23-000106.txt : 20230405
0001831631-23-000106.hdr.sgml : 20230405
20230405183048
ACCESSION NUMBER: 0001831631-23-000106
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230403
FILED AS OF DATE: 20230405
DATE AS OF CHANGE: 20230405
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: 23803854
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_168073383767543.xml
FORM 4
X0407
4
2023-04-03
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
1
Class A Common Stock, par value $0.001 per share
2023-04-03
4
C
0
17763
0
A
4366608
D
Class A Common Stock, par value $0.001 per share
2023-04-03
4
S
0
13509
1.523
D
4353099
D
Common Units
2023-04-03
4
C
0
17763
0
D
Class A Common Stock
17763.0
10239267
I
Trilogy Management Investors Seven, LLC
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 on June 3, 2021.
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 $1.50 to $1.59. 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.
/s/ Denise Apicella, as Attorney-in-Fact for Jeff Alexander Walsh
2023-04-05