Guild Holdings (GHLD) Director Reports 97 Dividend Equivalent Units on RSUs

Rhea-AI Filing Summary

Guild Holdings Co (GHLD) director Martha E. Marcon reported a non‑derivative acquisition on Form 4. The filing shows a 09/02/2025 transaction in which 97 Class A common shares were acquired as dividend equivalent units (DEUs) paid on outstanding restricted stock units (RSUs) at a price of $0. After this transaction, Ms. Marcon beneficially owned 72,491 Class A shares in a direct ownership form. The filing was signed by an attorney‑in‑fact on 09/04/2025 and includes an explanatory note that the DEUs follow the terms of the underlying RSUs.

Positive

• Prompt disclosure: The Form 4 reports the transaction and updates beneficial ownership, supporting transparency.
• Increase in direct holdings: 97 DEUs credited, bringing direct beneficial ownership to 72,491 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received a small, zero‑cost grant of 97 DEUs, modestly increasing direct holdings to 72,491 shares.

This Form 4 documents a routine equity compensation settlement rather than an open‑market purchase or sale. The 97 shares were issued as dividend equivalent units tied to existing RSUs and recorded at a $0 price, consistent with non‑cash equity compensation plans. The change is incremental and disclosed promptly, meeting Section 16 reporting requirements. No cash proceeds, sales, or new derivative positions are reported, so immediate liquidity or dilution implications are negligible based on the filing alone.

Corporate Governance Expert

TL;DR: The disclosure reflects standard executive compensation mechanics and appears compliant with insider reporting rules.

The entry reflects DEUs credited on RSUs, which commonly vest or are paid as share equivalents. The filing identifies Ms. Marcon as a director and records direct ownership post‑transaction, providing transparency on insider holdings. The signature by an attorney‑in‑fact is noted and dated. There are no indications of plan amendments, accelerated vesting, or transactions pursuant to a 10b5‑1 plan in the text provided.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Marcon Martha E.

(Last) (First) (Middle)

5887 COPLEY DRIVE

(Street)

SAN DIEGO CA 92111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Guild Holdings Co [ GHLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/02/2025		A		97	A	$0	72,491(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent units ("DEUs") paid on outstanding RSUs. The DEUs are subject to the same terms as the underlying RSUs.

	Bella Guerrero, Attorney-in-Fact for Martha E. Marcon	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Martha E. Marcon report on Form 4 for GHLD?

She reported acquisition of 97 Class A shares as dividend equivalent units on RSUs dated 09/02/2025, increasing direct holdings to 72,491 shares.

Was there any cash paid for the shares listed on the Form 4?

No. The 97 shares were recorded at a price of $0, reflecting DEUs paid on outstanding RSUs.

Does the filing show any derivative transactions or sales by the reporting person?

No. The Form 4 only reports a non‑derivative acquisition of Class A common stock as DEUs; there are no derivative transactions or disposals listed.

Who signed the Form 4 and when was it signed?

Bella Guerrero, Attorney‑in‑Fact for Martha E. Marcon, signed the filing on 09/04/2025.

Are the DEUs subject to any special terms?

Yes. The filing states the DEUs are subject to the same terms as the underlying RSUs.