loanDepot CIO Exercises 1M Options, Sells 608,779 Shares — Form 4 Details

Rhea-AI Filing Summary

Jeffrey Michael DerGurahian, Chief Investment Officer of loanDepot, Inc. (LDI), reported multiple transactions on 09/11/2025. He exercised an option to acquire 1,000,000 shares of Class A common stock at an exercise price of $1.57 per share and received 1,000,000 shares direct following the exercise. The filing also reports a disposition of 608,779 Class A shares at $4.179 per share and shows 1,527,018 and 918,239 shares beneficially owned following the respective transactions. Separately, CDG Financial LLC holds 5,842,969 Class A shares, of which the reporting person is the managing member and disclaims beneficial ownership except to the extent of his pecuniary interest.

Insights

Securities Analyst

TL;DR: Insider exercised a large option and sold a material block the same day, leaving substantial indirect holdings via an affiliated LLC.

The 1,000,000 share option exercise at $1.57 is a meaningful acquisition by the reporting person at a strike well below the reported sale price of $4.179 for 608,779 shares. This combination of exercise and sale changes the reporting persons direct holdings while leaving a larger indirect position through CDG Financial LLC. For investors, the filing documents a shift in the composition of ownership between direct and indirect holdings without disclosing motivations or further transactions.

Corporate Governance Expert

TL;DR: Transaction details are properly disclosed; the filing clarifies indirect ownership via an entity managed by the reporting person.

The form includes the required explanatory note that Mr. DerGurahian is the managing member of CDG Financial LLC and disclaims beneficial ownership of shares held by that entity except for pecuniary interest. The filing reports both acquisition via option exercise and an open-market disposition on the same date, and provides post-transaction ownership counts for transparency. No amendments or qualifiers beyond the standard disclaimer are present.

Insider Trade Summary

1,000,000 shares exercised/converted

Mixed 4 txns

Insider DerGurahian Jeffrey Michael

Role Chief Investment Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option	1,000,000	$0.00	--
Exercise	Class A Common Stock	1,000,000	$1.57	$1.57M
Tax Withholding	Class A Common Stock	608,779	$4.179	$2.54M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option — 1,000,000 shares (Direct); Class A Common Stock — 1,527,018 shares (Direct); Class A Common Stock — 5,842,969 shares (Indirect, CDG Financial LLC)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

DerGurahian Jeffrey Michael

(Last) (First) (Middle)

C/O LOANDEPOT, INC.

6561 IRVINE CENTER DRIVE

(Street)

IRVINE CA 92618

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
loanDepot, Inc. [ LDI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

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	09/11/2025		M		1,000,000	A	$1.57	1,527,018	D
Class A Common Stock	09/11/2025		F		608,779	D	$4.179	918,239	D
Class A Common Stock								5,842,969	I	CDG Financial LLC(1)

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
Stock Option	$1.57	09/11/2025		M			1,000,000	12/31/2023	12/23/2032	Class A Common Stock	1,000,000	$0	1,000,000	D

Explanation of Responses:

1. The Reporting Person is the Managing Member of CDG Financial LLC. The Reporting Person disclaims beneficial ownership of the LDI shares held by CDG Financial LLC except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Jeffrey Michael DerGurahian	09/12/2025
	** 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 transactions did Jeffrey DerGurahian report for LDI on 09/11/2025?

He exercised an option to acquire 1,000,000 Class A shares at $1.57 and reported a sale/disposition of 608,779 Class A shares at $4.179.

How many LDI shares does CDG Financial LLC hold according to the Form 4?

The filing shows CDG Financial LLC holds 5,842,969 Class A shares.

What direct ownership counts are reported after the transactions?

Post-transaction direct beneficial ownership counts reported are 1,527,018 shares and 918,239 shares following the respective transactions listed.

Does the reporting person claim beneficial ownership of the LLCs shares?

The reporting person states he is the managing member of CDG Financial LLC and disclaims beneficial ownership of the LLCs LDI shares except to the extent of his pecuniary interest.

Was the Form 4 signed and dated?

Yes; the form bears a signature by an attorney-in-fact for Jeffrey Michael DerGurahian dated 09/12/2025.