loanDepot legal chief settles 31,250 RSUs, withholds 14K
loanDepot, Inc. (LDI) reported that Chief Legal & Risk Officer Joseph J. Grassi III settled equity awards tied to the company’s stock.
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Form Type
4
Rhea-AI Filing Summary
loanDepot, Inc. (LDI) reported that Chief Legal & Risk Officer Joseph J. Grassi III settled equity awards tied to the company’s stock. On September 14, 2026, 31,250 Restricted Stock Units that had vested on September 12, 2026 converted into 31,250 shares of Class A Common Stock. On the same date, 14,094 shares of Class A Common Stock were delivered or withheld at $0.8333 per share for payment of exercise price or tax liability.
Insider Trade Summary
31,250 shares exercised/converted
Exercise
3 txns
Insider
Grassi Joseph J III
Role
Chief Legal & Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 31,250 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 31,250 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 14,094 | $0.8333 | $12K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 291,261 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 31,250 to 0 contracts (Direct);
Class A Common Stock, 274,105 to 291,261 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock. The RSUs vested on Saturday, September 12, 2026 and settled on Monday, September 14, 2026.
Key Figures
RSUs converted: 31,250 Restricted Stock Units
Shares issued upon RSU settlement: 31,250 shares of Class A Common Stock
Shares delivered or withheld for exercise price or tax liability: 14,094 shares of Class A Common Stock
+2 more
5 metrics
RSUs converted
31,250 Restricted Stock Units
RSUs vested September 12, 2026 and settled September 14, 2026 into Class A Common Stock
Shares issued upon RSU settlement
31,250 shares of Class A Common Stock
Underlying shares received by Joseph J. Grassi III on September 14, 2026
Shares delivered or withheld for exercise price or tax liability
14,094 shares of Class A Common Stock
Disposition on September 14, 2026 to cover exercise price or tax liability
Price per share for tax/exercise settlement
$0.8333 per share
Applied to 14,094 shares delivered or withheld for exercise price or tax liability
Derivative positions after RSU settlement
0 Restricted Stock Units
Total RSUs following the September 14, 2026 conversion transaction
Key Terms
Restricted Stock Units, Class A Common Stock, tax liability
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"one share of Class A Common Stock. The RSUs vested on Saturday"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did loanDepot (LDI) report for Joseph J. Grassi III?
loanDepot reported that Joseph J. Grassi III had 31,250 RSUs convert into 31,250 shares of Class A Common Stock on September 14, 2026, with a portion of those shares delivered or withheld to pay the exercise price or related tax liability.
How many loanDepot (LDI) Restricted Stock Units vested and settled for the executive?
A total of 31,250 Restricted Stock Units vested on September 12, 2026 and settled on September 14, 2026, resulting in the issuance of 31,250 shares of loanDepot Class A Common Stock to Joseph J. Grassi III.
Was a Rule 10b5-1 trading plan used for this LDI insider transaction?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, so no Rule 10b5-1 trading plan is reported in connection with these transactions by Joseph J. Grassi III.
What is the role of Joseph J. Grassi III at loanDepot (LDI)?
Joseph J. Grassi III is identified as Chief Legal & Risk Officer of loanDepot, Inc. in the Form 4 reporting the settlement of Restricted Stock Units and related share-withholding transaction on September 14, 2026.
What types of securities were involved in the September 14, 2026 LDI insider transactions?
The transactions involved Restricted Stock Units that settled into Class A Common Stock, and a follow-on disposition of a portion of those Class A shares to satisfy the exercise price or tax liability tied to the award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
