[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider transactions at loanDepot, Inc. (LDI): The reporting person, Jeffrey Michael DerGurahian, listed as an officer and Managing Member of CDG Financial LLC, exercised options and sold shares on 09/15/2025. He exercised a stock option with a $1.57 exercise price to acquire 1,000,000 Class A shares, which increased his direct beneficial ownership to 1,918,239 shares. On the same date he reported a disposition of 593,544 Class A shares at $4.76, leaving 1,324,695 shares held directly. Separately, CDG Financial LLC holds 5,842,969 Class A shares indirectly; the reporting person disclaims beneficial ownership except to his pecuniary interest.

Positive

• Clear, detailed disclosure of transaction dates, prices, quantities, and resulting beneficial ownership, supporting transparency
• Compliance with reporting rules: form includes relationship, indirect ownership disclosure, and an executed signature

Negative

• Significant disposition of 593,544 Class A shares at $4.76 on 09/15/2025, which may be material to observers monitoring insider sales
• Large insider transactions (exercise of 1,000,000 options) change insider stake levels and could be interpreted as liquidity-driven activity

Insights

Securities Analyst

TL;DR: Officer exercised 1,000,000 options and sold ~593k shares the same day; sizable insider activity but mixed directional signal.

The report shows a large exercise of options at $1.57 to acquire 1,000,000 Class A shares and a contemporaneous sale of 593,544 shares at $4.76. Net direct holdings remain material at 1,324,695 shares, plus 5,842,969 held indirectly by CDG Financial LLC. For investors, the combination of option exercise and partial sale is a common liquidity/cost-management pattern following option exercises; the filing is clear on quantities and prices, enabling transparent tracking of insider position changes.

Corporate Governance Expert

TL;DR: Filing appears complete and timely, disclosing both direct and indirect holdings and the reporting person’s disclaimer of beneficial ownership for LLC shares.

The Form 4 discloses the reporting person’s role as Chief Investment Officer and Managing Member of CDG Financial LLC, provides exact transaction codes, prices, and resulting beneficial ownership totals, and includes a legal signature by an attorney-in-fact. The explicit disclaimer regarding indirect ownership of LLC-held shares is appropriate. Materiality arises from the size of transactions relative to individual holdings, but the disclosure itself follows required SEC reporting conventions.

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)
09/15/2025

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	09/15/2025		M		1,000,000	A	$1.57	1,918,239	D
Class A Common Stock	09/15/2025		F		593,544	D	$4.76	1,324,695	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	09/15/2025		M			1,000,000	12/31/2023	12/23/2032	Class A Common Stock	1,000,000	$0	0	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	09/16/2025
	** 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 Michael DerGurahian report on Form 4 for LDI?

He exercised a stock option to acquire 1,000,000 Class A shares at an exercise price of $1.57 and reported a sale/disposition of 593,544 Class A shares at $4.76, all on 09/15/2025.

How many LDI shares does the reporting person beneficially own after these transactions?

The report shows 1,324,695 Class A shares held directly following the transactions, plus 5,842,969 Class A shares held indirectly by CDG Financial LLC.

What role does the reporting person have at loanDepot (LDI)?

The Form 4 lists the reporting person as an Officer with the title Chief Investment Officer and as the Managing Member of CDG Financial LLC.

Were indirect holdings by an entity disclosed in the Form 4?

Yes. The filing discloses that CDG Financial LLC holds 5,842,969 Class A shares and states the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Who signed the Form 4 and when was it filed?

The Form 4 bears a signature by Greg Smith, as Attorney-in-Fact for Jeffrey Michael DerGurahian dated 09/16/2025.