loanDepot director exercises 24,607 RSUs
loanDepot, Inc. director John Hoon Lee reported equity compensation activity and updated his holdings.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
loanDepot, Inc. director John Hoon Lee reported equity compensation activity and updated his holdings. He exercised restricted stock units covering 24,607 shares of Class A Common Stock at an exercise price of $0.00 per share, increasing his direct ownership to 260,600 shares. A separate entry shows indirect ownership of 62,556 Class A shares held through Bluestar Family Holdings LP, over whose assets he has voting and investment power.
Insider Trade Summary
24,607 shares exercised/converted
Exercise
2 txns
Insider
Lee John Hoon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 24,607 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 24,607 | $0.00 | $0.00 |
| Holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 units (Direct);
Class A Common Stock — 260,600 shares (Direct);
Class A Common Stock — 62,556 shares (Indirect, Bluestar Family Holdings LP)
Holdings Before and After:
Restricted Stock Units, 24,607 to 0 units (Direct);
Class A Common Stock, 235,993 to 260,600 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock.
- F2. The reporting person, as manager of its general partner, has voting and investment power over the assets of Bluestar Family Holdings LP.
Key Figures
RSUs exercised: 24,607 shares
Exercise price: $0.00 per share
Direct holdings after transaction: 260,600 shares
+3 more
6 metrics
RSUs exercised
24,607 shares
Restricted Stock Units converted into Class A Common Stock
Exercise price
$0.00 per share
RSU exercise price for 24,607 shares
Direct holdings after transaction
260,600 shares
Class A Common Stock directly owned after RSU exercise
Indirect holdings
62,556 shares
Class A Common Stock held via Bluestar Family Holdings LP
Exercise transactions
1 transaction, 24,607 shares
Derivative exercise count and shares in summary
Net buy/sell shares
0 shares
No net open-market buying or selling in this filing
Key Terms
Restricted Stock Units, Class A Common Stock, derivative security, voting and investment power, +1 more
5 terms
Restricted Stock Units financial
"The filing lists "Restricted Stock Units" as the derivative security exercised."
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
"Transactions involve "Class A Common Stock" as the underlying security."
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.
derivative security financial
"The transaction code M is described as "Exercise or conversion of derivative security"."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
voting and investment power financial
"A footnote states he has "voting and investment power over the assets of Bluestar Family Holdings LP.""
indirect ownership financial
"The Class A Common Stock held by Bluestar Family Holdings LP is reported with ownership_type "indirect"."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did loanDepot (LDI) report for John Hoon Lee?
loanDepot reported that director John Hoon Lee exercised restricted stock units for 24,607 shares of Class A Common Stock. This raised his direct holdings to 260,600 shares, with additional indirect holdings reported through Bluestar Family Holdings LP.
What type of securities did John Hoon Lee exercise in the loanDepot (LDI) filing?
He exercised Restricted Stock Units (RSUs), which are derivative awards that convert into common shares. In this case, 24,607 RSUs were converted into 24,607 shares of loanDepot Class A Common Stock at an exercise price of $0.00 per share.
Did the loanDepot (LDI) Form 4 show any open-market buys or sells?
The Form 4 shows RSU exercises but no open-market purchases or sales. Transaction codes indicate derivative exercises, and the transaction summary reports zero buy shares and zero sell shares, reflecting purely compensation-related equity activity in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
