STOCK TITAN

loanDepot (NYSE: LDI) awards 44,247 RSUs to Chief Legal & Risk Officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Grassi Joseph J III reported acquisition or exercise transactions in this Form 4 filing.

loanDepot, Inc. reported that Chief Legal & Risk Officer Joseph J. Grassi III received a grant of 44,247 restricted stock units (RSUs) tied to the company’s Class A common stock. Each RSU represents the right to receive one share upon settlement.

The RSUs are scheduled to vest in three equal annual installments on June 15, 2027, June 15, 2028, and June 15, 2029. Following this award, the filing shows Grassi holding 44,247 RSUs directly, reflecting a compensation-related equity grant rather than an open‑market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Grassi Joseph J III
Role Chief Legal & Risk Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 44,247 $0.00 --
Holdings After Transaction: Restricted Stock Units — 44,247 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 44,247 restricted stock units Grant to Chief Legal & Risk Officer
Vesting date 1 June 15, 2027 First RSU tranche vests
Vesting date 2 June 15, 2028 Second RSU tranche vests
Vesting date 3 June 15, 2029 Final RSU tranche vests
Post-transaction RSU holdings 44,247 RSUs Direct holdings after grant
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share"
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 are scheduled to vest ratably"
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.
vest ratably financial
"The RSUs are scheduled to vest ratably on June 15, 2027, June 15, 2028, and June 15, 2029."
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SEC Form 4
FORM 4UNITED 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*
Grassi Joseph J III

(Last)(First)(Middle)
C/O LOANDEPOT, INC.
6561 IRVINE CENTER DR.

(Street)
IRVINE CALIFORNIA 92618

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
loanDepot, Inc. [ LDI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal & Risk Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/15/2026A44,247 (1) (1)Class A Common Stock44,247$044,247D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock. The RSUs are scheduled to vest ratably on June 15, 2027, June 15, 2028, and June 15, 2029.
Remarks:
/s/ Greg Smith, as Attorney-in-Fact for Joseph J. Grassi III06/16/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What equity award did loanDepot (LDI) grant to Joseph J. Grassi III?

loanDepot granted Joseph J. Grassi III 44,247 restricted stock units (RSUs) tied to Class A common stock. Each RSU represents a contingent right to receive one share at settlement, functioning as stock-based compensation for the executive.

When do Joseph J. Grassi III’s new loanDepot (LDI) RSUs vest?

The 44,247 RSUs granted to Joseph J. Grassi III vest in three equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. This creates a multi‑year retention and incentive structure for the executive.

Is Joseph J. Grassi III’s loanDepot (LDI) RSU grant an open-market stock purchase?

No, the filing shows a grant of restricted stock units, not an open-market stock purchase. The RSUs are an equity compensation award that convert into Class A common shares only upon future vesting and settlement.

How many loanDepot (LDI) RSUs does Joseph J. Grassi III hold after this grant?

After the reported transaction, Joseph J. Grassi III holds 44,247 restricted stock units directly. These RSUs will settle into shares of Class A common stock as they vest over the 2027–2029 schedule described in the filing.

What does each loanDepot (LDI) restricted stock unit represent in this Form 4?

Each restricted stock unit represents a contingent right to receive one share of loanDepot Class A common stock at settlement. The units themselves do not deliver shares until the specified vesting dates are reached and the award is settled.