loanDepot director exercises 24,607 RSUs
loanDepot director Steven Ozonian exercised restricted stock units into common shares.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
loanDepot director Steven Ozonian exercised restricted stock units into common shares. On May 29, 2026, he converted 24,607 RSUs into an equal number of Class A Common Stock shares at a stated price of $0.00 per share, increasing his direct holdings to 217,496 common shares. The RSUs represented a contingent right to receive one share of Class A Common Stock or equivalent cash value at settlement.
Insider Trade Summary
24,607 shares exercised/converted
Exercise
2 txns
Insider
OZONIAN STEVEN
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 |
Holdings After Transaction:
Restricted Stock Units — 0 units (Direct);
Class A Common Stock — 217,496 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 24,607 to 0 units (Direct);
Class A Common Stock, 192,889 to 217,496 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 or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock.
Key Figures
RSUs exercised: 24,607 units
Shares acquired: 24,607 shares
Post-transaction holdings: 217,496 shares
+1 more
4 metrics
RSUs exercised
24,607 units
Restricted Stock Units converted on May 29, 2026
Shares acquired
24,607 shares
Class A Common Stock received from RSU exercise
Post-transaction holdings
217,496 shares
Director’s direct Class A Common Stock after exercise
Exercise price
$0.00 per share
Stated price for RSU conversion into common shares
Key Terms
Restricted Stock Units, Class A Common Stock, derivative security
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock"
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 or, at the option of the Compensation Committee, the cash value"
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
"transaction_code_description": "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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did loanDepot (LDI) report for Steven Ozonian?
Director Steven Ozonian exercised 24,607 restricted stock units into 24,607 shares of Class A Common Stock. This was a derivative exercise at a stated price of $0.00 per share, reflecting equity compensation rather than an open-market stock purchase or sale.
Were Steven Ozonian’s loanDepot (LDI) transactions open-market buys or sales?
The reported transactions were not open-market buys or sales. They involved exercising restricted stock units classified as derivative securities, converting 24,607 RSUs into 24,607 Class A Common shares at a stated price of $0.00, with no separate market trade disclosed here.
What do the restricted stock units in this loanDepot (LDI) filing represent?
Each restricted stock unit represents a contingent right to receive, at settlement, one share of loanDepot Class A Common Stock or, at the Compensation Committee’s option, the cash value of one share. In this case, 24,607 RSUs were settled into 24,607 common shares.
Does this loanDepot (LDI) insider filing show remaining derivative awards for Steven Ozonian?
The filing’s derivative summary is empty, indicating no additional derivative securities such as remaining restricted stock units or options are listed for Steven Ozonian in this report. Only the 24,607 RSUs exercised into Class A Common Stock are shown in the disclosed data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
