loanDepot investment chief elects 1.6M-unit exchange
The exchange also canceled the corresponding Class B shares; the report separately lists shares held through CDG Financial LLC.
Rhea-AI Filing Summary
loanDepot, Inc. Chief Investment Officer Jeffrey Michael DerGurahian elected on September 23, 2026, to have Trilogy Management Investors Seven, LLC exchange 1,598,390 Common Units for an equal number of Class A Common Stock shares, effective October 1, 2026. The corresponding 1,598,390 Class B Common Stock shares were canceled for no consideration. After the conversion, DerGurahian reported 2,916,074 Class A shares held directly. Separately, 5,842,969 Class A shares were held by CDG Financial LLC; DerGurahian, its managing member, disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,598,390 shares exercised/converted
Exercise
4 txns
Insider
DerGurahian Jeffrey Michael
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Units F1, F6, F3, F4 | 1,598,390 | $0.00 | $0.00 |
| Other | Class B Common Stock F1, F2, F3, F4 | 1,598,390 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F2, F3 | 1,598,390 | $0.00 | $0.00 |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Units — 0 contracts (Indirect, Trilogy Management Investors Seven, LLC);
Class B Common Stock — 0 shares (Indirect, Trilogy Management Investors Seven, LLC);
Class A Common Stock — 2,916,074 shares (Direct);
Class A Common Stock — 5,842,969 shares (Indirect, CDG Financial LLC)
Footnotes (6)
- F1. In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("LD Holdings") Class A Common Units ("Common Units") equal to the number of Common Units held by such holders. Pursuant to the Issuer's Amended and Restated Certificate of Incorporation, dated February 11, 2021, each outstanding share of Class C Common Stock, automatically and without further action on the part of the Issuer or the Reporting Person, converted into one fully paid and non-assessable share of Class B Common Stock, par value $0.001 ("Class B Common Stock"), on February 11, 2026. Shares of Class B Common Stock may be converted, together with the corresponding Common Units, for shares of the Issuer's Class A Common Stock, par value $0.001 ("Class A Common Stock") as described in footnote 6.
- F2. The transaction date is the date the Reporting Person elected to make the exchange described in footnotes 1 and 3, which exchange will occur effective as of October 1, 2026.
- F3. The Reporting Person elected to cause Trilogy Management Investors Seven, LLC ("Trilogy Seven") to exchange the Common Units beneficially owned by the Reporting Person for an equal number of shares of Class A Common Stock. The shares of Class B Common Stock corresponding to the Common Units that were exchanged were cancelled for no consideration.
- F4. The Reporting Person has an indirect interest in a portion of the securities of the Class B Common Stock and the Common Units held by Trilogy Seven. Following the conversion, the Reporting Person will no longer have any interest in these securities and disclaims all beneficial ownership of all remaining securities held by Trilogy Seven.
- F5. 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.
- F6. Pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of LD Holdings, holders of Common Units may, subject to certain exceptions, from time to time require LD Holdings to redeem all or a portion of their Common Units (together with an equal number of shares of Class B Common Stock) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of Class A Common Stock on a one-for-one basis or a cash payment equal to an average market price of one share of Class A Common Stock for each Common Unit so redeemed.
Key Figures
Common Units exchanged: 1,598,390 Common Units
Class A Common Stock shares received: 1,598,390 shares
Class B Common Stock shares canceled: 1,598,390 shares
+2 more
5 metrics
Common Units exchanged
1,598,390 Common Units
Trilogy Management Investors Seven, LLC exchange effective October 1, 2026
Class A Common Stock shares received
1,598,390 shares
Received in exchange for Common Units
Class B Common Stock shares canceled
1,598,390 shares
Canceled for no consideration in the exchange
Class A Common Stock held directly
2,916,074 shares
DerGurahian's reported position following the conversion
Class A Common Stock held by CDG Financial LLC
5,842,969 shares
Indirect holding; DerGurahian is the LLC's managing member
Key Terms
Common Units, Class B Common Stock, beneficial ownership, pecuniary interest
4 terms
Common Units financial
"exchange the Common Units beneficially owned"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Class B Common Stock financial
"shares of Class B Common Stock ... were cancelled"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
beneficial ownership financial
"disclaims all beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was the LDI exchange made under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
