[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jeff Alexander Walsh, President of LDI Mortgage at loanDepot, Inc. (LDI), reported transactions on 09/05/2025 showing the accelerated vesting of performance stock units and a related sale. 141,844 performance share units (PSUs) were treated as acquired (code M) and converted into 141,844 shares of Class A common stock, increasing his reported beneficial holdings to 4,003,346 shares. On the same date Mr. Walsh disposed of 70,060 shares at $2.89 per share (code F), leaving him with 3,933,286 shares beneficially owned. The filing explains the PSUs were originally granted April 15, 2024 and vested early under Mr. Walsh’s Transition and Separation Agreement dated August 5, 2025.

Positive

• 141,844 PSUs converted into shares showing realized performance-based compensation
• Filing discloses acceleration reason (Transition and Separation Agreement dated August 5, 2025)

Negative

• 70,060 shares were sold at $2.89, reducing insider beneficial ownership
• PSU vesting was accelerated by a separation agreement, which may indicate management change for the reporting person

Insights

Corporate Governance Expert

TL;DR: Insider received accelerated PSU vesting tied to a separation agreement and sold a portion of shares the same day.

The filing documents an accelerated settlement of PSUs into 141,844 shares tied to achievement of a performance condition and contractual acceleration under a Transition and Separation Agreement. Concurrently, 70,060 shares were sold at $2.89, reducing holdings but leaving Mr. Walsh with over 3.9 million shares. For governance, the disclosure is routine and compliant: it specifies the acceleration reason and shows contemporaneous disposition activity. The transactions are material to insider ownership levels but present no new governance irregularity based solely on this filing.

Securities Analyst

TL;DR: Insider conversion of PSUs increased share count; a partial sale occurred at $2.89 per share.

From a market-impact perspective, the conversion of 141,844 PSUs into common stock increases free float, while the 70,060-share sale realized proceeds at $2.89 per share. The net change in beneficial ownership reported moves Mr. Walsh’s stake from 4,003,346 shares down to 3,933,286 after the disposition. The filing provides clear transaction codes and quantities but no price for the PSU conversion (reported as $0), which is standard for vested performance awards. Based solely on the filing, the activity is informative but not transformational for valuation absent broader context.

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

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X

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^*

Walsh Jeff Alexander

(Last) (First) (Middle)

C/O LOANDEPOT, INC.

6561 IRVINE CENTER DR.

(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)
	President, LDI Mortgage

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		M		141,844	A	(1)	4,003,346	D
Class A Common Stock	09/05/2025		F		70,060	D	$2.89	3,933,286	D

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
Performance Share Units	(1)	09/05/2025		M			141,844	(1)	(1)	Class A Common Stock	141,844	$0	0	D

Explanation of Responses:

1. Each performance stock unit ("PSU") granted on April 15, 2024, represented a contingent right to receive one share of Class A Common Stock upon LDI achieving one fiscal quarter of positive adjusted net income. Vesting of the earned PSUs accelerated in accordance with Mr. Walsh's Transition and Separation Agreement and General Release of Claims dated August 5, 2025.

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Jeff Alexander Walsh	09/08/2025
	** 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 Jeff Alexander Walsh report on Form 4 for LDI?

Mr. Walsh reported conversion of 141,844 PSUs into 141,844 Class A shares and the sale of 70,060 shares at $2.89 on 09/05/2025.

How many shares does Jeff Walsh beneficially own after the reported transactions?

The filing reports 3,933,286 shares beneficially owned following the reported sale.

Why did the PSUs vest early for Jeff Walsh?

The PSUs vested early in accordance with Mr. Walsh’s Transition and Separation Agreement dated August 5, 2025, per the filing explanation.

What price was received for shares sold by Jeff Walsh?

The filing shows the disposition of 70,060 shares at $2.89 per share on 09/05/2025.

When were the PSUs originally granted that converted into shares?

The PSUs were originally granted on April 15, 2024, according to the filing.