4/A: loanDepot Director Amends SEC Filing to Correctly Report Share Ownership
SEC Filing Amendment
John Hoon Lee, a director at loanDepot, Inc., amended a previous SEC filing to accurately reflect direct ownership of shares received from RSU settlement and update the total securities beneficially owned.
Summary
- John Hoon Lee, a director of loanDepot, Inc., filed an amendment to a Form 4 initially submitted on March 2, 2023.
- The amendment corrects the reporting of share ownership, clarifying that shares received upon settlement of Restricted Stock Units (RSUs) are directly owned by Lee.
- The filing also updates the amount of securities beneficially owned following the reported transactions.
- The original Form 4 remains unchanged except for these corrections.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. It doesn't inherently suggest positive or negative sentiment, but accuracy in reporting is viewed favorably.
Industry Context
This filing is a routine disclosure related to insider transactions and ownership, which is standard practice for publicly traded companies like loanDepot.
Stakeholder Impact
- Accurate reporting of share ownership ensures transparency for shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Date of earliest transaction |
| 03/02/2023 | Date of original Form 4 filing |
| 03/04/2024 | Date of amended Form 4/A filing |
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