Form 4: loanDepot Director Converts RSUs to Class A Stock

loanDepot Director John Hoon Lee converted 24,606 restricted stock units into Class A Common Stock, increasing his direct beneficial ownership.

Summary

• John Hoon Lee, a Director at loanDepot, Inc. (LDI), converted 24,606 Restricted Stock Units (RSUs) into Class A Common Stock on November 28, 2025.
• Following this transaction, Lee directly beneficially owns 211,387 shares of Class A Common Stock.
• Additionally, Lee indirectly beneficially owns 62,556 shares of Class A Common Stock through Bluestar Family Holdings LP, where he has voting and investment power.
• The RSUs were converted at a price of $0, which is typical for compensation-related grants.
• After the conversion, Lee retains 49,213 Restricted Stock Units, which are scheduled to vest ratably on February 27, 2026, and May 29, 2026.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled conversion of Restricted Stock Units into common stock by a director. This is a neutral event, as it's part of compensation and not a discretionary open market purchase or sale, though it does increase direct ownership.

Positives

• The conversion of Restricted Stock Units into Class A Common Stock increases the director's direct beneficial ownership, aligning their interests more closely with shareholders.

Future Outlook

Remaining Restricted Stock Units held by Director John Hoon Lee are scheduled to vest ratably on February 27, 2026, and May 29, 2026.

Industry Context

This filing reports a routine insider transaction involving the conversion of executive compensation (Restricted Stock Units) into common stock, which is a standard practice across various industries for aligning management incentives with shareholder value.

Related Party Transactions

• John Hoon Lee indirectly beneficially owns 62,556 shares of Class A Common Stock through Bluestar Family Holdings LP, where he serves as manager of its general partner and has voting and investment power over its assets.

Stakeholder Impact

• Shareholders: The director's increased direct ownership of Class A Common Stock may be viewed as a positive signal of alignment with shareholder interests.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Remaining Restricted Stock Units are scheduled to vest on February 27, 2026.
• Remaining Restricted Stock Units are scheduled to vest on May 29, 2026.

Key Dates

Keywords

loanDepot, LDI, John Hoon Lee, Director, Restricted Stock Units, RSU conversion, Class A Common Stock, Insider transaction, Beneficial ownership