Form 4: LoanDepot Director John Lee Reports Stock Transactions
SEC Form 4 Filing
Director John Lee reports acquisition and disposal of LoanDepot Class A Common Stock and Restricted Stock Units.
Summary
- On June 3, 2024, John Lee, a director of loanDepot, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Lee acquired 14,672 shares of Class A Common Stock through the settlement of RSUs.
- The price per share for the acquisition was $0, likely due to the nature of RSU settlement.
- Following the reported transactions, Lee directly owns 101,789 shares of Class A Common Stock.
- Lee also indirectly owns 62,556 shares through Bluestar Family Holdings LP, where he has voting and investment power as manager of its general partner.
- The RSUs vested on May 31, 2024, and were settled on June 3, 2024, according to the RSU agreement.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | RSUs vested |
| 06/03/2024 | Date of transaction (RSU settlement and stock acquisition) |
| 06/05/2024 | Date of Form 4 filing |
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