Form 4: loanDepot Executive Exercises Stock Options, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Gregory Smallwood, Chief Legal Officer of loanDepot, Inc., exercised stock options and disposed of shares to satisfy tax withholding obligations.
Summary
- On April 15, 2025, Gregory Smallwood, the Chief Legal Officer of loanDepot, Inc., exercised restricted stock units (RSUs) converting them into 46,099 shares of Class A Common Stock.
- Following the transaction, Smallwood directly owns 175,534 shares of Class A Common Stock.
- Smallwood also disposed of 11,226 shares of Class A Common Stock at a price of $1.12 to cover tax obligations related to the RSU exercise, leaving him with 164,308 shares.
- After the transaction, Smallwood directly owns 92,198 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to stock options and tax obligations, indicating a neutral sentiment.
Future Outlook
The remaining RSUs are scheduled to vest ratably on April 15, 2026 and April 15, 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of earliest transaction: Exercise of Restricted Stock Units and disposal of shares. |
| 04/16/2025 | Date of signature for the Form 4 filing. |
| April 15, 2026 | Date of next RSU vesting. |
| April 15, 2027 | Date of final RSU vesting. |
Keywords
loanDepot, Gregory Smallwood, LDI, Form 4, Stock Options, Restricted Stock Units, Class A Common Stock, Insider Trading, Securities Exchange Act
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