Form 4: loanDepot Executive Joseph J. Grassi III Reports Stock Transactions

loanDepot's Chief Risk Officer, Joseph J. Grassi III, reports the vesting and subsequent disposal of restricted stock units to cover tax obligations.

Summary

• On April 15, 2025, Joseph J. Grassi III, the Chief Risk Officer of loanDepot, Inc., reported transactions involving Class A Common Stock.
• 46,099 Restricted Stock Units (RSUs) vested and were converted into Class A Common Stock.
• Following the vesting, 46,099 shares of Class A Common Stock were acquired.
• 13,876 shares were disposed of at a price of $1.12 to satisfy tax obligations.
• After these transactions, Grassi directly owns 108,132 shares of Class A Common Stock and 92,198 Restricted Stock Units.
• The remaining RSUs are scheduled to vest ratably on April 15, 2026, and April 15, 2027.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The remaining RSUs are scheduled to vest ratably on April 15, 2026 and April 15, 2027.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.

Key Dates

Keywords

Form 4, loanDepot, LDI, Joseph J. Grassi III, Chief Risk Officer, Stock Transaction, Restricted Stock Units, Class A Common Stock, Vesting