Form 4: loanDepot Managing Director Dan Binowitz Reports RSU Vesting and Tax-Related Stock Dispositions

loanDepot, Inc. Managing Director Dan Binowitz reported the vesting of Restricted Stock Units and subsequent tax-related dispositions of Class A Common Stock, resulting in a net increase in his direct beneficial ownership.

Summary

• Dan Binowitz, Managing Director at loanDepot, Inc., reported transactions involving Class A Common Stock on July 10, 2025.
• Binowitz acquired a total of 87,580 shares of Class A Common Stock through the exercise/conversion of Restricted Stock Units (RSUs) at a price of $0.
• Concurrently, he disposed of a total of 31,338 shares of Class A Common Stock at a price of $1.52, which were likely for tax withholding purposes related to the RSU vesting.
• Following these transactions, Binowitz's direct beneficial ownership of Class A Common Stock increased to 1,079,589 shares.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• Remaining RSUs held by Binowitz are scheduled to vest on July 10, 2026.

Sentiment

Score: 6

Explanation: The filing indicates routine RSU vesting and tax-related sales, which are neutral to slightly positive as they represent a form of compensation and a net increase in beneficial ownership, but do not signal new strategic moves or significant financial performance.

Positives

• The vesting of Restricted Stock Units indicates the fulfillment of long-term incentive compensation for management, aligning their interests with shareholders.
• The net effect of the reported transactions is an increase in Dan Binowitz's direct beneficial ownership of Class A Common Stock, demonstrating continued stake in the company.

Negatives

• Disposition of shares for tax withholding purposes, while a common practice for RSU vesting, reduces the total number of shares held by the insider.

Future Outlook

Remaining Restricted Stock Units held by Dan Binowitz are scheduled to vest on July 10, 2026, indicating future potential share acquisitions as part of his compensation plan.

Industry Context

NA

Stakeholder Impact

• Shareholders: The increase in direct beneficial ownership by a Managing Director could be viewed positively as it aligns management's interests with shareholders, although the tax-related sales are a common occurrence.

Next Steps

• Remaining Restricted Stock Units are scheduled to vest on July 10, 2026.

Key Dates

Recommendation

Keywords

loanDepot, LDI, Dan Binowitz, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Transactions, Beneficial Ownership, Class A Common Stock