Form 4: loanDepot President Converts Class C Shares to Class A Stock

Jeff Alexander Walsh, President of LDI Mortgage, has elected to convert 17,613 shares of Class C Common Stock and Common Units into Class A Common Stock of loanDepot, Inc.

Summary

• Jeff Alexander Walsh, President of LDI Mortgage at loanDepot, Inc. (LDI), elected on July 24, 2025, to exchange 17,613 shares of Class C Common Stock and an equal number of Common Units for Class A Common Stock.
• The exchange will occur effective as of September 1, 2025.
• The Class C Common Stock corresponding to the exchanged Common Units was cancelled for no consideration.
• The transaction involved the indirect beneficial ownership held by Mr. Walsh through Trilogy Management Investors Seven, LLC.
• Following the conversion, Mr. Walsh will directly own 4,120,850 shares of Class A Common Stock and will no longer have an interest in the exchanged securities held by Trilogy Management Investors Seven, LLC.
• The securities involved in this exchange were fully vested on June 1, 2025.

Sentiment

Score: 6

Explanation: The filing reports an executive's conversion of Class C Common Stock and Common Units into Class A Common Stock, which simplifies the executive's equity holdings and increases liquidity. This is generally a neutral to slightly positive event for the individual, with no direct negative implications for the company's operational performance.

Positives

• The conversion simplifies the executive's equity holdings by consolidating them into Class A Common Stock.
• The Class A Common Stock is generally more liquid than Class C Common Stock or Common Units.
• The underlying securities involved in the exchange were fully vested prior to the transaction election date.

Related Party Transactions

• Jeff Alexander Walsh, President of LDI Mortgage, indirectly held interests in Class C Common Stock and Common Units through Trilogy Management Investors Seven, LLC, which were part of the exchange.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as this is an internal equity restructuring for an executive.

Next Steps

• The exchange of Class C Common Stock and Common Units for Class A Common Stock will become effective on September 1, 2025.

Key Dates

Keywords

loanDepot, LDI, Jeff Alexander Walsh, Insider Transaction, Form 4, Stock Conversion, Class A Common Stock, Class C Common Stock, Common Units, Executive Compensation, Equity Holdings