Filing Details
- Accession Number:
- 0001831631-24-000214
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-08-29 19:52:47
- Reporting Period:
- 2024-08-28
- Accepted Time:
- 2024-08-29 19:52:47
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1831631 | Loandepot Inc. | LDI | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1655400 | Li Anthony Hsieh | C/O Loandepot, Inc. 6561 Irvine Center Dr. Irvine CA 92618 | Yes | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2024-08-28 | 152,794 | $2.87 | 2,237,666 | No | 4 | S | Indirect | By JLSSAA Trust |
| Class A Common Stock | Disposition | 2024-08-29 | 242,952 | $2.69 | 1,994,714 | No | 4 | S | Indirect | By JLSSAA Trust |
| Class C Common Stock | Disposition | 2024-08-29 | 2,000,000 | $0.00 | 4,614,521 | No | 4 | J | Indirect | By JLSSAA Trust |
| Class A Common Stock | Acquisiton | 2024-08-29 | 2,000,000 | $0.00 | 3,994,714 | No | 4 | C | Indirect | By JLSSAA Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By JLSSAA Trust |
| No | 4 | S | Indirect | By JLSSAA Trust |
| No | 4 | J | Indirect | By JLSSAA Trust |
| No | 4 | C | Indirect | By JLSSAA Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Common Units | Disposition | 2024-08-29 | 2,000,000 | $0.00 | 2,000,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,614,521 | No | 4 | C | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 89,566 | Direct | |
| Class C Common Stock | 48,945,633 | Indirect | By Trilogy Mortgage Holdings, Inc. |
| Class C Common Stock | 4,310,497 | Indirect | By JLSA, LLC |
| Class C Common Stock | 66,424,337 | Indirect | By Trilogy Management Investors Six, LLC |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Common Units | $0.00 | 66,424,337 | 66,424,337 | Indirect | ||
| Class A Common Stock | Common Units | $0.00 | 48,945,633 | 48,945,633 | Indirect | ||
| Class A Common Stock | Common Units | $0.00 | 4,310,497 | 4,310,497 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 66,424,337 | 66,424,337 | Indirect | |
| 48,945,633 | 48,945,633 | Indirect | |
| 4,310,497 | 4,310,497 | Indirect |
Footnotes
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.84 to $3.00. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 at which the respective transactions were affected.
- As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust").
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.60 to $2.85. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 at which the respective transactions were affected.
- In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("LD Holdings") Class A Common Units ("Common Units") equal to the number of Common Units held by such holders. Pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of LD Holdings, holders of Common Units may, subject to certain exceptions, from time to time require LD Holdings to redeem all or a portion of their Common Units (together with an equal number of shares of Class C Common Stock) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of Class A Common Stock, par value $0.001 ("Class A Common Stock") of the Issuer on a one-for-one basis or a cash payment equal to an average market price of one share of Class A Common Stock for each Common Unit so redeemed.
- The reporting person elected to cause JLSSAA Trust to exchange a portion of the Common Units held for their benefit by such entity for an equal number of shares of Class A Common Stock. The shares of Class C Common Stock corresponding to the Common Units that were exchanged for Class A Common Stock were cancelled for no consideration.
- The reporting person has voting and investment power over the shares of Class C Common Stock held by Trilogy Mortgage Holdings, Inc., JLSA, LLC and Trilogy Management Investors Six, LLC.
Billionaire Hedge Funds
