LEPORE DAWN G 4
4 · loanDepot, Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
loanDepot (LDI) Director Dawn Lepore Converts 147,130 Class C to Class B
What Happened
- Dawn G. Lepore, a director of loanDepot, recorded a conversion of derivative securities on Feb 11, 2026: 147,130 shares reported as disposed and 147,130 shares reported as acquired, both at $0.00. The paired disposition/acquisition reflects an automatic conversion of the issuer's Class C Common Stock into Class B Common Stock as part of the issuer's corporate reorganization tied to its IPO.
Key Details
- Transaction date: 2026-02-11; report filed: 2026-02-13 (filed within the usual 2‑business‑day reporting window).
- Reported amounts: 147,130 shares disposed and 147,130 shares acquired; transaction price: $0.00 (non‑cash conversion).
- Transaction code: C (conversion of derivative/security).
- Shares owned after transaction: not specified in the excerpted filing.
- Footnote highlights:
- F1: Class C shares issued to LD Holdings unitholders automatically converted into Class B shares on Feb 11, 2026.
- F2: Lepore discloses an indirect interest in a portion of these securities through Trilogy Management Investors Six, LLC and disclaims beneficial ownership of other Trilogy Six holdings.
- F3: Class B shares may later be converted, together with corresponding LD Holdings Common Units, into Class A common stock on a one‑for‑one basis or redeemed for cash at the issuer's election.
Context
- This was an automatic, non‑cash conversion between share classes tied to the company's capitalization structure following its IPO—not a market buy or sale that signals a cash investment or divestment by the insider.
- Such conversions are administrative/corporate actions; they change the class of shares held and potential future conversion/redemption paths but do not by themselves indicate insider confidence or selling intent.
Insider Transaction Report
Form 4
LEPORE DAWN G
Director
Transactions
- Conversion
Class C Common Stock
[F1][F2]2026-02-11−147,130→ 0 total(indirect: By LLC) - Conversion
Class B Common Stock
[F1][F2]2026-02-11+147,130→ 147,130 total(indirect: By LLC)
Holdings
- 147,130(indirect: By LLC)
Common Units
[F1][F3][F2]→ Class A Common Stock (147,130 underlying)
Footnotes (3)
- [F1]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 Issuer's Amended and Restated Certificate of Incorporation, dated February 11, 2021, each outstanding share of Class C Common Stock, automatically and without further action on the part of the Issuer or the Reporting Person, converted into one fully paid and non-assessable share of Class B Common Stock, par value $0.001 ("Class B Common Stock"), on February 11, 2026. Shares of Class B Common Stock may be converted, together with the corresponding Common Units, for shares of the Issuer's Class A Common Stock, par value $0.001 ("Class A Common Stock") as described in footnote 3.
- [F2]The Reporting Person has an indirect interest in a portion of the securities of the Class B Common Stock and the Common Units held by Trilogy Management Investors Six, LLC ("Trilogy Six"). The Reporting Person is disclosing only her indirect interest in these securities and disclaims beneficial ownership of all other securities held by Trilogy Six.
- [F3]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 B 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 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.
Signature
/s/ Greg Smith, as Attorney-in-Fact for Dawn G. Lepore|2026-02-13