loanDepot (LDI) CDO Dominick Marchetti Exercises Derivatives, Withholds Shares

What Happened

• Marchetti Dominick Edilio, Chief Digital Officer of loanDepot (LDI), exercised/converted 48,790 derivative units on September 15, 2026. To satisfy tax withholding, 24,825 of those shares were surrendered at $0.73 per share (total value $18,167). After withholding, the transaction generated a net 23,965 shares for Marchetti.
• The filing shows conversion/exercise activity (transaction code M) and tax withholding (code F). One line in the Form 4 lists a $0.00 price for the derivative conversion, indicating a non-cash conversion rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-17 (timely filing).
• Shares converted/acquired: 48,790 derivative units.
• Shares withheld for taxes: 24,825 @ $0.73/share = $18,167 (tax withholding / net-share settlement).
• Net shares retained after withholding: 23,965 (48,790 − 24,825).
• Shares owned after the transaction: Not specified in the filing.
• Footnote: RSU note — each restricted stock unit (RSU) represents a contingent right to one share; those RSUs are scheduled to vest ratably on Sept 15, 2027 and Sept 15, 2028.

Context

• This appears to be a conversion/exercise with a net-share (share-withholding) settlement to cover tax obligations, a common non-market administrative step that does not necessarily indicate a bullish or bearish signal.
• For retail investors, exercises and tax-withholdings are routine insider actions; purchases are typically more informative about insider confidence than conversions or withholdings.