DerGurahian Jeffrey Michael 4
4 · loanDepot, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
loanDepot (LDI) CIO Jeffrey DerGurahian Converts PSUs; 17,270 Shares Withheld
What Happened
Jeffrey Michael DerGurahian, Chief Investment Officer of loanDepot (LDI), had performance stock units (PSUs) vest and convert into 70,922 shares on April 15, 2026 (settled April 16 due to processing). To satisfy tax withholding obligations, 17,270 of those shares were surrendered at $1.55 per share, generating $26,769 in withholding value. The conversion entries show $0.00 proceeds for the converted derivative shares (these reflect conversion/settlement, not an open-market sale).
Key Details
- Transaction dates: PSUs vested April 15, 2026; settlement recorded April 16, 2026; Form 4 filed April 17, 2026 (within normal 2‑business‑day filing window).
- Conversion: 70,922 shares acquired via derivative conversion (code M).
- Tax withholding: 17,270 shares disposed/surrendered (code F) at $1.55 per share = $26,769 withheld. Tax-withholding price based on April 15, 2026 per filing.
- Shares owned after transaction: not specified in the provided filing data.
- Notable footnotes: F2 explains settlement delay (vested 4/15, settled 4/16); F1/F3 describe remaining RSUs/PSUs scheduled to vest on April 15, 2027; F4 notes the reporting person’s role with CDG Financial LLC and disclaimer of beneficial ownership for shares held by that entity.
Context
This was a vesting/settlement of equity awards (PSUs) rather than an open-market sale or discretionary purchase. The surrender of shares to cover taxes (common "share withholding" or cashless settlement practice) should not be interpreted as a bearish sale — it’s a routine tax-withholding action following award settlement.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-15+70,922→ 1,281,302 total - Tax Payment
Class A Common Stock
2026-04-15$1.55/sh−17,270$26,769→ 1,264,032 total - Exercise/Conversion
Class A Common Stock
[F2][F3]2026-04-15+70,922→ 1,334,954 total - Tax Payment
Class A Common Stock
[F2]2026-04-15$1.55/sh−17,270$26,769→ 1,317,684 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-15−70,922→ 70,922 total→ Class A Common Stock (70,922 underlying) - Exercise/Conversion
Performance Share Units
[F3][F2]2026-04-15−70,922→ 70,922 total→ Class A Common Stock (70,922 underlying)
- 5,842,969(indirect: By LLC)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock. The remaining RSUs are scheduled to vest on April 15, 2027.
- [F2]The PSUs vested on April 15, 2026, and settled on April 16, 2026, due to an administrative processing delay. The tax-withholding price was based on April 15, 2026.
- [F3]Each performance stock unit ("PSU") granted on April 15, 2024, represented a contingent right to receive one share of Class A Common Stock upon LDI achieving one fiscal quarter of positive adjusted net income. The remaining PSUs are scheduled to vest on April 15, 2027.
- [F4]The Reporting Person is the Managing Member of CDG Financial LLC. The Reporting Person disclaims beneficial ownership of the LDI shares held by CDG Financial LLC except to the extent of his pecuniary interest therein.