Smallwood Gregory 4

What Happened

• Gregory Smallwood, Chief Legal Officer of loanDepot, reported multiple equity award and derivative-conversion transactions settled March 16, 2026. The filing shows awards/vests totaling 408,804 RSU-type units (306,603 and 102,201) and a reported conversion/exercise of 118,613 derivative units. To cover tax withholding, 32,150 shares were withheld and reported as disposed at $1.56 per share, totaling $50,154. These were awards/settlements (not open-market purchases or discretionary sales).

Key Details

• Transaction date(s): March 16, 2026 (Form 4 filed March 18, 2026 — appears timely).
• Reported award/settlement items:
  • Grant/Award (A): 306,603 RSUs @ $0.00 (acquired)
  • Grant/Award (A): 102,201 RSUs @ $0.00 (acquired)
  • Exercise/Conversion (M): 118,613 derivative units (acquired; N/A price)
  • Exercise/Conversion (M): 118,613 derivative units (reported disposed at $0.00 — related derivative reporting)
  • Tax/payment withholding (F): 32,150 shares disposed @ $1.56 = $50,154 (to cover taxes)
• Shares owned following the transactions: not specified in the excerpts provided.
• Footnotes of note:
  • RSUs vested March 14 and were settled March 16 (footnote F1).
  • Some RSUs are time-based and vest in three equal annual installments starting March 14 or March 16 of subsequent years (F2, F3).
  • Some awards are performance RSUs that vest only if certain stock-price targets are met (F4).
• Filing timeliness: Reported on Mar 18 for a Mar 16 settlement—within the usual two-business-day Form 4 window.

Context

• These entries are primarily awards/settlements and derivative conversions. The 32,150-share disposal is a tax-withholding event (common when RSUs settle); it is not an open-market sale signaling a change in investment view. Performance RSUs will only convert to shares if specified price targets are achieved, per the footnote.