loanDepot, Inc. 8-K

What Happened

• loanDepot, Inc. filed an 8-K (Item 8.01) reporting that, pursuant to its Amended and Restated Certificate of Incorporation (dated Feb 11, 2021), each outstanding share of Class C and Class D common stock automatically converted into Class B and Class A common stock, respectively, without any action required by the company or holders. The conversion was effective as of February 11, 2026. After the conversion, there are no Class C or Class D shares outstanding.

Key Details

• Conversion effective date: February 11, 2026.
• Shares outstanding after conversion: 228,569,593 shares of Class A common stock.
• Shares outstanding after conversion: 106,207,433 shares of Class B common stock.
• Voting rights: Holders of Class A and Class B common stock are entitled to one vote per share on matters submitted to stockholders.

Why It Matters

• The filing confirms a completed simplification of loanDepot’s capital structure by eliminating Class C and Class D share classes and reporting current outstanding counts for Class A and Class B shares. For investors, updated share counts and the one-vote-per-share disclosure are important for calculating ownership percentages, voting power, and per-share metrics (e.g., earnings per share) going forward.