DerGurahian Jeffrey Michael 4

What Happened

• Jeffrey Michael DerGurahian, Chief Investment Officer of loanDepot, recorded a conversion of 1,598,390 shares of Class C Common Stock into Class B Common Stock on February 11, 2026. The Form 4 shows matching "disposed" and "acquired" entries for 1,598,390 shares at $0.00, reflecting an automatic, non-cash corporate reclassification rather than a market buy or sale.

Key Details

• Transaction date: February 11, 2026. Report filed: February 13, 2026 (timely).
• Reported amounts: 1,598,390 shares converted; price per share recorded $0.00; total reported value $0.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: (F1) Class C shares automatically converted into Class B shares under the company's charter on Feb 11, 2026; (F2–F3) the reporting person discloses only an indirect interest via Trilogy Management Investors Seven, LLC and corrected prior reporting; (F4) Class B shares may be exchanged, together with corresponding LD Holdings Common Units, for Class A shares or cash under certain redemption provisions.
• Filing timeliness: The Form 4 was filed within the routine SEC timeframe (no late filing indicated).

Context

• This was a structural conversion of share classes tied to prior LD Holdings/IPO reorganization terms, not an insider purchase or open‑market sale. Such conversions are administrative and do not directly signal a buy or sell intent. The filing also notes the insider's indirect interest via an investment vehicle (Trilogy Seven) and clarifies prior reporting methodology and entity attribution.