OZONIAN STEVEN 4

What Happened

• Steven Ozonian, a director of loanDepot (LDI), reported a conversion/exercise of derivative awards on 2026-02-27. The Form 4 shows 24,606 shares acquired via exercise/conversion (code M) and a matching disposal of 24,606 shares reported at $0.00. No cash sale price or cash proceeds are reported for the disposal.
• This appears to be a compensation-related conversion (RSUs into shares) rather than an open-market purchase or sale. The reported $0.00 disposal is commonly used when shares are withheld or surrendered to satisfy tax or withholding obligations rather than sold on the market.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (filed within the 2-business-day requirement).
• Acquired: 24,606 shares via exercise/conversion (derivative code M); Disposed: 24,606 shares at $0.00 (derivative).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnote F1: RSUs represent contingent rights to receive one share of Class A common stock (or, at the committee’s option, cash). Remaining RSUs are scheduled to vest on May 29, 2026.
• Transaction type: compensation-related conversion/settlement (not an open-market sale/purchase).

Context

• For retail investors: conversions of RSUs into shares and immediate withholding/surrender of shares for taxes are routine compensation events and do not necessarily indicate the insider’s view on the company’s stock price.
• Code M denotes exercise or conversion of a derivative; a $0.00 disposal often reflects company withholding of shares for tax purposes rather than a market sale.