Hayes David R 4

What Happened
David R. Hayes, CFO of loanDepot, had 117,021 performance stock units (PSUs) convert/vest on April 15, 2026, resulting in the acquisition of 117,021 shares. To satisfy tax withholding, 41,988 shares were surrendered at $1.55 per share, totaling $65,081, leaving a net delivery of 75,033 shares. The PSU vesting was recorded April 15 and settled April 16 due to an administrative processing delay.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (filed timely).
• Codes: M = exercise/conversion of derivative (PSU); F = payment of exercise price / tax withholding.
• Shares acquired (conversion): 117,021; shares withheld for taxes: 41,988 @ $1.55 = $65,081. Net shares delivered: ~75,033.
• Footnotes: PSUs vested 4/15/2026 and settled 4/16/2026 (tax price based on 4/15). Some RSUs/PSUs remain scheduled to vest on April 15, 2027.
• Shares owned after transaction: not specified in the provided filing.

Context
This was a conversion/settlement of equity awards with shares withheld to cover tax obligations (a routine, cashless-type settlement), rather than an open-market purchase or sale. Derivative-code (M) entries indicate exercise/conversion of award units; (F) indicates shares surrendered for tax withholding. Such withholding transactions are commonly administrative and do not by themselves signal insider sentiment.