PCP MANAGERS, L.P. 4

What Happened

• PCP Managers GP, LLC (reported as a 10% owner) converted/exercised 49,214 restricted stock units (RSUs) into 49,214 shares of loanDepot, Inc. (LDI) on 2026-05-29. The filing also shows a simultaneous disposition of the same 49,214 shares reported at $0.00. No cash proceeds are reported for the disposition.
• This is a derivative/RSU settlement event rather than an open-market buy or sale. It neither clearly signals a purchase nor a cash sale by the reporting entity; the reported $0.00 disposition is consistent with a net settlement or withholding transfer common with RSU settlements (see footnote F1).

Key Details

• Transaction date: 2026-05-29 (Form filed 2026-06-02; filing appears within the 2 business-day Form 4 window).
• Actions reported: Exercise/conversion of derivative (M) — 49,214 shares acquired; simultaneous disposition of 49,214 shares at $0.00.
• Price/Proceeds: Acquisition shown as N/A; disposition reported at $0.00 (no cash proceeds reported).
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes:
  • F1: RSUs convert to one share or cash at committee option.
  • F2: Reporting persons disclaim beneficial ownership except for pecuniary interests.
  • F3–F5: PCP Managers GP is general partner of PCP Managers, L.P. (affiliate of Parthenon Capital); the RSUs are held for the benefit of PCP Managers, L.P.; Messrs. Golson and Dodson serve as directors and disclaim direct rights in the RSUs; Mr. Golson oversees shares held of record by his father.
• Filing timeliness: Filed within the required reporting window (not marked late).

Context

• For retail investors: this filing documents an RSU conversion by an institutional/10% owner and the immediate disposition of the resulting shares. Such transactions often reflect net share settlement or tax-withholding mechanics for RSU settlements and do not necessarily indicate a discretionary sale for cash by an individual insider.