Grassi Joseph J III 4

What Happened

• Joseph J. Grassi III, Chief Legal & Risk Officer of loanDepot, received an award of 44,247 restricted stock units (RSUs) on 2026-06-15. The reported acquisition price is $0.00 (typical for RSU grants); no cash changed hands at grant.
• This is an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely filing).
• Award: 44,247 RSUs; reported acquisition price: $0.00.
• Vesting: RSUs vest ratably on June 15 of 2027, 2028, and 2029 (per filing footnote).
• Shares owned after transaction: not specified in this filing.
• Filing appears timely (reported the day after the grant); no 10b5-1 plan, tax withholding, or cashless exercise indicated.

Context

• RSUs are a contingent right to receive shares at settlement; each RSU here represents one share of Class A common stock when vested and settled.
• This is a compensation award (common for executives) rather than a market signal like a purchase or sale; its ultimate value depends on loanDepot's future share price at vesting.