loanDepot (LDI) Chief Legal & Risk Officer Grassi Receives 31,250 RSU Shares

What Happened

• Joseph J. Grassi III, Chief Legal & Risk Officer of loanDepot (LDI), had restricted stock units (RSUs) vest and settle on Sept 14, 2026. The settlement converted 31,250 RSU units into 31,250 shares of Class A common stock.
• To cover tax withholding, 14,094 of those shares were withheld at $0.83 per share, for a withholding value of $11,745. The net shares received by Grassi were 17,156 (31,250 settled − 14,094 withheld).
• This was not an open-market purchase or sale of existing stock but the settlement of equity awards (derivative conversion and tax withholding).

Key Details

• Transaction date: 2026-09-14 (RSUs vested Sept 12; settled Sept 14 per footnote).
• Reported in Form 4 filed 2026-09-16 (filed within the typical 2-business-day window).
• Actions reported: M = conversion/exercise of derivative (RSUs settled into 31,250 shares); F = tax withholding of 14,094 shares @ $0.83 each = $11,745.
• Net shares received: 17,156. Shares owned after transaction: not specified in this filing.
• Footnote: Each RSU converts to one share of Class A common stock; RSUs vested Sept 12 and settled Sept 14.

Context

• This is an equity award settlement, not a market purchase or sale — a common form of insider compensation. The withholding is a routine tax payment and does not necessarily signal a personal buy/sell decision.
• For clarity: the derivative conversion (M) reflects RSUs becoming common shares; the withholding (F) is the company retaining shares to pay taxes (a “cashless” tax withholding via share retention).