loanDepot CIO Jeffrey DerGurahian Converts and Disposes 1.6M Shares

What Happened Jeffrey Michael DerGurahian, Chief Investment Officer of loanDepot, recorded conversion and disposition transactions involving 1,598,390 shares on 2026-09-23. The filing shows a conversion of a derivative security for 1,598,390 shares at $0.00 (acquired) and corresponding dispositions recorded at $0.00 (including an "other disposition" entry). No cash changed hands in these entries — they reflect corporate reorganization and unit-for-share conversions rather than open-market sales.

Key Details

• Transaction date: 2026-09-23; Form 4 filed 2026-09-24 (filed one day after the transaction, within the typical reporting window).
• Reported shares involved: 1,598,390 shares (conversion and corresponding dispositions), all recorded at $0.00 (no cash proceeds).
• Shares owned after the transaction: not explicitly stated in the filing. The reporting person disclaims beneficial ownership of certain securities held by Trilogy Seven after the conversion (see footnote F4).
• Notable footnotes:
  • F1/F3: These actions are part of an IPO-related reorganization where LD Holdings common units and Class C/Common B shares convert or exchange into Class A common stock; certain Class B shares tied to exchanged units were cancelled for no consideration.
  • F2: The reporting person elected the exchange on 9/23/2026; the exchange is effective as of 10/01/2026.
  • F5: DerGurahian is managing member of CDG Financial LLC and disclaims beneficial ownership of LDI shares held by that entity except for his pecuniary interest.
  • F6: LD Holdings LLC agreement allows unit holders to require redemption for Class A shares or cash under certain conditions.
• Filing timeliness: Reported promptly (filed the next day).

Context These entries are derivative conversions and corporate reorganizations tied to loanDepot’s IPO structure (Class C → Class B → exchange for Class A or cancellation), which is why the per-share amount is $0.00 — this is not an open-market sale or purchase. For retail investors, conversions/cancellations like this are administrative/capital-structure events and do not themselves signal a cash buy or sell intent by the insider.