Lee John Hoon 4

What Happened

• Lee John Hoon, a director of loanDepot, reported the exercise/conversion of 24,607 derivative units (transaction code M) on May 29, 2026. The filing records 24,607 shares as "acquired" by conversion and the same 24,607 shares as "disposed" at $0.00 (derivative), indicating conversion/settlement of RSUs rather than a market sale. No sale proceeds are reported.

Key Details

• Transaction date: 2026-05-29 (filed with the SEC on 2026-06-02; filing appears to be within the required two business days)
• Transaction type/code: Exercise/conversion of derivative (M)
• Shares involved: 24,607 shares acquired by conversion; 24,607 shares shown disposed at $0.00 (derivative)
• Shares owned after transaction: Not listed in the provided filing
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share of Class A common stock (or cash at the Compensation Committee's option) at settlement.
  • F2: The filing includes an ownership/control note for Bluestar Family Holdings LP (reporting person has voting/investment power over that entity), which may relate to other reported interests in the filing.

Context

• This appears to be a routine settlement/conversion of restricted stock units (RSUs) into common shares rather than an open-market purchase or sale. Because no cash proceeds or sale price are reported, it does not indicate an immediate sale for cash. Routine exercises/conversions and RSU settlements are common for executives and directors and do not by themselves signal a buy or sell decision.