Hayes David R 4

What Happened

• David R. Hayes, CFO of loanDepot, exercised/converted 267,397 derivative units (200,730 + 66,667) and was issued shares on March 16, 2026. He also received two awards of 518,867 RSUs each (totaling 1,037,734 RSUs) settled that day.
• To satisfy tax withholding, 98,827 shares were withheld (74,906 and 23,921) at $1.56 per share for total withholding of $154,170. No open-market sale of shares is reported; the exercises and RSU settlements were handled via conversion/settlement and share withholding.
• Transaction types reported: M = exercise/conversion of derivative, A = grant/award (RSUs), F = payment of exercise price or tax liability (share withholding).

Key Details

• Transaction date: March 16, 2026; filing date: March 18, 2026 (filed timely).
• Exercise/conversion totals: 267,397 derivative units exercised (200,730 and 66,667).
• RSUs granted/settled: two awards of 518,867 RSUs (1,037,734 total).
• Tax withholding: 98,827 shares withheld at $1.56/share = $154,170 (reported as dispositions under code F).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: RSUs represent contingent rights to receive one share at settlement; several RSU grants vest in three equal annual installments (with various commencement dates per footnotes), and some units may be performance-restricted, vesting only if stock-price targets are met.

Context

• This filing reflects exercises and RSU settlements with net share withholding for taxes (common when awards vest) rather than an open-market sale—so it does not indicate a discretionary sale for cash proceeds.
• For retail investors, awards and resultant withholding are typically routine administrative events when equity awards vest; purchases are generally more informative as bullish signals than routine vesting or tax-withholding sales.