Sec Form 4 Filing - PCP MANAGERS GP, LLC @ loanDepot, Inc. - 2024-02-29

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
PCP MANAGERS GP, LLC
2. Issuer Name and Ticker or Trading Symbol
loanDepot, Inc. [ LDI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
FOUR EMBARCADERO CENTER, SUITE 3610
3. Date of Earliest Transaction (MM/DD/YY)
02/29/2024
(Street)
SAN FRANCISCO, CA94111
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 02/29/2024 M 29,342 A $ 0 4,116,815 I See Footnotes ( 1 ) ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 3 ) 02/29/2024( 4 ) M 29,342 ( 3 ) ( 3 ) Class A Common Stock 29,342 $ 0 29,344 I See Footnotes ( 1 ) ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PCP MANAGERS GP, LLC
FOUR EMBARCADERO CENTER
SUITE 3610
SAN FRANCISCO, CA94111
X X
PCP MANAGERS, L.P.
FOUR EMBARCADERO CENTER
SUITE 3610
SAN FRANCISCO, CA94111
X X
Golson Brian P.
FOUR EMBARCADERO CENTER
SUITE 3610
SAN FRANCISCO, CA94111
X
Dodson Andrew C
FOUR EMBARCADERO CENTER
SUITE 3610
SAN FRANCISCO, CA94111
X
Signatures
/s/ Denise Apicella, as Attorney-in-Fact for Brian Golson 03/01/2024
Signature of Reporting Person Date
/s/ Denise Apicella, as Attorney-in-Fact for Andrew Dodson 03/01/2024
Signature of Reporting Person Date
/s/ Denise Apicella, as Attorney-in-Fact for David Ament 03/01/2024
Signature of Reporting Person Date
/s/ Denise Apicella, as Attorney-in-Fact for Joseph Taveira, Chief Financial Officer of PCP Managers GP, LP and PCP Managers L.P. 03/01/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.
( 2 )PCP Managers GP, LLC is the general partner of PCP Managers, L.P, an affiliate of Parthenon Capital Partners ("Parthenon Capital"). The Directors serve as directors of loanDepot, Inc. (the "Issuer"). Mr. Golson is the Co-CEO and Managing Partner at Parthenon Capital and Mr. Dodson is a Managing Partner at Parthenon Capital. PCP Managers GP, LLC and certain of the Reporting Persons' affiliates may be deemed to be a director by deputization of the Issuer.
( 3 )Pursuant to the Assignment and Acknowledgement Agreements, dated as of May 6, 2021, Messrs. Golson and Dodson (the "Directors") hold the Restricted Stock Units ("RSUs") for the benefit of PCP Managers, L.P. and disclaim all right, title and interest in the RSUs. As per the Restricted Stock Unit Award Agreement dated November 6, 2023, and subject to the applicable Director's continued service, the remaining RSUs will vest on May 31, 2024. Vested RSUs will be settled within 30 days following the vesting date. Each RSU represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock.
( 4 )In accordance with the terms of the RSU agreement, RSUs that vested on February 28, 2024, were settled on February 29, 2024.

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