other material
confidence high
sentiment neutral
materiality 0.30
loanDepot converts all Class C and D shares to Class A and B common stock
loanDepot, Inc.
- Class C (1 vote per share) and Class D (10 votes per share) automatically converted into Class B and Class A shares respectively.
- As of Feb 11, 2026: 228,569,593 Class A shares and 106,207,433 Class B shares outstanding; no Class C or D outstanding.
- Conversion was mandatory under the company's amended certificate of incorporation dated Feb 11, 2021.
- Holders of Class A and Class B both get one vote per share, simplifying the voting structure.