LDI insider sale notice: 260,632 Class A shares, $1.18M value
Rhea-AI Filing Summary
Form 144 notice for loanDepot, Inc. (LDI) reports a proposed sale of 260,632 Class A shares through Merrill Lynch on the NYSE with an approximate aggregate market value of $1,178,056.64. The shares to be sold were acquired in a private placement from the issuer on 12/30/2009 and the planned sale date is 09/16/2025.
The filing also discloses related sales during the prior three months: PCAP Partners III, LLC sold 661,264 common shares for $2,995,259.43 and PCP Partners IV, L.P. sold 56,023 common shares for $253,761.61 on 09/15/2025. The filer certifies they are unaware of any undisclosed material adverse information about the issuer.
Positive
- Regulatory compliance: The filer provided a timely Rule 144 notice with broker, share count, and planned sale date disclosed.
- Transparency of past sales: The filing lists recent related-party sales (661,264 and 56,023 shares) with gross proceeds, aiding market transparency.
Negative
- Insider-related selling: Related entities sold a combined 717,287 shares in the prior three months, which could be viewed negatively by some investors.
- Limited issuer details: The filing omits issuer contact and some identifying fields, reducing contextual information about the transactions.
Insights
TL;DR: Routine Rule 144 disclosure of insider-related sales; total recent sales are modest versus outstanding shares.
The filing is a standard Rule 144 notice documenting a proposed sale of 260,632 Class A shares valued at about $1.18M. The shares were originally acquired in a private placement on 12/30/2009. Reported related-party sales on 09/15/2025 total 717,287 shares with gross proceeds of approximately $3.25M. Against the reported 112,351,102 shares outstanding, these transactions represent a small fraction of total capitalization, suggesting limited immediate dilution or market impact based on quantities alone.
TL;DR: Filing shows compliance with disclosure rules; multiple affiliated entities have recently sold shares.
This Form 144 fulfills required insider-sale disclosure by identifying broker (Merrill Lynch), sale timing (09/16/2025 planned), and acquisition origin (private placement in 2009). The filing includes the signer’s representation that no undisclosed material adverse information exists. The presence of several affiliated sellers in the prior three months is notable from a governance and insider-transaction transparency perspective, though the filing does not provide motives or any change in control information.