[144] loanDepot, Inc. SEC Filing

Rhea-AI Filing Summary

loanDepot, Inc. Form 144 reports a proposed sale of 259,600 Class A shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $1,032,845 and an approximate sale date of 09/11/2025. The filing shows those shares were acquired in 2023 through restricted stock vesting as compensation (115,510 on 02/28/2023; 96,677 on 04/28/2023; 47,413 on 06/30/2023). The filer, identified in recent sales as Dan Binowitz, sold multiple tranches in August–September 2025 totaling 253,800 shares for gross proceeds of $792,420.51. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Securities were acquired via restricted stock vesting, indicating alignment of compensation with company performance
• Seller made multiple prior sales reported, which provides a transparent trading history rather than a single unexplained disposition

Negative

• Large insider selling: proposed sale of 259,600 shares with prior sales of 253,800 shares in the past month
• Filing lacks explicit 10b5-1 plan adoption date, reducing clarity on whether sales are pre-planned or opportunistic

Insights

Financial Analyst

TL;DR: Significant insider selling but shares stem from recent restricted stock vesting; market impact depends on context and company size.

The filing discloses a proposed 259,600-share sale and prior sales of 253,800 shares in the prior month, indicating ongoing liquidity events by the named insider. Because the securities were acquired as compensation via restricted stock vesting in 2023, these are not open-market purchases being monetized shortly after acquisition, which can be routine for employees or executives seeking diversification or tax liquidity. Without additional company-level context (outstanding float, recent price trends, or material company events), this disclosure appears as a personal liquidity action rather than an explicit signal of company distress.

Corporate Governance Expert

TL;DR: Repeated insider sales in a short period raise governance and signaling questions for investors.

The concentration of multiple sales by the same individual over consecutive days and the new proposed block could attract investor attention. From a governance perspective, patterns of frequent insider disposition merit monitoring of the insider's trading plan status and whether sales follow pre-established 10b5-1 plans. The filing includes the standard certification denying undisclosed material adverse information, but it does not state a trading-plan adoption date. Absence of that detail reduces transparency and increases the perceived risk of negative signaling to the market.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	259600	1032845.00	112351102	09/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	02/28/2023	Restricted Stock Vesting	Issuer			115510	02/28/2023	Compensation
Class A	04/28/2023	Restricted Stock Vesting	Issuer			96677	04/28/2023	Compensation
Class A	06/30/2023	Restricted Stock Vesting	Issuer			47413	06/30/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Dan Binowitz 6561 Irvine Center Drive Irvine CA 92618	Class A	08/14/2025	35000	69327.95
Dan Binowitz 6561 Irvine Center Drive Irvine CA 92618	Class A	09/05/2025	100000	257117.67
Dan Binowitz 6561 Irvine Center Drive Irvine CA 92618	Class A	09/08/2025	39600	153499.50
Dan Binowitz 6561 Irvine Center Drive Irvine CA 92618	Class A	09/09/2025	19800	66592.35
Dan Binowitz 6561 Irvine Center Drive Irvine CA 92618	Class A	09/10/2025	59400	214883.54

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does loanDepot's (LDI) Form 144 disclose about the proposed sale?

The Form 144 reports a proposed sale of 259,600 Class A shares via Fidelity on the NYSE with an aggregate market value of $1,032,845 and approximate sale date 09/11/2025.

Who is the seller named on the filing and what recent sales were reported?

The filing identifies Dan Binowitz as the seller and lists prior sales in Aug–Sep 2025 totaling 253,800 shares for gross proceeds of $792,420.51.

How were the shares acquired that are being sold according to the filing?

The shares were acquired as restricted stock vesting in 2023: 115,510 on 02/28/2023, 96,677 on 04/28/2023, and 47,413 on 06/30/2023, and were recorded as compensation.

Does the Form 144 state whether the seller is under a 10b5-1 trading plan?

The filing contains the standard representation regarding material information but does not provide a 10b5-1 plan adoption date or explicit confirmation of a trading plan in the remarks.

What investor implications are noted in the filing for LDI shareholders?

The filing documents notable insider liquidity but provides no company-specific operational or financial disclosures; investors should note scale and timing of insider sales as part of overall information flow.