LDI Files 4 with SEC
Rhea-AI Filing Summary
loanDepot, Inc. insider Anthony Hsieh, who serves as Executive Chair, CEO, President and a 10% owner, reported an internal equity exchange. On 12/21/2025, he elected to exchange 1,300,000 Common Units of LD Holdings Group LLC for 1,300,000 shares of Class A Common Stock of loanDepot, effective as of January 1, 2026, at a stated price of $0 per share in the table. The related 1,300,000 shares of Class C Common Stock tied to those units were cancelled for no consideration. After the transaction, Hsieh continues to hold substantial indirect positions, including 24,945,633 Class C shares through Trilogy Mortgage Holdings, Inc., 4,310,497 Class C shares via JLSA, LLC, 66,404,880 Class C shares via Trilogy Management Investors Six, LLC, and both 1,300,000 Class A shares and 3,114,521 Class C shares through the JLSSAA Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Units | 1,300,000 | $0.00 | -- |
| Other | Class C Common Stock | 1,300,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,300,000 | $0.00 | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
Footnotes (1)
- In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("LD Holdings") Class A Common Units ("Common Units") equal to the number of Common Units held by such holders. Pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of LD Holdings, holders of Common Units may, subject to certain exceptions, from time to time require LD Holdings to redeem all or a portion of their Common Units (together with an equal number of shares of Class C Common Stock) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of Class A Common Stock, par value $0.001 ("Class A Common Stock") of the Issuer on a one-for-one basis or a cash payment equal to an average market price of one share of Class A Common Stock for each Common Unit so redeemed. The transaction date is the date the Reporting Person elected to make the exchange described in footnotes 1 and 3, which exchange will occur effective as of January 1, 2026. The reporting person elected to cause Trilogy Mortgage Holdings, Inc. to exchange a portion of the Common Units held for the reporting person's benefit by such entity for an equal number of shares of Class A Common Stock. The shares of Class C Common Stock corresponding to the Common Units that were exchanged for Class A Common Stock were cancelled for no consideration. The reporting person has voting and investment power over the shares of Class C Common Stock held by Trilogy Mortgage Holdings, Inc., JLSA, LLC and Trilogy Management Investors Six, LLC. As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust").
