loanDepot (LDI) CEO exchanges 2,000,000 Class C for Class A
loanDepot (LDI) Form 4: Executive Chair, CEO, President and Director Anthony Hsieh reported an exchange tied to the company’s IPO structure.
Rhea-AI Filing Summary
loanDepot (LDI) Form 4: Executive Chair, CEO, President and Director Anthony Hsieh reported an exchange tied to the company’s IPO structure. On 10/20/2025, he disposed of 2,000,000 shares of Class C Common Stock at $0 indirectly via Trilogy Mortgage Holdings, Inc., and acquired 2,000,000 shares of Class A Common Stock at $0 indirectly via the JLSSAA Trust. The filing states the exchange will be effective as of November 1, 2025. The related Class C shares corresponding to the exchanged units were cancelled for no consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,000,000 shares exercised/converted
Exercise
10 txns
Insider
Hsieh Anthony Li
Role
Executive Chair, CEO & Pres.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Units | 2,000,000 | $0.00 | $0.00 |
| Other | Class C Common Stock | 2,000,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 2,000,000 | $0.00 | $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 | -- | -- | -- |
Holdings After Transaction:
Common Units — 28,545,633 contracts (Indirect, Trilogy Mortgage Holdings, Inc.);
Class C Common Stock — 28,545,633 shares (Indirect, By Trilogy Mortgage Holdings, Inc.);
Class A Common Stock — 2,000,000 shares (Indirect, By JLSSAA Trust);
Common Units — 4,310,497 contracts (Indirect, By JLSA, LLC);
Common Units — 66,404,880 contracts (Indirect, By Trilogy Management Investors Six, LLC);
Common Units — 3,114,521 contracts (Indirect, By JLSSAA Trust);
Class A Common Stock — 143,677 shares (Direct);
Class C Common Stock — 3,114,521 shares (Indirect, By JLSSAA Trust);
Class C Common Stock — 4,310,497 shares (Indirect, By JLSA, LLC);
Class C Common Stock — 66,404,880 shares (Indirect, By Trilogy Management Investors Six, LLC)
Footnotes (5)
- F1. 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.
- F2. 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 November 1, 2025.
- F3. 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.
- F4. 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.
- F5. As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust").
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LDI’s Anthony Hsieh report on this Form 4?
He reported an exchange: disposing of 2,000,000 Class C shares at $0 and acquiring 2,000,000 Class A shares at $0.
When is the exchange effective?
The filing states the exchange will occur effective as of November 1, 2025.
What entities are listed for indirect ownership?
Transactions reference Trilogy Mortgage Holdings, Inc. and the JLSSAA Trust; other indirect holdings include JLSA, LLC and Trilogy Management Investors Six, LLC.
What was the transaction price?
Both the disposal and acquisition were reported at $0, reflecting the exchange mechanics.
What roles does Anthony Hsieh hold at loanDepot (LDI)?
He is listed as Director, 10% Owner, and Executive Chair, CEO & President.
AI-generated analysis. How Rhea-AI works. Not financial advice.
