[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Li Hsieh, Executive Chair, CEO and President of loanDepot, Inc. (LDI), reported insider dispositions on 08/20/2025. The filing shows two disposals of Class A common stock: 243 shares sold at $2.00 and a separate disposition of 119,071 shares. After the reported sale(s), the filing lists 8,782,222 Class A shares beneficially owned indirectly through the JLSSAA Trust, where Mr. Hsieh serves as trustee and has voting and investment power. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on November 20, 2024. The form is signed by an attorney-in-fact on behalf of Mr. Hsieh.

Positive

• Transactions were executed under a Rule 10b5-1 plan, indicating pre-arranged and documented trading activity.
• Filing discloses trustee relationship (JLSSAA Trust) and that Mr. Hsieh has voting and investment power, adding clarity to control structure.

Negative

• Insider disposed of shares: 243 shares sold at $2.00 and a separate disposition of 119,071 shares were reported.
• Reduction in beneficial holdings reported, with 119,071 shares disposed which may be material depending on total outstanding shares.

Insights

Corporate Governance Expert

TL;DR: Insider reported planned sales under a 10b5-1 plan, preserving compliance while reducing direct holdings.

The disclosure shows dispositions executed under a documented Rule 10b5-1 trading plan adopted in November 2024, which indicates pre-arranged transactions rather than opportunistic trading. Reporting the trustee relationship clarifies that the majority of beneficial ownership is held indirectly through the JLSSAA Trust, where Mr. Hsieh retains voting and investment power as trustee. The filing is routine in governance terms but important for transparency about insider intent and control structure.

Securities Analyst

TL;DR: Reported disposals are specific but represent a small fraction of disclosed beneficial holdings.

The form lists a sale of 243 shares at $2.00 and a disposition of 119,071 shares, leaving 8,782,222 Class A shares beneficially owned indirectly. The sizes disclosed are explicit; the larger 119,071-share disposition should be measured against total outstanding shares to assess impact, but within this filing it appears as a reported reduction of holdings. Use of a 10b5-1 plan reduces ambiguity about timing and intent.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hsieh Anthony Li

(Last) (First) (Middle)

C/O LOANDEPOT, INC.

6561 IRVINE CENTER DR.

(Street)

IRVINE CA 92618

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
loanDepot, Inc. [ LDI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chair, CEO & Pres.

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/20/2025		S(1)		243	D	$2	8,782,222	I	By JLSSAA Trust(2)
Class A Common Stock								119,071	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2024.

2. As trustee, Anthony Hsieh has voting and investment power over the assets of the JLSSAA Trust.

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Anthony Li Hsieh report in the Form 4 for LDI?

He reported dispositions of Class A common stock: 243 shares sold at $2.00 on 08/20/2025 and a separate disposition of 119,071 shares; beneficial ownership after the transactions is listed as 8,782,222 shares indirectly.

Were the transactions part of a 10b5-1 plan for LDI insider trades?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 20, 2024.

What is the relationship between Mr. Hsieh and the JLSSAA Trust in the LDI Form 4?

Mr. Hsieh is trustee and has voting and investment power over the assets of the JLSSAA Trust, which holds Class A shares reported as indirectly beneficially owned.

Who signed the Form 4 for Anthony Li Hsieh?

The form was signed by Greg Smith as attorney-in-fact for Anthony Li Hsieh, with the signature dated 08/21/2025.

What date were the reported transactions executed?

The transaction date shown is 08/20/2025.