[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Li Hsieh, Executive Chair, CEO & President of loanDepot, Inc. (LDI), reported the sale of 1,350,000 shares of Class A common stock on 09/15/2025. The sales were effected under a Rule 10b5-1 trading plan adopted on November 20, 2024, and the reported weighted-average price was $4.6128, with individual trades ranging from $4.315 to $4.785. After the reported transactions, the filing shows beneficial ownership of 143,677 shares held indirectly through The JLSSAA Trust, for which Mr. Hsieh is trustee and has voting and investment power. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Hsieh.

Positive

• Transaction executed under a documented Rule 10b5-1 plan, indicating pre-arranged compliance with insider trading rules
• Full disclosure of price range ($4.315 to $4.785) and weighted-average price ($4.6128) for the sold shares

Negative

• Large insider sale of 1,350,000 Class A shares, which materially reduces the reporting person’s direct holdings
• Post-transaction beneficial ownership decreased to 143,677 shares (indirect), indicating a significant reduction in reported holdings

Insights

Financial Analyst

TL;DR: Insider sold 1.35M LDI shares under a pre-established 10b5-1 plan; remaining indirect holdings are 143,677 shares.

The transaction is a clear insider disposition carried out under a documented Rule 10b5-1 plan, which reduces the reporting person’s economic exposure by 1,350,000 shares at a weighted-average price of $4.6128. The filing explicitly states the price range ($4.315–$4.785) and the plan adoption date (November 20, 2024). For investors, this is a factual disclosure of insider sales rather than forward-looking guidance; its materiality depends on LDI’s outstanding share count and market context, which are not provided in this Form 4.

Corporate Governance Expert

TL;DR: Sale executed under a 10b5-1 plan demonstrates procedural compliance; trustee role retains indirect control of remaining shares.

The Form 4 documents compliance with Rule 10b5-1 by identifying the plan adoption date and disclosing aggregate sale details. It also clarifies that Mr. Hsieh, as trustee of The JLSSAA Trust, retains voting and investment power over 143,677 indirectly held shares. The filing is procedurally complete and signed by an attorney-in-fact, meeting SEC reporting requirements; it does not disclose motives or broader governance changes.

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)
09/15/2025

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	09/15/2025		S(1)		1,350,000	D	$4.6128(2)	0	I	By JLSSAA Trust(3)
Class A Common Stock								143,677	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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.315 to $4.785. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing within the ranges set forth in this footnote of this Form 4 at which the respective transactions were affected.

3. As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust").

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh	09/16/2025
	** 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 shares did Anthony Li Hsieh sell according to the Form 4 for LDI?

He sold 1,350,000 Class A common shares on 09/15/2025 as reported on the Form 4.

At what price were the LDI shares sold by Anthony Li Hsieh?

The weighted-average price was $4.6128, with individual trade prices ranging from $4.315 to $4.785.

Was the sale by Anthony Li Hsieh part of a trading plan?

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

How many LDI shares does Anthony Li Hsieh beneficially own after the reported transaction?

143,677 shares are reported as beneficially owned indirectly through The JLSSAA Trust.

What is Anthony Li Hsieh’s relationship to loanDepot (LDI)?

He is Executive Chair, CEO & President, a director, and a reported 10% owner as stated on the Form 4.