[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Hsieh, Executive Chair, CEO & President of loanDepot, Inc. (LDI), reported insider sales under a Rule 10b5-1 plan. The Form 4 shows sales on 08/26/2025 totaling 173,124 Class A shares at a weighted average price of $2.025, reducing beneficial ownership to 10,407,792 shares (indirectly held via the JLSSAA Trust). Additional sales on 08/27/2025 disposed of 807,385 Class A shares at a weighted average price of $2.057, with a remaining reported total of 9,600,407 Class A shares indirectly held. The filing states the transactions were effected pursuant to a 10b5-1 plan adopted on November 20, 2024, and discloses weighted price ranges for the multiple trades.

Positive

• Transactions effected under a Rule 10b5-1 plan, indicating the sales were pre-planned
• Detailed disclosure of weighted average price ranges with an undertaking to provide specific trade-level amounts on request
• Clear reporting of roles and indirect ownership (trustee status over JLSSAA Trust)

Negative

• Significant number of Class A shares sold (980,509 shares reported across two days), reducing indirect holdings
• Material change in reported beneficial ownership from 10,407,792 to 9,600,407 Class A shares

Insights

Financial Analyst

TL;DR: Insider sales under a 10b5-1 plan reduced beneficial indirect holdings by reported millions of shares; transactions are pre-planned, not ad hoc.

The Form 4 documents planned dispositions by the reporting person executed under a Rule 10b5-1 plan adopted on November 20, 2024. The filings quantify precise share counts and weighted average prices for sales on 08/26/2025 and 08/27/2025. From an analyst perspective, the data are clear and actionable for share-count modeling: reported indirect holdings fell from 10,407,792 to 9,600,407 Class A shares following the disclosed trades. The disclosure of weighted price ranges aids in reconstructing trade proceeds if needed. There is no forward-looking or operational information about company performance in this filing.

Corporate Governance Expert

TL;DR: Disclosure appears compliant and transparent; sales were executed under a documented 10b5-1 plan and trustee role is disclosed.

The Form 4 identifies Anthony Hsieh's roles (Executive Chair, CEO & President) and confirms he has voting and investment power over JLSSAA Trust assets as trustee. The filing includes attestations about the 10b5-1 plan and provides weighted average price ranges and an undertaking to supply trade-level details on request, which supports regulatory transparency. The timely signature by an attorney-in-fact is included. The disclosure is procedural and does not indicate governance action beyond standard insider reporting.

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)
08/26/2025

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	08/26/2025		S(1)		173,124	D	$2.025(2)	10,407,792	I	By JLSSAA Trust(3)
Class A Common Stock	08/27/2025		S(1)		807,385	D	$2.057(4)	9,600,407	I	By JLSSAA Trust(3)
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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.05. 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.

4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.005 to $2.125. 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.

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh	08/28/2025
	** 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 Hsieh sell according to the Form 4 for LDI?

The filing reports sales of 173,124 Class A shares on 08/26/2025 and 807,385 Class A shares on 08/27/2025.

At what prices were the LDI shares sold by the reporting person?

The Form 4 discloses weighted average prices: $2.025 for the 08/26/2025 trades (range $2.00–$2.05) and $2.057 for the 08/27/2025 trades (range $2.005–$2.125).

Were the sales by Anthony Hsieh part of a 10b5-1 plan for LDI?

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

How did these transactions change Anthony Hsieh's beneficial ownership in LDI?

Reported indirect beneficial ownership decreased from 10,407,792 Class A shares after the 08/26 sales to 9,600,407 Class A shares after the 08/27 sales.

Does Anthony Hsieh hold voting or investment power over the reported trust shares?

Yes. The filing states that as trustee, Anthony Hsieh has voting and investment power over the assets of the JLSSAA Trust.