[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Li Hsieh, Executive Chair, CEO & Pres. of loanDepot, Inc. (LDI), reported insider sales of Class A common stock executed under a Rule 10b5-1 plan. On 09/02/2025 he sold 87,190 shares at a weighted average price of $2.0382, leaving 9,052,138 shares beneficially owned (indirectly via the JLSSAA Trust). On 09/03/2025 he sold 201,967 shares at a weighted average price of $2.0256, leaving 8,850,171 shares. A further disposition of 143,677 shares is reported. The filings state the sales were effected pursuant to a 10b5-1 trading plan adopted November 20, 2024, and include weighted average price ranges for the transactions.

Positive

• Transactions disclosed under a Rule 10b5-1 plan, indicating pre-established trading instructions
• Clear reporting of remaining beneficial ownership after the reported sales (9,052,138 and 8,850,171 shares)

Negative

• Insider dispositions total 432,834 shares (87,190 + 201,967 + 143,677), representing a reduction in beneficial holdings
• Weighted average sale prices in the low $2.00 range may be below prior higher trading levels (price range disclosed $2.00–$2.09 and $2.00–$2.045)

Insights

Securities Analyst

TL;DR: Insider sold a meaningful block of shares under a 10b5-1 plan, reducing indirect holdings while providing transparent disclosure.

The Form 4 reports aggregate dispositions of 432,834 Class A shares effected under a pre-established Rule 10b5-1 plan, with weighted average prices reported and price ranges disclosed in footnotes. The filing confirms voting and investment power is held indirectly via the JLSSAA Trust, clarifying control despite the sales. For investors, the disclosure is routine compliance information rather than an operational update; the materiality depends on the shareholder base and outstanding shares but the document itself provides clear, auditable transaction figures and remaining beneficial ownership levels.

Corporate Governance Expert

TL;DR: The filing shows procedurally proper insider sales under a documented 10b5-1 plan with trustee-held indirect ownership.

The report indicates adherence to SEC rules: sales were made pursuant to a 10b5-1 plan adopted on November 20, 2024, and detailed weighted average pricing ranges are provided for transparency. The reporting person acts as trustee for the JLSSAA Trust and retains both voting and investment power over the trust assets, which is clearly disclosed. The filing contains the attorney-in-fact signature and explanatory footnotes, supporting form completeness and governance transparency.

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)
09/02/2025

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	09/02/2025		S(1)		87,190	D	$2.0382(2)	9,052,138	I	By JLSSAA Trust(3)
Class A Common Stock	09/03/2025		S(1)		201,967	D	$2.0256(4)	8,850,171	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 $2.00 to $2.09. 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 $2.00 to $2.045. 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	09/04/2025
	** 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 transactions did Anthony Li Hsieh report for LDI?

The Form 4 reports dispositions of Class A common stock totaling 432,834 shares sold on 09/02/2025 and 09/03/2025 (and an additional 143,677-share disposition), with weighted average prices disclosed.

Were these sales executed under a trading plan for LDI insider Anthony Hsieh?

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

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

The Form 4 reports beneficial ownership of 9,052,138 shares after the 09/02/2025 sale and 8,850,171 shares after the 09/03/2025 sale (held indirectly via the JLSSAA Trust).

Who holds voting and investment power over the reported shares?

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

What price ranges were the reported LDI sales executed at?

Footnotes disclose weighted average prices and indicate the shares were sold in multiple transactions at prices ranging from $2.00 to $2.09 and $2.00 to $2.045.