66M loanDepot (LDI) insider shares shift from Class C to B
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
loanDepot, Inc. insider Anthony Hsieh reported a large automatic share-class conversion. On February 11, 2026, multiple indirect holdings of Class C common stock converted on a one-for-one basis into Class B common stock at a stated price of $0 per share.
The filing shows 66,404,880 shares converting through Trilogy Management Investors Six, LLC, 24,945,633 through Trilogy Mortgage Holdings, Inc., 4,310,497 through JLSA, LLC, and 3,114,521 through the JLSSAA Trust. Hsieh has voting and investment power over these entities and the trust.
Footnotes explain that Class C shares were originally issued in connection with LD Holdings Group LLC Common Units and, under loanDepot’s charter, automatically converted into Class B shares on that date. Common Unit holders can later request redemptions for Class A shares or cash, at the company’s election.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Hsieh Anthony Li
Role
Executive Chair, CEO & Pres.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class C Common Stock | 66,404,880 | $0.00 | -- |
| Conversion | Class B Common Stock | 66,404,880 | $0.00 | -- |
| Conversion | Class C Common Stock | 3,114,521 | $0.00 | -- |
| Conversion | Class B Common Stock | 3,114,521 | $0.00 | -- |
| Conversion | Class C Common Stock | 24,945,633 | $0.00 | -- |
| Conversion | Class B Common Stock | 24,945,633 | $0.00 | -- |
| Conversion | Class C Common Stock | 4,310,497 | $0.00 | -- |
| Conversion | Class B Common Stock | 4,310,497 | $0.00 | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
Holdings After Transaction:
Class C Common Stock — 0 shares (Indirect, By Trilogy Management Investors Six, LLC);
Class B Common Stock — 66,404,880 shares (Indirect, By Trilogy Management Investors Six, LLC);
Common Units — 66,404,880 shares (Indirect, By Trilogy Management Investors Six, LLC)
Footnotes (1)
- 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 Issuer's Amended and Restated Certificate of Incorporation, dated February 11, 2021, each outstanding share of Class C Common Stock, automatically and without further action on the part of the Issuer or the Reporting Person, converted into one fully paid and non-assessable share of Class B Common Stock, par value $0.001 ("Class B Common Stock") on February 11, 2026. Shares of Class B Common Stock may be converted, together with the corresponding Common Units, for shares of the Issuer's Class A Common Stock, par value $0.001 ("Class A Common Stock") as described in footnote 4. The reporting person has voting and investment power over the shares of Class B Common Stock held by Trilogy Mortgage Holdings, Inc., JLSA, LLC and Trilogy Management Investors Six, LLC. As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust"). 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 B 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 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.
FAQ
What insider transaction did Anthony Hsieh report for loanDepot (LDI)?
Anthony Hsieh reported an automatic conversion of multiple blocks of Class C common stock into Class B common stock on February 11, 2026, at a stated price of $0 per share, reflecting a share-class change rather than an open-market purchase or sale.
Was any cash paid in the reported loanDepot (LDI) insider transactions?
No cash consideration was reported. Each conversion of Class C common stock into Class B common stock occurred at a stated price of $0 per share, indicating a structural share-class change rather than a cash purchase or sale in the market.
What role do Trilogy entities and the JLSSAA Trust play in Hsieh’s loanDepot holdings?
The converted shares are held indirectly through Trilogy Management Investors Six, LLC, Trilogy Mortgage Holdings, Inc., JLSA, LLC, and the JLSSAA Trust. The filing states Anthony Hsieh has voting and investment power over these entities and, as trustee, over the JLSSAA Trust’s assets.