LDI insider Anthony Hsieh exchanges 2.3M units for Class A
Rhea-AI Filing Summary
loanDepot, Inc. (LDI) disclosed an insider transaction on Form 4 involving Executive Chair, CEO and President, and 10% owner Anthony Hsieh. On 11/19/2025, he elected to cause Trilogy Mortgage Holdings, Inc. to exchange 2,300,000 Common Units of LD Holdings Group LLC for an equal number of loanDepot Class A Common Stock, with the corresponding Class C Common Stock cancelled for no consideration, effective as of December 1, 2025. Following these transactions, he indirectly holds 26,245,633 shares of Class C Common Stock through Trilogy Mortgage Holdings, Inc., 2,300,000 shares of Class A Common Stock through the JLSSAA Trust, and additional Class A and Class C shares and Common Units through JLSSAA Trust, JLSA, LLC and Trilogy Management Investors Six, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Units | 2,300,000 | $0.00 | -- |
| Other | Class C Common Stock | 2,300,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,300,000 | $0.00 | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
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 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 C 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, par value $0.001 ("Class A Common Stock") of the Issuer 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. The transaction date is the date the Reporting Person elected to make the exchange described in footnotes 1 and 3, which exchange will occur effective as of December 1, 2025. The reporting person elected to cause Trilogy Mortgage Holdings, Inc. to exchange a portion of the Common Units held for the reporting person's benefit by such entity for an equal number of shares of Class A Common Stock. The shares of Class C Common Stock corresponding to the Common Units that were exchanged for Class A Common Stock were cancelled for no consideration. The reporting person has voting and investment power over the shares of Class C 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").
FAQ
What insider transaction did loanDepot (LDI) report in this Form 4?
The filing reports that on 11/19/2025 Anthony Hsieh elected to exchange 2,300,000 Common Units of LD Holdings Group LLC for an equal number of loanDepot Class A Common Stock, with related Class C shares cancelled for no consideration.
Who is the reporting person in this loanDepot (LDI) Form 4?
The reporting person is Anthony Hsieh, who is a Director, 10% Owner, and Executive Chair, CEO & President of loanDepot, Inc.
What happens to the Class C Common Stock in the reported loanDepot transaction?
The footnotes state that the Class C Common Stock corresponding to the Common Units exchanged for Class A Common Stock is cancelled for no consideration.
What rights do holders of LD Holdings Common Units have with respect to loanDepot stock?
Under LD Holdings’ Fourth Amended and Restated LLC Agreement, holders of Common Units may require LD Holdings to redeem units (with an equal number of Class C shares) for either newly issued Class A Common Stock on a one-for-one basis or a cash amount equal to the average market price of Class A stock, at loanDepot’s election.
Which entities hold loanDepot securities for Anthony Hsieh’s benefit?
The filing notes that he has voting and investment power over securities held by Trilogy Mortgage Holdings, Inc., JLSA, LLC, Trilogy Management Investors Six, LLC, and the JLSSAA Trust, where he serves as trustee.
