[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Li Hsieh, Executive Chair and CEO of loanDepot, Inc. (LDI), reported planned sales of Class A common stock under a Rule 10b5-1 trading plan. The Form 4 shows sales of 183,195 shares on 08/13/2025 at a weighted average price of $2.006 and 25,507 shares on 08/14/2025 at $2.00. Following the reported transactions, the filing states beneficial ownership of 8,864,069 Class A shares held indirectly by the JLSSAA Trust, for which Mr. Hsieh is trustee and has voting and investment power.

Certain entries in the table are not fully specified in the filing text provided (for example, a line showing 119,071 shares disposed lacks accompanying date or price), and the reporting person offers to provide trade-level details on request to the issuer or SEC staff.

Positive

• Transactions executed pursuant to a Rule 10b5-1 trading plan, which provides an affirmative defense and indicates pre-planned sales
• Reporter discloses indirect beneficial ownership via the JLSSAA Trust and clarifies trustee voting and investment power
• Weighted-average pricing disclosed and offer to provide granular trade details to issuer, security holders, or SEC staff on request

Negative

• Reported disposition line of 119,071 shares lacks date and price details in the provided content, limiting full clarity
• Insider reduced beneficial holdings through sales, which may be perceived negatively by some investors despite plan-based trades

Insights

Securities Analyst

TL;DR: Insider sales executed under a 10b5-1 plan; disclosed remaining indirect ownership via trustee role.

The filing documents discretionary sales under a pre-established Rule 10b5-1 plan, including a weighted-average sale of 183,195 shares at $2.006 and a subsequent sale of 25,507 shares at $2.00. The reporter retains substantial indirect ownership through the JLSSAA Trust (8,864,069 shares). From a trading-impact perspective, these are pre-planned dispositions rather than opportunistic trades, reducing immediate interpretive weight about insider views on future fundamentals. The filing also notes willingness to provide transaction-level details to regulators or holders, which preserves transparency.

Corporate Governance Expert

TL;DR: Sales appear compliant with a documented 10b5-1 plan; trustee status creates indirect control over a large position.

The report confirms Mr. Hsieh cts as trustee of the JLSSAA Trust and thus holds voting and investment power over the cited shares. The use of a 10b5-1 plan provides an affirmative defense under Rule 10b5-1 and indicates the trades were likely pre-arranged. One table row showing disposition of 119,071 shares lacks date and price details in the provided content, which is an omission that could merit clarification for complete 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)
08/13/2025

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	08/13/2025		S(1)		183,195	D	$2.006(2)	8,889,576	I	By JLSSAA Trust(3)
Class A Common Stock	08/14/2025		S(1)		25,507	D	$2	8,864,069	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 $2.02. 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.

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh	08/15/2025
	** 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 did Anthony Li Hsieh report in the Form 4 for LDI?

The Form 4 reports sales of Class A common stock under a Rule 10b5-1 trading plan, including 183,195 shares at a weighted average of $2.006 and 25,507 shares at $2.00, and shows indirect ownership via the JLSSAA Trust of 8,864,069 shares.

Were the sales by the reporting person planned under a 10b5-1 plan?

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

How much beneficial ownership does the JLSSAA Trust hold according to the filing?

The filing reports that the JLSSAA Trust beneficially owns 8,864,069 Class A common shares, with Anthony Hsieh as trustee holding voting and investment power.

Is all transaction information fully specified in the Form 4 provided?

No. One line in the table shows a disposition of 119,071 shares but the provided content does not include a transaction date or price for that entry.

Does the reporting person offer to provide additional trade details?

Yes. The filing states the reporting person will provide specific trade amounts and pricing within the disclosed ranges upon request to the issuer, any security holder, or the SEC staff.