[Form 4] loanDepot, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Jeff Alexander Walsh, President, LDI Mortgage at loanDepot, Inc. (LDI), reported two scheduled stock sales under a Rule 10b5-1 plan adopted November 25, 2024. On 08/28/2025 he sold 70,000 shares of Class A common stock at a weighted average price of $2.0298, leaving 4,001,502 shares beneficially owned. On 08/29/2025 he sold another 70,000 shares at a weighted average price of $2.0587, leaving 3,931,502 shares beneficially owned. The filings state the sales were effected pursuant to the 10b5-1 plan and prices reflect multiple transactions within disclosed price ranges. The Form 4 is signed by an attorney-in-fact on 09/02/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer executed planned sales totaling 140,000 shares under a 10b5-1 plan at ~$2.03–$2.06; holdings now 3,931,502 shares.
The reported transactions are non-derivative sales executed under a pre-established Rule 10b5-1 trading plan, indicating these were scheduled dispositions rather than opportunistic trades. The two-day execution sold 140,000 Class A shares at weighted average prices of $2.0298 and $2.0587. The filings disclose the price ranges for the multiple trades and provide to-the-SEC assistance if specific trade details are requested. From a market-impact perspective, the disclosure is routine for insiders who use 10b5-1 plans to manage personal liquidity; no new financial results or corporate actions are reported here.
TL;DR: Insider sales were conducted pursuant to a documented 10b5-1 plan, a recognized compliance mechanism that mitigates concerns about trading on material nonpublic information.
The Form 4 explicitly states the trades were effected under a 10b5-1 plan adopted on November 25, 2024, which typically affords the officer an affirmative defense against insider trading claims if conditions are met. The report lists the reporting person as an officer (President, LDI Mortgage) and includes the attorney-in-fact signature. While insider sales reduce the officer's share count to 3,931,502, the filing contains no indication of adverse corporate governance events or departures; it is a routine disclosure of planned disposals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 70,000 | $2.0587 | $144K |
| Sale | Class A Common Stock | 70,000 | $2.0298 | $142K |
Footnotes (1)
- Effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 25, 2024. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.01 to $2.11. 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.02 to $2.105. 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.
