[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Li Hsieh, Executive Chair, CEO & Pres. of loanDepot, Inc. (LDI), reported planned open-market sales under a Rule 10b5-1 plan. The Form 4 shows Hsieh effected sales of 1,110,454 Class A shares on 09/04/2025 at a weighted-average price of $2.1746, and 3,046,005 Class A shares on 09/05/2025 at a weighted-average price of $2.644. After the 09/04 transactions his beneficial ownership by the JLSSAA Trust was reported as 7,739,717 shares; following the 09/05 transactions it was 4,693,712 shares. The filing states the sales were made pursuant to a 10b5-1 trading plan adopted on November 20, 2024, and notes the shares were sold in multiple transactions across stated price ranges.

Positive

• Sales were executed under a documented Rule 10b5-1 trading plan adopted on November 20, 2024, which provides an affirmative defense for pre-planned trades
• Filing discloses weighted-average prices and price ranges and offers to provide specific trade amounts and pricing upon request

Negative

• Large insider disposals totaling 4,156,459 Class A shares (1,110,454 on 09/04/2025 and 3,046,005 on 09/05/2025) materially reduced beneficial ownership
• Beneficial ownership reported for the JLSSAA Trust fell from 7,739,717 to 4,693,712 shares following the reported transactions

Insights

Securities Analyst

TL;DR: Significant insider disposition occurred via a pre-existing 10b5-1 plan, reducing beneficial holdings materially over two days.

The reporting person executed sizable open-market sales totaling 4,156,459 Class A shares across 09/04/2025 and 09/05/2025, using a Rule 10b5-1 plan adopted 11/20/2024. The filing provides weighted-average prices and price ranges for the multiple trades, and shows beneficial ownership by the JLSSAA Trust declined from 7,739,717 to 4,693,712 shares. From an investor-disclosure perspective, use of a documented 10b5-1 plan clarifies these were pre-planned dispositions rather than ad hoc sales, and the filing supplies sufficient trade-range detail on request.

Corporate Governance Expert

TL;DR: Transactions were executed under an established trading plan, and voting/investment power is held indirectly via the JLSSAA Trust.

The Form 4 explicitly states Anthony Hsieh acts as trustee with voting and investment power over The JLSSAA Trust assets. The report discloses the mechanics and timing of sales under a documented 10b5-1 plan, and provides weighted-average prices plus noted ranges. This filing is procedurally complete: it identifies relationship to the issuer, filing person roles, and includes an attorney-in-fact signature dated 09/08/2025.

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)
09/04/2025

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	09/04/2025		S(1)		1,110,454	D	$2.1746(2)	7,739,717	I	By JLSSAA Trust(3)
Class A Common Stock	09/05/2025		S(1)		3,046,005	D	$2.644(4)	4,693,712	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 $2.01 to $2.28. 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 ("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 $2.29 to $2.90. 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	09/08/2025
	** 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 in this Form 4?

The Form 4 reports sales of 1,110,454 Class A shares on 09/04/2025 and 3,046,005 Class A shares on 09/05/2025.

Were the sales part of a pre-arranged trading plan for LDI insider Anthony Hsieh?

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

What prices were reported for the Class A share sales in the Form 4?

The weighted-average price was reported as $2.1746 for the 09/04/2025 sales (trades ranged $2.01–$2.28) and $2.644 for the 09/05/2025 sales (trades ranged $2.29–$2.90).

How did these transactions affect Hsieh's beneficial ownership in LDI?

After the 09/04 transactions beneficial ownership by the JLSSAA Trust was 7,739,717 shares; after the 09/05 transactions it was 4,693,712 shares.

Who holds voting and investment power over the reported shares?

The Form 4 states that Anthony Hsieh, as trustee, has voting and investment power over the assets of The JLSSAA Trust.