[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Li Hsieh, Executive Chair, CEO and President of loanDepot, Inc. (LDI), reported sales of Class A common stock under a Rule 10b5-1 trading plan. On 08/28/2025 he sold 250,000 shares at a weighted-average price of $2.031, and on 08/29/2025 he sold 211,079 shares at a weighted-average price of $2.096. After the sales reported on 08/29/2025, the filing shows 9,139,328 shares beneficially owned by Mr. Hsieh indirectly through the JLSSAA Trust.

The filing also reports the grant/settlement of 24,606 restricted stock units (RSUs) on 08/29/2025, which represent rights to receive Class A shares and are scheduled to vest ratably on 11/28/2025, 02/27/2026 and 05/29/2026. The transactions were executed pursuant to a 10b5-1 plan adopted on 11/20/2024. The Form 4 was signed by an attorney-in-fact on 09/02/2025.

Positive

• Trades executed under a 10b5-1 plan, indicating pre-established trading instructions (adopted 11/20/2024)
• Disclosure of weighted-average prices and willingness to provide specific trade details increases transparency
• RSUs granted/settled (24,606) have clear vesting schedule disclosed (11/28/2025, 02/27/2026, 05/29/2026)

Negative

• Insider sold a total of 461,079 Class A shares (250,000 on 08/28/2025 and 211,079 on 08/29/2025), reducing reported indirect holdings
• Reported sales occurred at low single-digit dollar prices ($2.02–$2.155 range), which may reflect market valuation at time of sale

Insights

Financial Analyst

TL;DR Insider sales were conducted under a pre-established 10b5-1 plan and reduced reported indirect holdings while RSUs were granted/settled.

The sales of 461,079 Class A shares across 08/28/2025–08/29/2025 at weighted-average prices near $2.03–$2.10 are disclosed as executed under a Rule 10b5-1 plan, which reduces signaling risk compared with ad hoc trades. Reported beneficial ownership through the JLSSAA Trust remains substantial at 9,139,328 shares after the trades. The additional 24,606 RSUs increase potential future dilution but vest over three dates in late 2025 and 2026. For investors, these actions primarily reflect planned liquidity and routine executive compensation mechanics, not an unplanned change in control or governance.

Corporate Governance Expert

TL;DR Transactions align with standard governance practices; disclosures include 10b5-1 plan and trustee control of trust assets.

The Form 4 clearly states the trades were effected pursuant to a 10b5-1 trading plan adopted 11/20/2024 and discloses that Mr. Hsieh, as trustee, holds voting and investment power over the JLSSAA Trust. The filing includes weighted-average price ranges and an undertaking to provide specific trade details on request, which supports transparency. The reported RSUs and their vesting schedule are disclosed, meeting typical executive compensation disclosure standards. No additional governance issues or material exceptions are indicated in the filing.

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)
08/28/2025

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	08/28/2025		S(1)		250,000	D	$2.031(2)	9,350,407	I	By JLSSAA Trust(3)
Class A Common Stock	08/29/2025		S(1)		211,079	D	$2.096(4)	9,139,328	I	By JLSSAA Trust(3)
Class A Common Stock	08/29/2025		M		24,606	A	(5)	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
Restricted Stock Units	(5)	08/29/2025		M			24,606	(5)	(5)	Class A Common Stock	24,606	$0	73,819	D

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 $2.02 to $2.075. 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.

4. 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 $2.155. 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.

5. Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock. The RSUs are scheduled to vest ratably on November 28, 2025, February 27, 2026, and May 29, 2026.

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh	09/02/2025
	** 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 trades did Anthony Li Hsieh report on the Form 4 for LDI?

He sold 250,000 shares on 08/28/2025 and 211,079 shares on 08/29/2025, and 24,606 RSUs were reported as granted/settled on 08/29/2025.

Were the sales by Anthony Li Hsieh part of a prearranged trading plan?

Yes. The Form 4 states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on 11/20/2024.

How many shares does Mr. Hsieh beneficially own after these transactions?

9,139,328 Class A shares are reported as beneficially owned indirectly by Mr. Hsieh through the JLSSAA Trust following the 08/29/2025 transactions.

What prices were the shares sold at according to the filing?

The filing reports weighted-average prices: $2.031 for the 08/28/2025 sales (range $2.02–$2.075) and $2.096 for 08/29/2025 sales (range $2.02–$2.155).

What are the vesting dates for the RSUs reported?

The 24,606 RSUs are scheduled to vest ratably on 11/28/2025, 02/27/2026, and 05/29/2026.