[Form 4] loanDepot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anthony Li Hsieh, Executive Chair, CEO & President of loanDepot, Inc. (LDI), reported sales of Class A common stock on 09/09/2025. The Form 4 shows 2,043,712 Class A shares were sold in multiple transactions at a weighted average price of $3.254 per share, with transaction prices ranging from $3.01 to $3.51. After these dispositions, Hsieh beneficially owns 2,650,000 shares indirectly through the JLSSAA Trust and 143,677 shares directly. The filing notes Hsieh, as trustee, has voting and investment power over the JLSSAA Trust assets.

Positive

• None.

Negative

• Reported large sale: 2,043,712 Class A shares sold on 09/09/2025 at a weighted average price of $3.254 (prices ranged $3.01–$3.51).
• Limited disclosure on rationale: Form 4 does not state whether the sales were pursuant to a 10b5-1 trading plan or the economic reason for the dispositions.

Insights

Financial Analyst

TL;DR: Insider sold a sizeable block at ~ $3.25 weighted average; remaining indirect stake remains material.

The sale of 2,043,712 Class A shares represents a meaningful liquidity event by the company’s top executive. At the reported weighted average price of $3.254, proceeds would be material on an individual basis but the filing does not state total proceeds in dollars. Post-transaction holdings show continued substantial indirect ownership (2.65 million shares) via the JLSSAA Trust plus 143,677 direct shares, indicating the reporting person retains meaningful exposure to equity performance. No derivative transactions or additional context (purpose of sale, pre-arranged plan) are provided in the filing.

Corporate Governance Expert

TL;DR: Large insider disposition may raise governance questions about timing and rationale.

The Form 4 discloses significant dispositions by the Executive Chair and CEO. While the filing states the shares were sold across multiple prices between $3.01 and $3.51, it does not indicate whether the trades were part of a Rule 10b5-1 plan or other pre-arranged arrangement. The reporting person remains a substantial indirect holder as trustee of the JLSSAA Trust, but the lack of explanatory detail in the filing can prompt investor scrutiny regarding the motivation and timing of the sales.

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
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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).

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)
09/09/2025

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	09/09/2025		S		2,043,712	D	$3.254(1)	2,650,000	I	By JLSSAA Trust(2)
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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $3.01 to $3.51. 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.

2. As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust").

Remarks:

	/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh	09/11/2025
	** 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 on Form 4 for LDI?

He reported selling 2,043,712 Class A shares on 09/09/2025 at a weighted average price of $3.254, with prices ranging from $3.01 to $3.51.

How many LDI shares does Anthony Li Hsieh own after the sale?

After the reported transactions he beneficially owns 2,650,000 shares indirectly through the JLSSAA Trust and 143,677 shares directly.

Does the Form 4 state if the sales were under a 10b5-1 plan?

No. The filing does not indicate that the transactions were made pursuant to a 10b5-1 trading plan or other pre-arranged plan.

Who has voting and investment power over the JLSSAA Trust holdings?

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

Were any derivative securities reported in this Form 4?

No. Table II for derivative securities contains no reported transactions or holdings in this filing.