[SCHEDULE 13D/A] loanDepot, Inc. SEC Filing

Rhea-AI Filing Summary

Anthony Hsieh filed Amendment No. 17 to his Schedule 13D for loanDepot, Inc. reporting beneficial ownership of 123,821,948 shares of Class A Common Stock, representing 52.94% of the class based on 112,351,102 shares outstanding as of August 6, 2025. The filing notes Hsieh also holds 1,598,425 unvested RSUs. The amendment discloses a series of open-market sales on August 13–26, 2025 at weighted average prices near $2.00–$2.05, and that on August 22, 2025 Hsieh caused Trilogy Mortgage Holdings, Inc. to exchange 4,000,000 Common Units for 4,000,000 shares of Class A Common Stock, with the corresponding Class C shares cancelled.

Insights

Securities Analyst

TL;DR: Reporting person holds a majority stake and disclosed sizable recent share sales and an exchange that increased Class A shares.

The filing shows Hsieh beneficially controls 123.8 million Class A shares, equating to 52.94% under the stated assumptions, and retains material economic and voting influence. The disclosed sales between August 13 and August 26, 2025, include multi-hundred-thousand and multi-million share transactions executed at weighted average prices around $2.00–$2.05, which may affect free float and near-term liquidity. The August 22, 2025 exchange of 4,000,000 Common Units into Class A shares increased his Class A holdings and resulted in cancellation of corresponding Class C shares. The statement also notes 1,598,425 RSUs are unvested. This is a material ownership update for investors and market participants.

Corporate Governance Expert

TL;DR: Majority ownership confirmed with specified voting/dispositive sharing; governance implications are disclosed but not further detailed.

The amendment clarifies beneficial ownership and voting arrangements, stating shared voting and dispositive power over a significant block of Class A shares. It explicitly cites the SEC calculation assumption that Class C shares are treated as convertible for ownership percentages. The filing does not assert new governance actions or changes to board composition, but reconfirms the reporting person’s substantial influence and documents recent transfers and cancellations tied to the LD Holdings exchange mechanics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 17)

loanDepot, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

53946R106

(CUSIP Number)

Covington & Burling LLP
One CityCenter, 850 Tenth Street, NW
Washington, DC, 20001
202-662-6000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/22/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 53946R106

1

Name of reporting person

Hsieh Anthony Li

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 10,526,863.00
8	Shared Voting Power 113,295,085.00
9	Sole Dispositive Power 10,526,863.00
10	Shared Dispositive Power 113,295,085.00

11

Aggregate amount beneficially owned by each reporting person

123,821,948.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

52.94 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Box 13 - (1) Calculated in accordance with the SEC's rules for calculating "beneficial ownership," which requires the Reporting Person to assume conversion of all of such person's Class C Common Stock but conversion of no other Class C Common Stock. (2) Based on 112,351,102 shares of the Issuer's Class A Common Stock outstanding on August 6, 2025 as reported by the Issuer on a Form 10-Q filed with the SEC on August 8, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock
(b)	Name of Issuer: loanDepot, Inc.
(c)	Address of Issuer's Principal Executive Offices: 6561 Irvine Center Drive, Irvine, CALIFORNIA , 92618.
Item 1 Comment: This Amendment No. 17 ("Amendment No. 17") to Schedule 13D (this "Schedule 13D") is filed by Anthony Hsieh (the "Reporting Person") and relates to the beneficial ownership of certain shares of Class A Common Stock, par value $0.001 per share (the "Class A Common Stock"), of loanDepot, Inc., a Delaware corporation ("loanDepot" or the "Issuer"). Amendment No. 17 amends the initial statement on Schedule 13D filed by the Reporting Person on November 16, 2021, as amended on April 26, 2022, May 6, 2022, January 10, 2023, February 7, 2023, April 6, 2023, May 28, 2024, August 20, 2024, September 3, 2024, September 10, 2024, September 16, 2024, November 5, 2024, November 25, 2024, December 5, 2024, March 7, 2025 and July 23, 2025 (as amended prior to the date hereof, the "Original Filing," and as amended by this Amendment No. 17, the "Statement"). Except as specifically provided herein, this Amendment No. 17 does not modify any of the information previously reported in the Original Filing. Capitalized terms used but not defined have the meaning given them in the Original Filing.
Item 5.	Interest in Securities of the Issuer
(a)	The information relating to the beneficial ownership of the Class A Common Stock by the Reporting Person set forth in Rows 7 through 13 of the cover page hereto and the related footnotes are incorporated by reference herein and is as of the date hereof. Such information assumes there are 112,351,102 shares of the Issuer's Class A Common Stock outstanding on August 6, 2025 as reported by the Issuer on a Form 10-Q filed with the SEC on August 8, 2025. The Reporting Person also owns 1,598,425 unvested restricted stock units ("RSUs") of the Issuer. By virtue of the relationship among the Reporting Person and the Class C Stockholders (as defined in the Original Filing), the Reporting Person may be deemed to share the power to vote or direct the vote and to share the power to dispose of or direct the disposition of the shares of Class A Common Stock as set forth in rows 7 through 13 of the cover pages of this Statement. The filing of this Statement shall not be construed as an admission that such individual is, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement. Certain of the shares obtainable upon exchange of Class C Common Stock are required to be delivered to third parties and would not be retained by the Reporting Person upon exchange.
(b)	Please see Item 5(a) above.
(c)	The Reporting Person, through the JLSSAA Trust, has sold certain shares of Class A Common Stock as shown in the table below. The amounts reported are weighted average prices. 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 at which the respective transactions were effected. Date Number of Shares Weighted Average Price 8/13/2025 183,195 $2.0061 (1) 8/14/2025 25,507 $2.0000 (2) 8/15/2025 81,604 $2.0117 (3) 8/20/2025 243 $2.0000 (4) 8/22/2025 1,184,108 $2.0381 (5) 8/25/2025 1,017,198 $2.0429 (6) 8/26/2025 173,124 $2.0520 (7) 1. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.02. 2. The shares were sold in a single transaction at a price of $2.00. 3. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.05. 4. The shares were sold in a single transaction at a price of $2.00. 5. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.15. 6. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.1450. 7. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.05. As described in the Original Filing, in connection with the Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("LD Holdings") Class A Common Units ("Common Units") equal to the number of Common Units held by such holders. Pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of LD Holdings, holders of Common Units may, subject to certain exceptions, from time to time require LD Holdings to redeem all or a portion of their Common Units (together with an equal number of shares of Class C Common Stock) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of Class A Common Stock on a one-for-one basis or a cash payment equal to an average market price of one share of Class A Common Stock for each Common Unit so redeemed. On August 22, 2025, the Reporting Person elected to cause Trilogy Mortgage Holdings, Inc to exchange 4,000,000 Common Units held for their benefit by such entity for an equal number of shares of Class A Common Stock. The shares of Class C Common Stock corresponding to the Common Units that were exchanged for Class A Common Stock were cancelled for no consideration on August 22, 2025.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hsieh Anthony Li

Signature:	/s/ Anthony Li Hsieh
Name/Title:	Anthony Li Hsieh
Date:	08/26/2025

FAQ

How many Class A shares does Anthony Hsieh beneficially own according to the filing for LDI?

The filing reports 123,821,948 shares of Class A Common Stock beneficially owned, representing 52.94% of the class under the stated assumptions.

What recent share sales by the reporting person are disclosed in the Schedule 13D/A?

Sales between August 13 and August 26, 2025 are disclosed, including notable transactions of 1,184,108 shares on August 22 and 1,017,198 shares on August 25, at weighted average prices around $2.00–$2.05.

Did the filing report any exchanges or cancellations related to Class C shares?

Yes. On August 22, 2025 Trilogy Mortgage Holdings, Inc. exchanged 4,000,000 Common Units for 4,000,000 Class A shares, and the corresponding Class C Common Stock was cancelled for no consideration.

Does the reporting person hold any unvested equity in loanDepot?

Yes. The filing states the reporting person owns 1,598,425 unvested restricted stock units (RSUs).

What assumption is used to calculate the 52.94% ownership figure?

The filing notes the calculation assumes conversion of all of the reporting person’s Class C Common Stock and is based on 112,351,102 shares of Class A Common Stock outstanding as of August 6, 2025.

Will the filing provide specific trade prices on request?

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