loanDepot 13D/A: Hsieh Retains Near-50% Stake After 6.2M-Share Sales

Rhea-AI Filing Summary

Amendment No. 19 to a Schedule 13D reports Anthony Li Hsieh's beneficial ownership in loanDepot, Inc. Class A common stock. As of the filing, the Reporting Person beneficially owns 116,088,762 shares, representing 49.63% of the Class A shares outstanding based on 112,351,102 shares. The filing discloses that the Reporting Person holds 73,819 unvested RSUs and 1,500,000 unvested PSUs. It also reports sales by the JLSSAA Trust on 9/4/2025, 9/5/2025 and 9/9/2025 totaling 6,200,171 shares at weighted average prices of $2.1746, $2.6440 and $3.2541, respectively, with disclosed execution price ranges for each date. The Amendment states other previously reported information remains unchanged and that certain shares issuable on exchange of Class C stock may be deliverable to third parties.

Insights

Financial Analyst

TL;DR: Reporting Person retains near-majority economic interest while executing multi-day share sales totaling 6.2M shares.

The filing documents material portfolio activity by Anthony Li Hsieh, showing continued significant exposure to loanDepot through 116.1M shares or 49.63% of Class A stock. The disclosed sell transactions across three dates (weighted averages $2.1746, $2.6440, $3.2541) total 6,200,171 shares and provide observable realized prices and intraday ranges. Holdings include unvested RSUs and PSUs, which affect future dilution and potential voting outcomes. For investors, the key facts are the retained near-50% stake and the recent liquidity events; the filing does not provide motives, future plans, or off-exchange agreements.

Corporate Governance Expert

TL;DR: Significant shared voting power persists, and disclosed sales reduce holdings but do not eliminate controlling influence.

The Statement reaffirms that, by relationship to Class C stockholders, the Reporting Person may be deemed to share voting and dispositive power over a substantial block of Class A stock. The retained aggregate ownership near 50% is governance-relevant because it sustains outsized influence on shareholder matters. The disclosure that some shares obtainable upon exchange of Class C stock would be delivered to third parties is notable for assessing effective control, but the filing gives no details on recipients or contractual terms. The amendment is procedural and factual; it does not announce governance changes or agreements.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 19)

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)

09/05/2025

(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 2,793,677.00
8	Shared Voting Power 113,295,085.00
9	Sole Dispositive Power 2,793,677.00
10	Shared Dispositive Power 113,295,085.00

11

Aggregate amount beneficially owned by each reporting person

116,088,762.00

12

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

13

Percent of class represented by amount in Row (11)

49.63 %

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. 19 ("Amendment No. 19") 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. 19 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, July 23, 2025, August 26, 2025 and September 3, 2025 (as amended prior to the date hereof, the "Original Filing," and as amended by this Amendment No. 19, the "Statement"). Except as specifically provided herein, this Amendment No. 19 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 73,819 unvested restricted stock units ("RSUs") and 1,500,000 unvested performance stock units ("PSUs") 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 9/4/2025 1,110,454 $2.1746 (1) 9/5/2025 3,046,005 $2.6440 (2) 9/9/2025 2,043,712 $3.2541 (3) 1. The shares were sold in multiple transactions at prices ranging from $2.01 to $2.28. 2. The shares were sold in multiple transactions at prices ranging from $2.29 to $2.90. 3. The shares were sold in multiple transactions at prices ranging from $3.01 to $3.51.

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:	09/09/2025

FAQ

How many Class A shares does Anthony Li Hsieh beneficially own according to this filing (LDI)?

The filing reports 116,088,762 shares beneficially owned, representing 49.63% of Class A common stock based on 112,351,102 shares outstanding.

What share sales did the JLSSAA Trust report in the Schedule 13D/A for LDI?

The filing discloses sales on 9/4/2025 (1,110,454 shares, $2.1746 WA), 9/5/2025 (3,046,005 shares, $2.6440 WA), and 9/9/2025 (2,043,712 shares, $3.2541 WA), totaling 6,200,171 shares.

Does the filing disclose unvested equity holdings for the Reporting Person (LDI)?

Yes. The Reporting Person holds 73,819 unvested RSUs and 1,500,000 unvested PSUs of the Issuer.

Does this Amendment No. 19 change other previously reported information?

The Amendment states that, except as specifically provided, it does not modify information previously reported in the Original Filing.

Are the sale price ranges disclosed for the transactions in the filing?

Yes. The filing provides price ranges for the transactions: 9/4/2025 $2.01–$2.28, 9/5/2025 $2.29–$2.90, and 9/9/2025 $3.01–$3.51.