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

Rhea-AI Filing Summary

Amendment No. 18 to a Schedule 13D reports that Anthony Hsieh beneficially owns 122,288,933 shares of loanDepot, Inc. Class A common stock, representing 52.28% of the class under the filing's calculation. The filing states the percentage is calculated assuming conversion of the Reporting Person's Class C common stock and is based on 112,351,102 shares outstanding as of August 6, 2025. The Reporting Person also holds 1,573,819 unvested restricted stock units, and 24,606 RSUs were settled into Class A shares on August 29, 2025. The JLSSAA Trust sold specified Class A shares on Aug 27–Sep 3, 2025, at weighted average prices between about $2.03 and $2.10.

Positive

• Reported majority position: Beneficial ownership of 122,288,933 shares representing 52.28% per the filing's calculation.
• Transparent transaction disclosure: Detailed sale dates, share counts and weighted average prices for Aug 27–Sep 3, 2025 are provided.
• RSU disclosure: Filing states ownership of 1,573,819 unvested RSUs and notes 24,606 RSUs settled on Aug 29, 2025.

Negative

• Share sales disclosed: The JLSSAA Trust sold multiple tranches on Aug 27–Sep 3, 2025 totaling over 1.5 million shares, reducing holdings.
• Potential dilution/third-party deliveries: Filing states certain shares obtainable on conversion are required to be delivered to third parties and would not be retained by the Reporting Person.

Insights

Financial Analyst

TL;DR: Hsieh reports a controlling economic/ voting position above 50% and recent modest share disposals were disclosed.

The filing documents beneficial ownership of 122,288,933 Class A-equivalent shares, reported as 52.28% of the Class A base using the SEC conversion assumption. That stake implies de facto control metrics for corporate decision-making under the filing's methodology. The disclosed sales from the JLSSAA Trust across Aug 27–Sep 3, 2025 aggregate over 1.5 million shares at weighted average prices around $2.03–$2.10, with one RSU settlement on Aug 29, 2025. These sales modestly reduce beneficial holdings but the reported majority position remains. All analysis uses only information in the filing.

Corporate Governance Expert

TL;DR: Reporting Person's >50% beneficial stake (per filing method) carries material governance implications; disposals are explicitly disclosed.

The Statement confirms Anthony Hsieh may be deemed to share voting and dispositive power over a majority of Class A shares under the filing's conversion assumption, which is material for governance and shareholder control. The filing also clarifies that certain shares obtainable upon conversion are required to be delivered to third parties and might not be retained, and it disclaims admission of beneficial ownership for Exchange Act purposes. The sale dates and weighted average prices are fully disclosed, improving transparency.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 18)

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)

08/29/2025

(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 8,993,848.00
8	Shared Voting Power 113,295,085.00
9	Sole Dispositive Power 8,993,848.00
10	Shared Dispositive Power 113,295,085.00

11

Aggregate amount beneficially owned by each reporting person

122,288,933.00

12

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

13

Percent of class represented by amount in Row (11)

52.28 %

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. 18 ("Amendment No. 18") 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. 18 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 and August 26, 2025 (as amended prior to the date hereof, the "Original Filing," and as amended by this Amendment No. 18, the "Statement"). Except as specifically provided herein, this Amendment No. 18 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 1,573,819 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 8/27/2025 807,385 $2.0572 (1) 8/28/2025 250,000 $2.0313 (2) 8/29/2025 211,079 $2.0962 (3) 9/2/2025 87,190 $2.0382 (4) 9/3/2025 201,967 $2.0256 (5) 1. The shares were sold in multiple transactions at prices ranging from $2.005 to $2.125. 2. The shares were sold in multiple transactions at prices ranging from $2.02 to $2.075. 3. The shares were sold in multiple transactions at prices ranging from $2.02 to $2.155. 4. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.09. 5. The shares were sold in multiple transactions at prices ranging from $2.00 to $2.045. On August 29, 2025, 24,606 RSUs were settled for a corresponding share of Class A Common Stock.

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:	09/03/2025

FAQ

How many Class A shares does Anthony Hsieh report beneficially owning in the Schedule 13D/A for loanDepot (LDI)?

The filing reports 122,288,933 shares beneficially owned, representing 52.28% of the Class A stock under the filing's calculation.

What sales of loanDepot Class A shares are disclosed in this Amendment No. 18?

The JLSSAA Trust sold shares on Aug 27, 2025 (807,385), Aug 28, 2025 (250,000), Aug 29, 2025 (211,079), Sep 2, 2025 (87,190), and Sep 3, 2025 (201,967) with weighted average prices shown in the filing.

How many unvested RSUs does the Reporting Person hold and were any settled?

The Reporting Person holds 1,573,819 unvested RSUs and 24,606 RSUs were settled for Class A shares on Aug 29, 2025.

What basis does the filing use to calculate the 52.28% figure?

The filing states the percentage is calculated assuming conversion of the Reporting Person's Class C common stock and based on 112,351,102 Class A shares outstanding as of Aug 6, 2025 per an issuer filing.

Does the filing assert full beneficial ownership under the Exchange Act?

No. The filing explicitly states that the reporting of shared powers and holdings shall not be construed as an admission that the individual is the beneficial owner for purposes of Section 13(d) or 13(g).