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

Rhea-AI Filing Summary

loanDepot, Inc. major shareholder Anthony Li Hsieh filed an updated ownership report showing that he beneficially owns 110,381,142 shares of Class A common stock, representing 46.7% of the class. This percentage is calculated under SEC beneficial ownership rules assuming conversion of his Class C common stock and is based on 126,394,171 Class A shares outstanding as of November 5, 2025.

Hsieh, through the JLSSAA Trust, reported selling a total of 2,082,226 Class A shares between December 8 and December 18, 2025 at daily weighted average prices ranging from about $2.29 to $2.81 per share. Several of these sales were executed under a pre-established Rule 10b5‑1 trading plan dated November 20, 2024. He also holds unvested awards of 49,213 restricted stock units and 1,500,000 performance stock units.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 23)

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)

12/16/2025

(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 386,057.00
8	Shared Voting Power 109,995,085.00
9	Sole Dispositive Power 386,057.00
10	Shared Dispositive Power 109,995,085.00

11

Aggregate amount beneficially owned by each reporting person

110,381,142.00

12

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

13

Percent of class represented by amount in Row (11)

46.7 %

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 126,394,171 shares of the Issuer's Class A Common Stock outstanding on November 5, 2025 as reported by the Issuer on a Form 10-Q filed with the SEC on November 7, 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. 23 ("Amendment No. 23") 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. 23 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, December 18, 2024, March 7, 2025, July 23, 2025, August 26, 2025, September 3, 2025, September 9, 2025, September 16, 2025, October 16, 2025 and November 18, 2025 (as amended prior to the date hereof, the "Original Filing," and as amended by this Amendment No. 23, the "Statement"). Except as specifically provided herein, this Amendment No. 23 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 126,394,171 shares of the Issuer's Class A Common Stock outstanding on November 5, 2025 as reported by the Issuer on a Form 10-Q filed with the SEC on November 7, 2025. The Reporting Person also owns 49,213 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 12/8/2025 369,266 $2.8076 (1) 12/9/2025 399,919 $2.6713 (2) 12/10/2025 230,815 $2.6947 (3) 12/15/2025 260,251 $2.4908 (4) 12/16/2025 290,108 $2.4086 (5) 12/17/2025 308,379 $2.2926 (6) 12/18/2025 223,488 $2.3228 (7) 1. The shares were sold in multiple transactions at prices ranging from $2.705 to $2.87. 2. The shares were sold in multiple transactions at prices ranging from $2.605 to $2.765. 3. The shares were sold in multiple transactions at prices ranging from $2.59 to $2.76. 4. The shares were sold in multiple transactions at prices ranging from $2.455 to $2.60. These sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan dated November 20, 2024. 5. The shares were sold in multiple transactions at prices ranging from $2.38 to $2.48. These sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan dated November 20, 2024. 6. The shares were sold in multiple transactions at prices ranging from $2.23 to $2.40. These sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan dated November 20, 2024. 7. The shares were sold in multiple transactions at prices ranging from $2.295 to $2.36. These sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan dated November 20, 2024.

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:	12/18/2025

FAQ

How much of loanDepot (LDI) stock does Anthony Li Hsieh currently beneficially own?

Anthony Li Hsieh reports beneficial ownership of 110,381,142 shares of loanDepot Class A common stock, representing 46.7% of the class. This figure is calculated under SEC beneficial ownership rules assuming conversion of his Class C common stock and is based on 126,394,171 Class A shares outstanding as of November 5, 2025.

What recent loanDepot (LDI) share sales did Anthony Li Hsieh disclose?

Through the JLSSAA Trust, Anthony Li Hsieh disclosed sales totaling 2,082,226 Class A shares between December 8 and December 18, 2025. The daily weighted average prices ranged from $2.2926 to $2.8076 per share, with each day’s trades executed in multiple transactions within disclosed price ranges.

Were Anthony Li Hsieh’s recent loanDepot (LDI) share sales under a Rule 10b5-1 plan?

Yes. The filing states that certain sales on December 15, 16, 17, and 18, 2025 were effected pursuant to Anthony Li Hsieh’s Rule 10b5-1 trading plan dated November 20, 2024. This plan pre-specified trading parameters for those transactions.

What voting and dispositive power does Anthony Li Hsieh report over loanDepot (LDI) shares?

The filing shows sole voting and dispositive power over 386,057 shares and shared voting and dispositive power over 109,995,085 shares of Class A common stock, reflecting both his direct holdings and his relationships with certain Class C stockholders as described in the statement.

What equity awards in loanDepot (LDI) does Anthony Li Hsieh hold in addition to common shares?

In addition to his beneficial ownership of Class A common stock, Anthony Li Hsieh holds 49,213 unvested restricted stock units (RSUs) and 1,500,000 unvested performance stock units (PSUs) of loanDepot, as disclosed in the interest in securities section.

What is the reference share count used to calculate Anthony Li Hsieh’s 46.7% stake in loanDepot (LDI)?

The 46.7% beneficial ownership figure is based on 126,394,171 shares of loanDepot Class A common stock outstanding as of November 5, 2025, a number reported by the company in its Form 10-Q filed on November 7, 2025.