LDI ownership update: Hsieh at 47.94% after 1.3M-share sale

Rhea-AI Filing Summary

loanDepot (LDI): Anthony Li Hsieh filed Amendment No. 21 to Schedule 13D, updating his beneficial ownership of Class A Common Stock to 112,138,762 shares, representing 47.94% of the class. The filing reflects 112,351,102 shares outstanding as of August 6, 2025 and the issuance of 1,300,000 Class A shares upon his conversion of an equal number of Class C shares on September 19, 2025.

He reports shared voting and dispositive power over 111,995,085 shares and sole power over 143,677 shares. The filing also notes 73,819 unvested RSUs and 1,500,000 unvested PSUs.

Through the JLSSAA Trust, Hsieh sold 1,300,000 Class A shares on October 14, 2025 at a weighted average price of $2.8704, executed under a Rule 10b5-1 plan dated November 20, 2024. The corresponding Class C shares tied to the exchanged Common Units were canceled on September 19, 2025.

Insights

Equity ownership & governance analyst

Ownership updated to 47.94%; includes 1.3M share sale.

Anthony Li Hsieh reports beneficial ownership of 47.94% of loanDepot Class A, or 112,138,762 shares, based on 112,351,102 shares outstanding as of Aug 6, 2025. Power is largely shared (111,995,085 shares), with a small sole position (143,677 shares).

The amendment captures two mechanics: a conversion of 1,300,000 Class C into Class A on Sep 19, 2025, and a sale of 1,300,000 Class A on Oct 14, 2025 at a weighted average of $2.8704, executed under a Rule 10b5-1 plan. Unvested awards total 73,819 RSUs and 1,500,000 PSUs.

This is primarily an administrative update to ownership and recent transactions. Actual market impact depends on broader trading volumes and future disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 21)

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)

10/14/2025

(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 143,677.00
8	Shared Voting Power 111,995,085.00
9	Sole Dispositive Power 143,677.00
10	Shared Dispositive Power 111,995,085.00

11

Aggregate amount beneficially owned by each reporting person

112,138,762.00

12

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

13

Percent of class represented by amount in Row (11)

47.94 %

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. Also reflects the issuance of 1,300,000 shares of Class A Common Stock upon the Reporting Person's conversion of an equal number of shares of Class C Common Stock on September 19, 2025 (all terms as defined below).

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. 21 ("Amendment No. 21") 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. 21 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, September 3, 2025, September 9, 2025 and September 16, 2025 (as amended prior to the date hereof, the "Original Filing," and as amended by this Amendment No. 21, the "Statement"). Except as specifically provided herein, this Amendment No. 21 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 and also reflects the issuance of 1,300,000 shares of Class A Common Stock upon the Reporting Person's conversion of an equal number of shares of Class C Common Stock on September 19, 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 10/14/2025 1,300,000 $2.8704 (1) 1. The shares were sold in multiple transactions at prices ranging from 2.71 to $3.015. These sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan dated November 20, 2024. 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 September 19, 2025, the Reporting Person elected to cause Trilogy Mortgage Holdings, Inc to exchange 1,300,000 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 September 19, 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:	10/16/2025

FAQ

What did loanDepot (LDI) disclose in this Schedule 13D/A?

An update by Anthony Li Hsieh showing 112,138,762 Class A shares beneficially owned, or 47.94% of the class.

How many loanDepot shares does Hsieh now report owning?

He reports 112,138,762 Class A shares beneficially owned, representing 47.94% of the class.

What recent transactions are included for LDI?

A 1,300,000 share conversion from Class C to Class A on Sep 19, 2025, and a 1,300,000 share sale on Oct 14, 2025 at $2.8704 weighted average.

What share count did the ownership percentage reference for LDI?

It references 112,351,102 Class A shares outstanding as of Aug 6, 2025.

What voting and dispositive powers are reported?

Hsieh has shared voting and dispositive power over 111,995,085 shares and sole power over 143,677 shares.

Are there unvested equity awards mentioned for Hsieh at LDI?

Yes, 73,819 unvested RSUs and 1,500,000 unvested PSUs are noted.

Was the sale under a trading plan?

Yes, the Oct 14, 2025 sale was under a Rule 10b5-1 plan dated Nov 20, 2024.