SCHEDULE: Anthony Hsieh Amends loanDepot Stake, Details Stock Sales

Anthony Hsieh, a significant shareholder of loanDepot, Inc., filed an Amendment No. 24 to his Schedule 13D, disclosing recent stock sales and an exchange of Class C Common Stock for Class A Common Stock.

Summary

• Anthony Hsieh, the Reporting Person, beneficially owns an aggregate of 106,563,368 shares of loanDepot, Inc.'s Class A Common Stock, representing 45.11% of the class.
• This percentage is calculated based on 126,394,171 shares of Class A Common Stock outstanding on November 5, 2025, as reported by loanDepot on a Form 10-Q.
• The Reporting Person holds sole voting power over 168,283 shares and shared voting power over 106,395,085 shares.
• The Reporting Person also holds sole dispositive power over 168,283 shares and shared dispositive power over 106,395,085 shares.
• Additionally, the Reporting Person owns 49,213 unvested restricted stock units (RSUs) and 1,500,000 unvested performance stock units (PSUs).
• Through the JLSSAA Trust, the Reporting Person sold a total of 1,517,774 shares of Class A Common Stock across three dates: 217,774 shares on December 19, 2025, at a weighted average price of $2.2776; 415,505 shares on January 14, 2026, at $2.6559; and 884,495 shares on January 15, 2026, at $2.6956.
• These sales were executed pursuant to the Reporting Person's Rule 10b5-1 trading plan dated November 20, 2024.
• On December 21, 2025, the Reporting Person elected to cause Trilogy Mortgage Holdings, Inc. to exchange 1,300,000 Common Units for an equal number of Class A Common Stock shares, with corresponding Class C Common Stock cancelled.

Sentiment

Score: 5

Explanation: The filing is a factual compliance document detailing changes in beneficial ownership and insider transactions. While insider selling can be viewed negatively, the filing itself does not provide performance-related information to significantly shift sentiment.

Positives

• The exchange of 1,300,000 Common Units for Class A Common Stock simplifies the ownership structure and potentially increases liquidity for those shares.

Negatives

• Significant insider selling by Anthony Hsieh, totaling over 1.5 million shares, could be perceived negatively by investors, potentially signaling a lack of confidence or a move towards diversification.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding loanDepot's future performance or strategic direction.

Industry Context

This filing is a routine compliance update regarding beneficial ownership changes by a significant insider. It does not provide information directly related to broader industry trends or competitive landscape, but insider selling can sometimes be interpreted in the context of market conditions or company-specific outlooks within the mortgage lending sector.

Related Party Transactions

• The Reporting Person, through the JLSSAA Trust, sold shares of Class A Common Stock.
• The Reporting Person elected to cause Trilogy Mortgage Holdings, Inc. to exchange 1,300,000 Common Units for Class A Common Stock, with corresponding Class C Common Stock cancelled.

Stakeholder Impact

• Shareholders may interpret the significant insider selling by Anthony Hsieh as a potential negative signal regarding the company's short-term prospects or the insider's personal view on valuation, which could influence stock price.

Key Dates

Recommendation

This Schedule 13D filing primarily reports changes in beneficial ownership and insider stock sales by a significant shareholder. While the sale of over 1.5 million shares by an insider could be perceived as a negative signal, it was conducted under a pre-arranged Rule 10b5-1 trading plan, often used for personal financial planning or diversification. The filing does not provide new information on the company's operational performance, financial health, or strategic outlook. Therefore, based solely on this compliance document, a 'hold' recommendation is appropriate, as there isn't sufficient fundamental information to warrant a strong buy or sell decision, but the insider selling warrants attention.

Keywords

loanDepot, LDI, Anthony Hsieh, Schedule 13D, beneficial ownership, Class A Common Stock, insider trading, stock sales, Rule 10b5-1 plan, equity exchange