SCHEDULE: Anthony Hsieh Reduces loanDepot Stake

Anthony Hsieh, a significant shareholder of loanDepot, Inc., has reported a reduction in his beneficial ownership of Class A Common Stock through recent sales.

Summary

• Anthony Hsieh, the Reporting Person, filed Amendment No. 23 to his Schedule 13D regarding his beneficial ownership in loanDepot, Inc. (LDPT).
• As of December 18, 2025, Hsieh beneficially owns an aggregate of 110,381,142 shares of Class A Common Stock, representing 46.7% of the class.
• This ownership includes 386,057 shares with sole voting and dispositive power, and 109,995,085 shares with shared voting and dispositive power.
• The percentage of class is calculated based on 126,394,171 shares of Class A Common Stock outstanding on November 5, 2025, as reported by the Issuer in a Form 10-Q.
• Hsieh also holds 49,213 unvested restricted stock units (RSUs) and 1,500,000 unvested performance stock units (PSUs).
• Through the JLSSAA Trust, Hsieh sold a total of 2,082,226 shares of Class A Common Stock between December 8, 2025, and December 18, 2025.
• Sales prices ranged from a weighted average of $2.8076 on December 8, 2025, down to $2.2926 on December 17, 2025, and $2.3228 on December 18, 2025.
• Sales from December 15, 2025, through December 18, 2025, were executed under a Rule 10b5-1 trading plan established on November 20, 2024.

Sentiment

Score: 3

Explanation: The filing indicates significant insider selling by a major shareholder, which is generally perceived negatively by the market as it can signal a lack of confidence or a belief that the stock is fully valued or overvalued. The declining sale prices further reinforce this negative sentiment.

Negatives

• Significant insider selling by a major shareholder, Anthony Hsieh, totaling 2,082,226 shares over a short period.
• The weighted average sale prices declined over the period, from $2.8076 on December 8, 2025, to $2.3228 on December 18, 2025, potentially indicating a lack of confidence or a need for liquidity at decreasing valuations.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership filing.

Industry Context

This filing reflects an individual shareholder's activity rather than broader industry trends. However, significant insider selling, even if pre-planned, can sometimes be interpreted by the market as a signal regarding the company's near-term prospects or valuation within its sector, especially in the mortgage lending industry which is sensitive to interest rates and economic conditions.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price.

Key Dates

Recommendation

The substantial insider selling by a key shareholder, Anthony Hsieh, particularly at declining prices, suggests a potential lack of confidence in the company's near-term prospects or a belief that the stock is currently overvalued. While some sales were pre-planned under a 10b5-1 plan, the sheer volume and the price trend warrant caution. Investors should view this as a negative signal and consider reducing their exposure or avoiding new positions until more positive catalysts emerge or the selling pressure subsides.

Keywords

loanDepot, Anthony Hsieh, Schedule 13D, Class A Common Stock, beneficial ownership, insider selling, stock sales, Rule 10b5-1 plan, LDPT