SCHEDULE: Anthony Hsieh Reduces loanDepot Stake by 2.65M Shares
Beneficial Ownership Amendment
Anthony Hsieh, a significant beneficial owner of loanDepot, Inc., has reported the sale of 2.65 million shares of Class A Common Stock.
Summary
- Anthony Hsieh, the Reporting Person, beneficially owns an aggregate of 113,438,762 shares of loanDepot, Inc. Class A Common Stock, representing 48.50% of the class.
- This beneficial ownership includes 143,677 shares with sole voting and dispositive power, and 113,295,085 shares with shared voting and dispositive power.
- The percentage of ownership is calculated based on 112,351,102 Class A Common Stock shares outstanding as of August 6, 2025, and assumes conversion of the Reporting Person's Class C Common Stock only.
- Hsieh also holds 73,819 unvested restricted stock units (RSUs) and 1,500,000 unvested performance stock units (PSUs).
- Through the JLSSAA Trust, Hsieh sold 1,300,000 shares of Class A Common Stock on September 12, 2025, at a weighted average price of $4.1028 per share (ranging from $4.00 to $4.32).
- An additional 1,350,000 shares were sold on September 15, 2025, at a weighted average price of $4.6128 per share (ranging from $4.315 to $4.785).
Sentiment
Score: 4
Explanation: The Reporting Person, Anthony Hsieh, sold a substantial number of shares, which can be viewed negatively by the market, though he retains a significant beneficial ownership percentage.
Negatives
- Significant insider selling by a major beneficial owner can be perceived negatively by the market, potentially signaling a lack of confidence or a move to diversify holdings.
Risks
- Certain 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, which could impact the Reporting Person's future direct ownership.
Future Outlook
This filing does not provide any forward-looking statements or guidance regarding loanDepot's future performance or strategic direction.
Industry Context
This filing pertains to an individual's beneficial ownership changes and does not offer insights into broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders may react negatively to the news of significant insider selling, potentially leading to downward pressure on the stock price.
Key Dates
| Date | Description |
|---|---|
| 08/06/2025 | Date on which 112,351,102 shares of loanDepot's Class A Common Stock were reported outstanding. |
| 08/08/2025 | Date loanDepot filed its Form 10-Q with the SEC, reporting outstanding shares. |
| 09/12/2025 | Date of event requiring this filing; 1,300,000 shares of Class A Common Stock sold. |
| 09/15/2025 | Date 1,350,000 shares of Class A Common Stock sold. |
| 09/16/2025 | Date of filing of Amendment No. 20 to Schedule 13D. |
Recommendation
holdThe filing indicates significant insider selling by Anthony Hsieh, a major beneficial owner, which typically signals a lack of confidence or a desire for diversification. However, the filing does not provide fundamental company performance data to justify a 'sell' recommendation, and Hsieh still retains a substantial ownership percentage (48.50%). Investors should monitor future filings and company performance for further insights.
Keywords
loanDepot, LDI, Anthony Hsieh, Schedule 13D, beneficial ownership, stock sale, insider selling, Class A Common Stock
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