Form 4: loanDepot CEO Converts RSUs to Class A Stock

loanDepot's Executive Chair and CEO, Anthony Hsieh, converted 24,606 restricted stock units into Class A Common Stock.

Summary

• Anthony Li Hsieh, Executive Chair, CEO & President, and a 10% owner of loanDepot, Inc. (LDI), reported a transaction on November 28, 2025.
• The transaction involved the conversion of 24,606 Restricted Stock Units (RSUs) into Class A Common Stock.
• Following this transaction, Mr. Hsieh directly beneficially owns 168,283 shares of Class A Common Stock.
• Additionally, Mr. Hsieh indirectly beneficially owns 2,300,000 shares of Class A Common Stock through The JLSSAA Trust, where he serves as trustee with voting and investment power.
• After the conversion, Mr. Hsieh directly beneficially owns 49,213 derivative securities in the form of Restricted Stock Units.
• Each RSU represents a contingent right to receive one share of Class A Common Stock or its cash equivalent at settlement.
• The remaining RSUs are scheduled to vest ratably on February 27, 2026, and May 29, 2026.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While a routine compensation event, the conversion of RSUs into common stock increases the direct beneficial ownership of a key executive, which can be viewed favorably as it aligns management's interests with shareholders.

Positives

• The transaction represents an increase in direct beneficial ownership of Class A Common Stock by a key executive and significant shareholder, Anthony Hsieh, through the conversion of Restricted Stock Units.

Future Outlook

The filing does not provide a future outlook for the company's financial performance or strategic direction, as it is an insider transaction report.

Industry Context

This Form 4 filing details a routine insider transaction involving the conversion of Restricted Stock Units (RSUs) into common stock, a common form of executive compensation in publicly traded companies within the financial services and mortgage lending industry. Such conversions are typically pre-scheduled and do not inherently signal new strategic shifts or changes in company performance.

Stakeholder Impact

• Shareholders: The transaction increases the direct ownership stake of the Executive Chair and CEO, potentially signaling continued alignment of management interests with shareholder value.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The remaining 49,213 Restricted Stock Units held by Anthony Hsieh are scheduled to vest ratably on February 27, 2026, and May 29, 2026.

Key Dates

Recommendation

This Form 4 filing reports a routine insider transaction involving the conversion of Restricted Stock Units (RSUs) into common stock, a standard component of executive compensation. It does not provide new fundamental information about loanDepot's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. While the increase in direct insider ownership is a minor positive, it is not significant enough to alter a 'hold' recommendation based solely on this filing.

Keywords

loanDepot, LDI, Anthony Hsieh, Insider Transaction, Form 4, Restricted Stock Units, RSU Conversion, Class A Common Stock, Executive Compensation