Form 4: loanDepot CEO Sells Over 4 Million Shares

loanDepot's Executive Chair, CEO, and 10% owner, Anthony Li Hsieh, sold over 4.1 million shares of Class A Common Stock in early September 2025 under a pre-arranged 10b5-1 trading plan.

Summary

• Anthony Li Hsieh, Executive Chair, CEO, and 10% owner of loanDepot, Inc. (LDI), reported sales of Class A Common Stock.
• On September 4, 2025, Hsieh sold 1,110,454 shares at a weighted average price of $2.1746 per share, with prices ranging from $2.01 to $2.28.
• On September 5, 2025, an additional 3,046,005 shares were sold at a weighted average price of $2.644 per share, with prices ranging from $2.29 to $2.90.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on November 20, 2024.
• Following these sales, Hsieh directly owns 143,677 shares and indirectly owns 4,693,712 shares through The JLSSAA Trust, over which he has voting and investment power.

Sentiment

Score: 3

Explanation: The significant insider selling by the CEO, even if pre-planned, could be interpreted negatively by investors, suggesting a lack of confidence or personal liquidity needs rather than a positive outlook for the company's stock.

Negatives

• Significant insider selling by the Executive Chair, CEO, and 10% owner could be perceived negatively by the market, potentially signaling a lack of confidence or a need for liquidity.
• The sale of over 4.1 million shares represents a substantial reduction in direct and indirect holdings by a key executive.

Stakeholder Impact

• Shareholders: May view the significant insider selling negatively, potentially leading to downward pressure on the stock price due to perceived lack of insider confidence.

Key Dates

Recommendation

The significant insider selling by the Executive Chair and CEO, Anthony Li Hsieh, could be a negative signal to the market. However, the sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which suggests the decision to sell was made in advance and not necessarily based on recent negative developments. Without additional financial or operational context, a 'hold' recommendation is prudent, advising investors to monitor future company performance and insider activity closely.

Keywords

loanDepot, LDI, Anthony Li Hsieh, Insider Selling, Form 4, 10b5-1 Plan, Executive Chair, CEO, Stock Sale, Beneficial Ownership