Form 4: LoanDepot Director Anthony Hsieh Sells Shares

Anthony Hsieh, a director and 10% owner of loanDepot, Inc., sold 43,281 shares of Class A Common Stock at an average price of $1.81 on June 4, 2024.

Summary

• On June 4, 2024, Anthony Hsieh, a director and 10% owner of loanDepot, Inc. (LDI), sold 43,281 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $1.81, with individual transactions ranging from $1.77 to $1.86.
• Following the transaction, Hsieh directly owns 89,566 shares and indirectly owns 2,813,324 shares through The JLSSAA Trust.
• Hsieh, as trustee, has voting and investment power over the assets of The JLSSAA Trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a company insider. The sentiment is neither particularly positive nor negative without additional context.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell the company's securities.

Stakeholder Impact

• The stock sale could potentially influence shareholder sentiment, depending on the size and context of the transaction.

Key Dates