Form 4: loanDepot Director Anthony Hsieh Sells Shares in Multiple Transactions

Anthony Hsieh, a director and 10% owner of loanDepot, Inc., sold a significant number of Class A Common Stock shares over two days in May 2024.

Summary

• Anthony Hsieh, a director and 10% owner of loanDepot, Inc. (LDI), reported the sale of Class A Common Stock shares.
• On May 15, 2024, Hsieh sold 105,591 shares at a weighted average price of $2.177, with prices ranging from $2.145 to $2.245.
• On May 16, 2024, Hsieh sold 317,976 shares at a weighted average price of $2.1618, with prices ranging from $2.12 to $2.203.
• Following these transactions, Hsieh indirectly owns 3,789,757 shares through The JLSSAA Trust, where he serves as trustee with voting and investment power.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the filing itself is a standard regulatory requirement, the sale of a significant number of shares by a director and 10% owner could be perceived negatively by investors.

Industry Context

This filing reflects insider trading activity, which is closely monitored by investors as it can provide insights into management's perspective on the company's valuation and future prospects. Large sales by insiders can sometimes be interpreted negatively by the market.

Stakeholder Impact

• Shareholders may react to the news of the director's share sales, potentially impacting the stock price.

Key Dates