Form 4: LoanDepot Director Anthony Hsieh Sells Shares in Recent Transaction

LoanDepot director Anthony Hsieh sold 83,667 shares of Class A Common Stock at an average price of $2.338 on November 26, 2024.

Summary

• Anthony Hsieh, a director at loanDepot, Inc., sold 83,667 shares of Class A Common Stock on November 26, 2024.
• The shares were sold at a weighted average price of $2.338, with individual transactions ranging from $2.31 to $2.38.
• Following the transaction, Hsieh directly owns 73,781 shares and indirectly owns 5,684,228 shares through the JLSSAA Trust.
• Hsieh, as trustee, has voting and investment power over the assets of the JLSSAA Trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of a share sale by a director, with no inherent positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The sale of shares by a director is a common occurrence and does not necessarily indicate a negative outlook for the company.
• Similar filings can be seen across all publicly listed companies in the US.

Stakeholder Impact

• The share sale may have a minor impact on the stock price, but it is unlikely to be significant given the relatively small volume compared to the total shares outstanding.

Key Dates

Keywords

loanDepot, Anthony Hsieh, insider trading, share sale, Class A Common Stock, JLSSAA Trust, director