Form 4: LoanDepot Director Anthony Hsieh Sells Shares Under 10b5-1 Trading Plan

Anthony Hsieh, a director and 10% owner of loanDepot, Inc., sold shares of Class A Common Stock on October 31, 2024, and November 1, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Anthony Hsieh, a director and 10% owner of loanDepot, sold shares of Class A Common Stock on October 31, 2024, and November 1, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 30, 2024.
• On October 31, 2024, 255,428 shares were sold at a weighted average price of $2.111, with prices ranging from $2.105 to $2.145.
• On November 1, 2024, 192,298 shares were sold at a weighted average price of $2.0809, with prices ranging from $2.065 to $2.145.
• Following these transactions, Anthony Hsieh directly owns 73,781 shares and indirectly owns 7,479,960 shares through the JLSSAA Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of overall company performance and insider sentiment. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on immediate market conditions.

Stakeholder Impact

• The stock sales could potentially exert downward pressure on the stock price in the short term.
• Shareholders may interpret the sales as a lack of confidence by the director, although the 10b5-1 plan mitigates this concern.

Key Dates