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 September 4th and 5th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Anthony Hsieh, a director and 10% owner of loanDepot, Inc. (LDI), sold shares of Class A Common Stock on September 4th and 5th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 30, 2024.
• On September 4, 2024, 61,747 shares were sold at a weighted average price of $2.6459, with prices ranging from $2.595 to $2.71.
• On September 5, 2024, 107,674 shares were sold at a weighted average price of $2.5685, with prices ranging from $2.54 to $2.62.
• Following these transactions, Hsieh directly owns 104,662 shares and indirectly owns 3,487,799 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 sentiment is neutral as the filing simply reports stock sales under a pre-arranged trading plan, which doesn't inherently indicate positive or negative sentiment about the company's future.

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 plan suggests the sales were pre-planned and not based on immediate market conditions.

Stakeholder Impact

• Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan may mitigate concerns.
• The impact on employees, customers, suppliers, and creditors is likely minimal, as this is a routine transaction.

Key Dates