Hsieh Amends loanDepot Stake Filing

TL;DR

Hsieh updated his loanDepot (LDI) filing, check for ownership changes.

AI Summary

Anthony Hsieh, through an amendment filed on August 20, 2024, has updated his Schedule 13D filing for loanDepot, Inc. The filing indicates a change in beneficial ownership as of August 16, 2024. Specific details regarding the nature of the change or the exact number of shares involved are not provided in this excerpt.

Why It Matters

This amendment to a Schedule 13D filing by a significant holder like Anthony Hsieh can signal changes in his investment strategy or control intentions, potentially impacting loanDepot's stock.

Risk Assessment

Risk Level: medium — Amendments to 13D filings by major shareholders can indicate shifts in strategy or control, warranting investor attention.

Key Players & Entities

• Anthony Hsieh (person) — Filing person and subject of the amendment
• loanDepot, Inc. (company) — Subject company of the filing
• August 16, 2024 (date) — Date of event requiring filing
• August 20, 2024 (date) — Filing date of the amendment
• Covington & Burling LLP (company) — Legal counsel for Anthony Hsieh

FAQ

Key Financial Figures

• $0.001 — ares of Class A Common Stock, par value $0.001 per share (the “ Class A Common S
• $1.86050 — hted Average Price 5/28/2024 50,000 $1.86050 (1) 5/30/2024 50,000 $1.80590 (2)
• $1.80590 — ,000 $1.86050 (1) 5/30/2024 50,000 $1.80590 (2) 5/31/2024 50,000 $1.81060 (3)
• $1.81060 — ,000 $1.80590 (2) 5/31/2024 50,000 $1.81060 (3) 6/3/2024 50,000 $1.80530 (4)
• $1.80530 — 0,000 $1.81060 (3) 6/3/2024 50,000 $1.80530 (4) 6/4/2024 43,281 $1.81000 (5)
• $1.81000 — 0,000 $1.80530 (4) 6/4/2024 43,281 $1.81000 (5) 6/10/2014 162,596 $1.98900 (6)
• $1.98900 — 281 $1.81000 (5) 6/10/2014 162,596 $1.98900 (6) 6/11/2024 147,668 $1.92140 (7)
• $1.92140 — 596 $1.98900 (6) 6/11/2024 147,668 $1.92140 (7) 6/12/2024 102,054 $2.06870 (8)
• $2.06870 — 668 $1.92140 (7) 6/12/2024 102,054 $2.06870 (8) 6/13/2024 63,297 $1.88290 (9)
• $1.88290 — ,054 $2.06870 (8) 6/13/2024 63,297 $1.88290 (9) 6/14/2024 58,063 $1.84500 (10)
• $1.84500 — ,297 $1.88290 (9) 6/14/2024 58,063 $1.84500 (10) 8/16/2024 268,689 $2.88130 (11
• $2.88130 — 63 $1.84500 (10) 8/16/2024 268,689 $2.88130 (11) 8/19/2024 267,972 $2.73770 (12
• $2.73770 — 89 $2.88130 (11) 8/19/2024 267,972 $2.73770 (12) 8/20/2024 213,339 $2.69790 (13
• $2.69790 — 72 $2.73770 (12) 8/20/2024 213,339 $2.69790 (13) 1. The shares were sold in multi
• $1.80 — ple transactions at prices ranging from $1.80 to $1.955. 2. The shares were sold in

Filing Documents

• e24357_ldi-sc13da.htm (SC 13D/A) — 42KB
• 0001552781-24-000500.txt ( ) — 43KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a), (b) The information relating to the beneficial ownership of the Class A Common Stock by the Reporting Person set forth in Rows 7 through 13 of the cover page hereto and the related footnotes are incorporated by reference herein and is as of the date hereof. Such information assumes there are 88,134,396 shares of the Issuer’s Class A Common Stock outstanding on August 5, 2024 as reported by the Issuer in its Annual Report on Form 10-Q for the three-months ended June 30, 2024, filed with the SEC on August 8, 2024. The Reporting Person also owns 61,763 unvested restricted stock units of the Issuer. By virtue of the relationship among the Reporting Person and the Class C Stockholders (as defined in the Original Filing), the Reporting Person may be deemed to share the power to vote or direct the vote and to share the power to dispose of or direct the disposition of the shares of Class A Common Stock as set forth in rows 7 through 13 of the cover pages of this Statement. The filing of this Statement shall not be construed as an admission that such individual is, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement. Certain of the shares obtainable upon exchange of Class C Common Stock are required to be delivered to third parties and would not be retained by the Reporting Person upon exchange. (c) The Reporting Person, through the JLSSAA Trust, has sold certain shares of Class A Common Stock as shown in the table below. The amounts reported are weighted average prices. The Reporting Person undertakes to provide the Issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, specific trade amounts and pricing at which the respective transactions were effected. Date Number of Shares Weighted Average Price 5/28/2024 50,000 $1.86050 (1) 5/30/2024 50,000 $1.80590 (2) 5/31/2024 50

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this amendment is true, complete and correct. Anthony Li Hsieh By: /s/ Anthony Li Hsieh Dated: August 20, 2024