Hsieh Amends loanDepot Stake Filing

TL;DR

Hsieh updated his loanDepot (LDI) 13D filing - check for ownership changes.

AI Summary

Anthony Hsieh, through an amendment filed on August 29, 2024, has updated his Schedule 13D filing concerning loanDepot, Inc. The filing indicates a change in the beneficial ownership of the company's Class A Common Stock. Specific details regarding the exact percentage or number of shares changed are not explicitly stated in this excerpt, but the amendment signifies an update to his holdings.

Why It Matters

This amendment signals a potential shift in significant shareholder influence or strategy for loanDepot, Inc., which could impact stock performance and corporate governance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings by significant shareholders like Anthony Hsieh can indicate changes in strategy or ownership, potentially affecting the stock price.

Key Players & Entities

• Anthony Hsieh (person) — Significant shareholder and filer
• loanDepot, Inc. (company) — Subject company
• August 29, 2024 (date) — Date of event requiring filing
• Covington & Burling LLP (company) — Legal counsel for filer

FAQ

Key Financial Figures

• $0.001 — ares of Class A Common Stock, par value $0.001 per share (the “ Class A Common S
• $3.0707 — hted Average Price 8/26/2024 59,739 $3.0707 (1) 8/27/2024 579,447 $2.9552 (2)
• $2.9552 — ,739 $3.0707 (1) 8/27/2024 579,447 $2.9552 (2) 8/28/2024 152,794 $2.8727 (3)
• $2.8727 — ,447 $2.9552 (2) 8/28/2024 152,794 $2.8727 (3) 8/29/2024 242,952 $2.6928 (4)
• $2.6928 — ,794 $2.8727 (3) 8/29/2024 242,952 $2.6928 (4) 8/30/2024 337,494 $2.583 (5)
• $2.583 — ,952 $2.6928 (4) 8/30/2024 337,494 $2.583 (5) 1. The shares were sold in multip
• $3.035 — ple transactions at prices ranging from $3.035 to $3.13. 2. The shares were sold in
• $3.13 — ctions at prices ranging from $3.035 to $3.13. 2. The shares were sold in multiple
• $2.91 — ple transactions at prices ranging from $2.91 to $3.03. 3. The shares were sold in
• $3.03 — actions at prices ranging from $2.91 to $3.03. 3. The shares were sold in multiple
• $2.84 — ple transactions at prices ranging from $2.84 to $3.00. 4. The shares were sold in
• $3.00 — actions at prices ranging from $2.84 to $3.00. 4. The shares were sold in multiple
• $2.60 — ple transactions at prices ranging from $2.60 to $2.85. 5. The shares were sold in
• $2.85 — actions at prices ranging from $2.60 to $2.85. 5. The shares were sold in multiple
• $2.50 — ple transactions at prices ranging from $2.50 to $2.70. As described in the Origina

Filing Documents

• e24374_ldi-sc13da.htm (SC 13D/A) — 33KB
• 0001552781-24-000506.txt ( ) — 34KB

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 8/26/2024 59,739 $3.0707 (1) 8/27/2024 579,447 $2.9552 (2) 8/28/2024 152

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: September 3, 2024