Hsieh Amends loanDepot Stake Filing

TL;DR

Hsieh updated his loanDepot stake filing - check for ownership changes.

AI Summary

Anthony Hsieh filed an amendment (Amendment No. 9) to his Schedule 13D on September 10, 2024, regarding his holdings in loanDepot, Inc. The filing indicates a change in the beneficial ownership of Class A Common Stock. The specific details of the change in ownership percentage or number of shares are not explicitly stated in the provided text, but the amendment signifies an update to his previously reported stake.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in major shareholder intentions or influence, potentially impacting the stock's trading dynamics.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position, which can introduce volatility.

Key Numbers

• Amendment No. 9 — Filing Amendment (Indicates this is an update to a previous filing)
• September 10, 2024 — Filing Date (Date of the event requiring the filing)

Key Players & Entities

• Anthony Hsieh (person) — Filing person and beneficial owner
• loanDepot, Inc. (company) — Subject company
• 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
• $2.6459 — ghted Average Price 9/4/2024 61,747 $2.6459 (1) 9/5/2024 107,674 $2.5685 (2)
• $2.5685 — 1,747 $2.6459 (1) 9/5/2024 107,674 $2.5685 (2) 9/6/2024 239,729 $2.4410 (3)
• $2.4410 — 7,674 $2.5685 (2) 9/6/2024 239,729 $2.4410 (3) 9/9/2024 27,713 $2.5183 (4) 1
• $2.5183 — 39,729 $2.4410 (3) 9/9/2024 27,713 $2.5183 (4) 1. The shares were sold in multip
• $2.595 — ple transactions at prices ranging from $2.595 to $2.71. 2. The shares were sold in
• $2.71 — ctions at prices ranging from $2.595 to $2.71. 2. The shares were sold in multiple
• $2.54 — ple transactions at prices ranging from $2.54 to $2.62. 3. The shares were sold in
• $2.62 — actions at prices ranging from $2.54 to $2.62. 3. The shares were sold in multiple
• $2.39 — ple transactions at prices ranging from $2.39 to $2.55. 4. The shares were sold in
• $2.55 — actions at prices ranging from $2.39 to $2.55. 4. The shares were sold in multiple
• $2.575 — actions at prices ranging from $2.39 to $2.575. Item 6. Contracts, Arrangements, Und

Filing Documents

• e24388_ldi-sc13da.htm (SC 13D/A) — 34KB
• e24388_ex1.htm (EX-1) — 196KB
• 0001552781-24-000526.txt ( ) — 232KB

Purpose of Transaction

Item 4. Purpose of Transaction The paragraph below is hereby added as the penultimate paragraph in Item 4 of the Original Filing: As previously disclosed, the Reporting Person is party to the Registration Rights Agreement, dated as of February 16, 2021 (the “ Registration Rights Agreement ”), by and among the Issuer, LD Holdings Group LLC, the Hsieh Investors (as defined therein) and certain other holders identified therein. Pursuant to the terms of the Registration Rights Agreement, the Reporting Person has exercised his right to request that the Issuer file a registration statement with the U.S. Securities and Exchange Commission to register the offer and sale, from time to time, of 35 million shares of Class A Common Stock that are beneficially owned by the Reporting Person. The Reporting Person reserves the right to increase or decrease the number of shares to be registered or withdraw the registration request. There can be no guarantee that the Reporting Person will commence or consummate an offering under the registration statement. The Reporting Person may make additional registration requests in the future pursuant to the Registration Rights Agreement. The foregoing does not constitute an offer of any securities for sale.

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 9/4/2024 61,747 $2.6459 (1) 9/5/2024 107,674 $2.5685 (2) 9/6/2024 239,72

Contracts, Arrangements, Understandings or Relationships With

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

of the Original Filing is hereby amended to add the following

Item 6 of the Original Filing is hereby amended to add the following: Effective upon consummation of the Issuer’s IPO, the Reporting Person entered into the Registration Rights Agreement pursuant to which the Issuer is required to register the sale of shares of Class A Common Stock held by the Reporting Person and certain of his affiliates (collectively defined therein as the Hsieh Investors) and the Parthenon Investors (as defined therein). The Registration Rights Agreement requires the Issuer to make available and keep effective shelf registration statements permitting sales of shares into the market from time to time over an extended period. In addition, the Hsieh Investors and the Parthenon Investors have the ability to exercise certain demand registration rights and/or piggyback registration rights in connection with registered offerings requested by any of such holders or initiated by the Issuer. This summary of the Registration Rights Agreement is qualified in its entirety by reference to the text of the Registration Rights Agreement which is incorporated by reference as Exhibit 1 hereto.

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits Exhibit 1 - Registration Rights Agreement, dated February 16, 2021, by and among loanDepot, Inc., LD Holdings Group LLC and certain holders identified therein.

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 10, 2024