Hsieh Amends loanDepot Stake Filing

TL;DR

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

AI Summary

Anthony Hsieh, through an amendment filed on September 16, 2024, has updated his Schedule 13D filing regarding 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 this excerpt, but the amendment signifies an update to his holdings.

Why It Matters

Changes in significant shareholder filings like this can signal shifts in control or investment strategy, potentially impacting the stock price of loanDepot, Inc.

Risk Assessment

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

Key Players & Entities

• Anthony Hsieh (person) — Filing person and beneficial owner
• loanDepot, Inc. (company) — Subject company
• Covington & Burling LLP (company) — Legal counsel for filing person

FAQ

Key Financial Figures

• $0.001 — ares of Class A Common Stock, par value $0.001 per share (the “ Class A Common S
• $2.44 — ted Average Price 9/10/2024 237,067 $2.44 (1) 9/10/2024 39,846 $2.452 (2) 9
• $2.452 — 237,067 $2.44 (1) 9/10/2024 39,846 $2.452 (2) 9/11/2024 425,445 $2.3162 (3)
• $2.3162 — 9,846 $2.452 (2) 9/11/2024 425,445 $2.3162 (3) 9/11/2024 54,643 $2.3092 (4)
• $2.3092 — 5,445 $2.3162 (3) 9/11/2024 54,643 $2.3092 (4) 9/12/2024 537,488 $2.2691 (5)
• $2.2691 — ,643 $2.3092 (4) 9/12/2024 537,488 $2.2691 (5) 9/12/2024 50,000 $2.262 (6) 9
• $2.262 — 7,488 $2.2691 (5) 9/12/2024 50,000 $2.262 (6) 9/13/2024 8,141 $2.574 (7) 9/
• $2.574 — 50,000 $2.262 (6) 9/13/2024 8,141 $2.574 (7) 9/13/2024 2,000 $2.555 (8) 1.
• $2.555 — 8,141 $2.574 (7) 9/13/2024 2,000 $2.555 (8) 1. The shares were sold in multip
• $2.41 — ple transactions at prices ranging from $2.41 to $2.51 . 2. The shares were sold in
• $2.51 — actions at prices ranging from $2.41 to $2.51 . 2. The shares were sold in multiple
• $2.40 — ple transactions at prices ranging from $2.40 to $2.51. These sales were effected pur
• $2.27 — ple transactions at prices ranging from $2.27 to $2.45 . 4. The shares were sold in
• $2.45 — actions at prices ranging from $2.27 to $2.45 . 4. The shares were sold in multiple
• $2.26 — ple transactions at prices ranging from $2.26 to $2.43. These sales were effected pur

Filing Documents

• e24391_ldi-sc13da.htm (SC 13D/A) — 36KB
• 0001552781-24-000530.txt ( ) — 38KB

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 9/10/2024 237,067 $2.44 (1) 9/10/2024 39,846 $2.452 (2) 9/11/2024 425,44

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 16, 2024