Hsieh Amends loanDepot Stake Filing

TL;DR

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

AI Summary

Anthony Hsieh, through an amendment filed on November 5, 2024, has updated his Schedule 13D filing regarding loanDepot, Inc. The filing indicates a change in the beneficial ownership of Class A Common Stock. Specific details on the percentage change or new holdings are not explicitly stated in this excerpt, but the amendment signifies an ongoing disclosure requirement for significant shareholders.

Why It Matters

This amendment signals a potential shift or update in the holdings of a key insider, which could influence investor perception and trading activity for loanDepot.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can impact stock price and require further investigation.

Key Numbers

• 11 — Amendment Number (Indicates this is the 11th update to the filing.)
• 20241105 — Filing Date (The date the amendment was submitted to the SEC.)

Key Players & Entities

• Anthony Hsieh (person) — Filing person and beneficial owner
• loanDepot, Inc. (company) — Subject company
• Frank M. Conner, III (person) — Authorized to receive notices
• Michael P. Reed (person) — Authorized to receive notices
• Covington & Burling LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $0.001 — ares of Class A Common Stock, par value $0.001 per share (the “ Class A Common S
• $2.0428 — ed Average Price 10/14/2024 242,355 $2.0428 (1) 10/15/2024 207,761 $2.0654 (2)
• $2.0654 — 355 $2.0428 (1) 10/15/2024 207,761 $2.0654 (2) 10/16/2024 18,806 $2.0597 (3)
• $2.0597 — ,761 $2.0654 (2) 10/16/2024 18,806 $2.0597 (3) 10/31/2024 255,428 $2.1100 (4)
• $2.1100 — 806 $2.0597 (3) 10/31/2024 255,428 $2.1100 (4) 11/1/2024 192,298 $2.0809 (5)
• $2.0809 — ,428 $2.1100 (4) 11/1/2024 192,298 $2.0809 (5) 1. The shares were sold in multip
• $2.02 — ple transactions at prices ranging from $2.02 to $2.14. These sales were effected pur
• $2.14 — actions at prices ranging from $2.02 to $2.14. These sales were effected pursuant to
• $2.03 — ple transactions at prices ranging from $2.03 to $2.12. These sales were effected pur
• $2.12 — actions at prices ranging from $2.03 to $2.12. These sales were effected pursuant to
• $2.055 — ple transactions at prices ranging from $2.055 to 2.085. These sales were effected pur
• $2.145 — ple transactions at prices ranging from $2.145 to $2.105. These sales were effected pu
• $2.105 — ctions at prices ranging from $2.145 to $2.105. These sales were effected pursuant to
• $2.07 — ple transactions at prices ranging from $2.07 to $2.15. These sales were effected pur
• $2.15 — actions at prices ranging from $2.07 to $2.15. These sales were effected pursuant to

Filing Documents

• e24434_ldi-sc13da.htm (SC 13D/A) — 34KB
• 0001552781-24-000581.txt ( ) — 35KB

Purpose of Transaction

Item 4. Purpose of Transaction The penultimate paragraph in Item 4 of the Original Filing, as amended, is hereby further amended to read as follows: 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. As previously disclosed, pursuant to the terms of the Registration Rights Agreement, the Reporting Person exercised his right to request that the Issuer file a registration statement with the U.S. Securities and Exchange Commission (“ SEC ”) to register the offer and sale, from time to time, of approximately 137.1 million shares of Class A Common Stock that are beneficially owned by the Reporting Person. Such registration statement on Form S-3 was filed with the SEC on October 11, 2024 and declared effective on October 22, 2024. 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 92,557,927 shares of the Issuer’s Class A Common Stock outstanding on October 9, 2024 as reported by the Issuer on a registration statement on Form S-3 filed with the SEC on October 11, 2024. The Reporting Person also owns 45,290 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 10/14/2024 242,355 $2.0428 (1) 10/15/2024 207,761 $2.0654 (2) 10/16/2024 18,806 $2.0597 (3) 10/31/2024

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: November 5, 2024