Hsieh Anthony Li 4
4 · loanDepot, Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
loanDepot (LDI) 10% Owner Anthony Hsieh Converts 98.8M Shares
What Happened
- Anthony Hsieh, a 10% owner of loanDepot, converted a total of 98,775,531 shares of Class C derivative securities into Class B Common Stock on February 11, 2026. The filing shows matching "disposed" and "acquired" entries for the following conversions (all $0.00 per share): 66,404,880; 3,114,521; 24,945,633; and 4,310,497 shares. This was a reclassification/conversion transaction (no sale or purchase; no cash consideration).
Key Details
- Transaction date: February 11, 2026; Filing date: February 13, 2026 (timely file).
- Price: $0.00 per share; Total shares converted: 98,775,531.
- The report lists the conversion as both disposed and acquired (reflecting reclassification from Class C to Class B).
- Footnotes: (F1) Class C shares automatically converted into Class B shares on Feb 11, 2026 per the company charter; (F2–F3) Hsieh holds voting/investment power via related entities and as trustee of the JLSSAA Trust; (F4) Class B shares may be convertible (with corresponding LD Holdings Common Units) into Class A shares or redeemed for cash under certain conditions.
- Shares owned after the transaction are not specified in the excerpt provided.
Context
- This is a structural conversion tied to the issuer’s reorganization (automatic conversion under the charter), not an open-market buy or sell. For retail investors, conversions like this are administrative—no cash changed hands and it does not by itself signal a purchase- or sale-driven sentiment. As a 10% owner, Hsieh’s holdings are reported under ownership/organizational arrangements rather than routine executive trading.
Insider Transaction Report
Form 4
Hsieh Anthony Li
DirectorExecutive Chair, CEO & Pres.10% Owner
Transactions
- Conversion
Class C Common Stock
[F1][F2]2026-02-11−66,404,880→ 0 total(indirect: By LLC) - Conversion
Class B Common Stock
[F1][F2]2026-02-11+66,404,880→ 66,404,880 total(indirect: By LLC) - Conversion
Class C Common Stock
[F1][F3]2026-02-11−3,114,521→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F1][F3]2026-02-11+3,114,521→ 3,114,521 total(indirect: By Trust) - Conversion
Class C Common Stock
[F1][F2]2026-02-11−24,945,633→ 0 total(indirect: By Trilogy Mortgage Holdings, Inc.) - Conversion
Class B Common Stock
[F1][F2]2026-02-11+24,945,633→ 24,945,633 total(indirect: By Trilogy Mortgage Holdings, Inc.) - Conversion
Class C Common Stock
[F1][F2]2026-02-11−4,310,497→ 0 total(indirect: By LLC) - Conversion
Class B Common Stock
[F1][F2]2026-02-11+4,310,497→ 4,310,497 total(indirect: By LLC)
Holdings
- 66,404,880(indirect: By LLC)
Common Units
[F1][F4][F2]→ Class A Common Stock (66,404,880 underlying) - 3,114,521(indirect: By Trust)
Common Units
[F1][F4][F3]→ Class A Common Stock (3,114,521 underlying) - 24,945,633(indirect: Trilogy Mortgage Holdings, Inc.)
Common Units
[F1][F4][F2]→ Class A Common Stock (24,945,633 underlying) - 4,310,497(indirect: By LLC)
Common Units
[F1][F4][F2]→ Class A Common Stock (4,310,497 underlying)
Footnotes (4)
- [F1]In the reorganization transactions related to Issuer's IPO, shares of Issuer's Class C Common Stock, par value $0.001 ("Class C Common Stock"), were issued to certain holders of LD Holdings Group LLC ("LD Holdings") Class A Common Units ("Common Units") equal to the number of Common Units held by such holders. Pursuant to the Issuer's Amended and Restated Certificate of Incorporation, dated February 11, 2021, each outstanding share of Class C Common Stock, automatically and without further action on the part of the Issuer or the Reporting Person, converted into one fully paid and non-assessable share of Class B Common Stock, par value $0.001 ("Class B Common Stock") on February 11, 2026. Shares of Class B Common Stock may be converted, together with the corresponding Common Units, for shares of the Issuer's Class A Common Stock, par value $0.001 ("Class A Common Stock") as described in footnote 4.
- [F2]The reporting person has voting and investment power over the shares of Class B Common Stock held by Trilogy Mortgage Holdings, Inc., JLSA, LLC and Trilogy Management Investors Six, LLC.
- [F3]As trustee, Anthony Hsieh has voting and investment power over the assets of The JLSSAA Trust ("JLSSAA Trust").
- [F4]Pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of LD Holdings, holders of Common Units may, subject to certain exceptions, from time to time require LD Holdings to redeem all or a portion of their Common Units (together with an equal number of shares of Class B Common Stock) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of Class A Common Stock on a one-for-one basis or a cash payment equal to an average market price of one share of Class A Common Stock for each Common Unit so redeemed.
Signature
/s/ Greg Smith, as Attorney-in-Fact for Anthony Li Hsieh|2026-02-13