Hsieh Anthony Li 4

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.