Allan R. Landon - 20 May 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role: Director
Signature: /s/ Brandon Pace, attorney-in-fact
Issuer symbol: LC
Transactions as of: 20 May 2021
Net transactions value: +$12,400
Form type: 4
Filing time: 24 May 2021, 18:44:38 UTC
Previous filing: 14 May 2021
Next filing: 28 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LC	Common Stock	Purchase	$12,400	+1,000	+13%	$12.40	8,589	20 May 2021	Direct
holding	LC	Common Stock						22,525	20 May 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of Restricted Stock Units ("RSU") under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs are subject to the following vesting schedule: 89 RSUs vested on February 1, 2021, 5,654 RSUs will vest on February 1, 2022, and an additional 6.22% of the total RSUs will vest each quarter thereafter, subject to continued service through each vesting date.

Content

Represents a grant of Restricted Stock Units ("RSU") under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs are subject to the following vesting schedule: 89 RSUs vested on February 1, 2021, 5,654 RSUs will vest on February 1, 2022, and an additional 6.22% of the total RSUs will vest each quarter thereafter, subject to continued service through each vesting date.