Bahman Koohestani - May 25, 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief Technology Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
May 25, 2021
Transactions value $
-$230,893
Form type
4
Date filed
5/27/2021, 06:36 PM
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +14.8K +13.28% $0.00 127K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$109K -7.81K -6.17% $13.90 119K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +1.53K +1.29% $0.00 120K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$11.2K -806 -0.67% $13.90 119K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4.49K +3.76% $0.00 124K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$32.9K -2.37K -1.91% $13.90 122K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +6.3K +5.18% $0.00 128K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$46.1K -3.32K -2.59% $13.90 125K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4.39K +3.52% $0.00 129K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$32.1K -2.31K -1.79% $13.90 127K May 25, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -14.8K -20% $0.00 59.3K May 25, 2021 Common Stock 14.8K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -1.53K -33.33% $0.00 3.06K May 25, 2021 Common Stock 1.53K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4.49K -12.5% $0.00 31.5K May 25, 2021 Common Stock 4.49K $0.00 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6.3K -8.33% $0.00 69.3K May 25, 2021 Common Stock 6.3K $0.00 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4.39K -8.33% $0.00 48.3K May 25, 2021 Common Stock 4.39K $0.00 Direct F1, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F2 Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F3 The RSUs vested as to 6.25% of the total shares on August 25, 2018, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F4 Not applicable
F5 The RSUs vested as to 25% of the total shares on May 25, 2020, with an additional 12.5% of the total shares vesting quarterly thereafter, subject to continuous service through each vesting date.
F6 The RSUs vested as to 6.25% of the total shares on May 25, 2019, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F7 The RSUs vested as to 6.25% of the total shares on May 25, 2020, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F8 The RSUs vested as to 8.33% of the total shares on May 25, 2021, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.