Valerie Kay - 25 May 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief Capital Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 May 2021
Net transactions value
-$205,871
Form type
4
Filing time
27 May 2021, 20:17:58 UTC
Previous filing
24 May 2021
Next filing
24 Jun 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 Options Exercise $0 +2,459 +3.3% $0.000000 77,739 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $19,082 -1,341 -1.7% $14.23 76,398 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +7,233 +9.5% $0.000000 83,631 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $54,154 -3,896 -4.7% $13.90 79,735 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +1,529 +1.9% $0.000000 81,264 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $11,426 -822 -1% $13.90 80,442 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4,493 +5.6% $0.000000 84,935 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $33,527 -2,412 -2.8% $13.90 82,523 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +6,298 +7.6% $0.000000 88,821 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $46,899 -3,374 -3.8% $13.90 85,447 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +5,487 +6.4% $0.000000 90,934 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $40,783 -2,934 -3.2% $13.90 88,000 25 May 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 -2,459 -50% $0.000000 2,460 25 May 2021 Common Stock 2,459 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -7,233 -20% $0.000000 28,933 25 May 2021 Common Stock 7,233 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -1,529 -33% $0.000000 3,059 25 May 2021 Common Stock 1,529 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4,493 -13% $0.000000 31,450 25 May 2021 Common Stock 4,493 $0.000000 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,298 -8.3% $0.000000 69,278 25 May 2021 Common Stock 6,298 $0.000000 Direct F1, F4, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,487 -8.3% $0.000000 60,358 25 May 2021 Common Stock 5,487 $0.000000 Direct F1, F4, F9
* 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 November 25, 2017, 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 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.
F6 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.
F7 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.
F8 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.
F9 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.