Scott Sanborn - 25 May 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
CEO
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 May 2021
Net transactions value
-$400,765
Form type
4
Filing time
27 May 2021, 20:27:17 UTC
Next filing
27 Aug 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 +9,328 +1.2% $0.000000 788,557 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $68,277 -4,912 -0.62% $13.90 783,645 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +10,190 +1.3% $0.000000 793,835 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $74,587 -5,366 -0.68% $13.90 788,469 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +9,984 +1.3% $0.000000 798,453 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $73,072 -5,257 -0.66% $13.90 793,196 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +13,496 +1.7% $0.000000 806,692 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $98,773 -7,106 -0.88% $13.90 799,586 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +11,758 +1.5% $0.000000 811,344 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $86,055 -6,191 -0.76% $13.90 805,153 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 -9,328 -25% $0.000000 27,986 25 May 2021 Common Stock 9,328 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10,190 -33% $0.000000 20,380 25 May 2021 Common Stock 10,190 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,984 -12% $0.000000 69,889 25 May 2021 Common Stock 9,984 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13,496 -8.3% $0.000000 148,453 25 May 2021 Common Stock 13,496 $0.000000 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11,758 -8.3% $0.000000 129,338 25 May 2021 Common Stock 11,758 $0.000000 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 May 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.