Fergal Stack - 25 May 2021 Form 4 Insider Report for LendingClub Corp (LC)

Reporting relationship: SVP, Corporate Controller
Issuer ticker: LC
Reported as of: 25 May 2021
Net transaction value: -$118,047
SEC form: 4
Accepted by SEC: 27 May 2021, 20:38:48 UTC
Next SEC filing: 27 Aug 2021
Source filing: View source filing
Reporting owner signature: /s/ Bhavit Sheth, attorney-in-fact

Key filing fact

Fergal Stack filed Form 4 for LendingClub Corp (LC) on 27 May 2021.

Key facts

This page summarizes Fergal Stack's Form 4 filing for LendingClub Corp (LC).
15 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 27 May 2021, 20:38.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$118,047.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,610
Change %: +6.1%
Price: $0.000000
Shares after: 80,615
Date: 25 May 2021
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Tax liability

Transaction value: $29,712
Shares: -2,088
Change %: -2.6%
Price: $14.23
Shares after: 78,527
Date: 25 May 2021
Ownership: Direct
Footnotes: F2

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,545
Change %: +4.5%
Price: $0.000000
Shares after: 82,072
Date: 25 May 2021
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Tax liability

Transaction value: $22,004
Shares: -1,583
Change %: -1.9%
Price: $13.90
Shares after: 80,489
Date: 25 May 2021
Ownership: Direct
Footnotes: F2

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,396
Change %: +3%
Price: $0.000000
Shares after: 82,885
Date: 25 May 2021
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Tax liability

Transaction value: $14,136
Shares: -1,017
Change %: -1.2%
Price: $13.90
Shares after: 81,868
Date: 25 May 2021
Ownership: Direct
Footnotes: F2

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +5,098
Change %: +6.2%
Price: $0.000000
Shares after: 86,966
Date: 25 May 2021
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Tax liability

Transaction value: $27,897
Shares: -2,007
Change %: -2.3%
Price: $13.90
Shares after: 84,959
Date: 25 May 2021
Ownership: Direct
Footnotes: F2

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,441
Change %: +5.2%
Price: $0.000000
Shares after: 89,400
Date: 25 May 2021
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Tax liability

Transaction value: $24,297
Shares: -1,748
Change %: -2%
Price: $13.90
Shares after: 87,652
Date: 25 May 2021
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -4,610
Change %: -50%
Price: $0.000000
Shares after: 4,612
Date: 25 May 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,610
Exercise price: $0.000000
Footnotes: F1, F3, F4

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -3,545
Change %: -25%
Price: $0.000000
Shares after: 10,635
Date: 25 May 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,545
Exercise price: $0.000000
Footnotes: F1, F4, F5

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -2,396
Change %: -12%
Price: $0.000000
Shares after: 16,774
Date: 25 May 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,396
Exercise price: $0.000000
Footnotes: F1, F4, F6

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -5,098
Change %: -8.3%
Price: $0.000000
Shares after: 56,083
Date: 25 May 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,098
Exercise price: $0.000000
Footnotes: F1, F4, F7

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -4,441
Change %: -8.3%
Price: $0.000000
Shares after: 48,862
Date: 25 May 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,441
Exercise price: $0.000000
Footnotes: F1, F4, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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.

Footnote F2

Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.

Footnote F3

The RSUs vested as to 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.

Footnote F4

Not applicable.

Footnote F5

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.

Footnote 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.

Footnote 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.

Footnote 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.