Ronnie Momen - 07 May 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief of Consumer Banking
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
07 May 2021
Net transactions value
-$247,795
Form type
4
Filing time
27 May 2021, 20:43:24 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 Gift $0 -3,423 -4.6% $0.000000 70,448 07 May 2021 Direct F1
transaction LC Common Stock Options Exercise $0 +11,393 +16% $0.000000 81,841 25 May 2021 Direct F2
transaction LC Common Stock Tax liability $83,386 -5,999 -7.3% $13.90 75,842 25 May 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +5,990 +7.9% $0.000000 81,832 25 May 2021 Direct F2
transaction LC Common Stock Tax liability $43,841 -3,154 -3.9% $13.90 78,678 25 May 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +6,718 +8.5% $0.000000 85,396 25 May 2021 Direct F2
transaction LC Common Stock Tax liability $49,178 -3,538 -4.1% $13.90 81,858 25 May 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +9,754 +12% $0.000000 91,612 25 May 2021 Direct F2
transaction LC Common Stock Tax liability $71,390 -5,136 -5.6% $13.90 86,476 25 May 2021 Direct F3

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 -11,393 -17% $0.000000 56,967 25 May 2021 Common Stock 11,393 $0.000000 Direct F2, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,990 -12% $0.000000 41,934 25 May 2021 Common Stock 5,990 $0.000000 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,718 -8.3% $0.000000 73,897 25 May 2021 Common Stock 6,718 $0.000000 Direct F2, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,754 -8.3% $0.000000 107,303 25 May 2021 Common Stock 9,754 $0.000000 Direct F2, F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents the transfer of 3,424 shares by the reporting person of Issuer common stock by bona fide gift.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F3 Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F4 The RSUs vested as to 6.25% of the total shares on November 25, 2018, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F5 Not applicable.
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.