Annie Armstrong - Aug 25, 2021 Form 4 Insider Report for LendingClub Corp (LC)

Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Aug 25, 2021
Transactions value $
-$421,951
Form type
4
Date filed
8/27/2021, 06:43 PM
Previous filing
May 27, 2021
Next filing
Sep 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +23.8K +39.87% $0.00 83.4K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$343K -11.8K -14.13% $29.08 71.6K Aug 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +5.49K +7.66% $0.00 77.1K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$79.1K -2.72K -3.53% $29.08 74.4K Aug 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 -23.8K -8.33% $0.00 262K Aug 25, 2021 Common Stock 23.8K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5.49K -9.09% $0.00 54.9K Aug 25, 2021 Common Stock 5.49K $0.00 Direct F1, F4, F5

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 25% of the total shares on May 25, 2021, 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 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.