Bahman Koohestani - 25 Aug 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief Technology Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 Aug 2021
Net transactions value
-$483,077
Form type
4
Filing time
27 Aug 2021, 18:46:49 UTC
Previous filing
03 Aug 2021
Next filing
01 Mar 2022
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 +14,837 +12% $0.000000 135,480 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $227,173 -7,812 -5.8% $29.08 127,668 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +1,529 +1.2% $0.000000 129,197 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $23,438 -806 -0.62% $29.08 128,391 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4,493 +3.5% $0.000000 132,884 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $68,803 -2,366 -1.8% $29.08 130,518 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +6,298 +4.8% $0.000000 136,816 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $96,429 -3,316 -2.4% $29.08 133,500 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4,390 +3.3% $0.000000 137,890 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $67,233 -2,312 -1.7% $29.08 135,578 25 Aug 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 -14,837 -25% $0.000000 44,511 25 Aug 2021 Common Stock 14,837 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -1,529 -50% $0.000000 1,530 25 Aug 2021 Common Stock 1,529 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4,493 -14% $0.000000 26,957 25 Aug 2021 Common Stock 4,493 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,298 -9.1% $0.000000 62,980 25 Aug 2021 Common Stock 6,298 $0.000000 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4,390 -9.1% $0.000000 43,897 25 Aug 2021 Common Stock 4,390 $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 August 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.