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

Role
Bank-Chief Technology Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Aug 25, 2021
Transactions value $
-$483,077
Form type
4
Date filed
8/27/2021, 06:46 PM
Previous filing
Aug 3, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +14.8K +12.3% $0.00 135K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$227K -7.81K -5.77% $29.08 128K Aug 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +1.53K +1.2% $0.00 129K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$23.4K -806 -0.62% $29.08 128K Aug 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4.49K +3.5% $0.00 133K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$68.8K -2.37K -1.78% $29.08 131K Aug 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +6.3K +4.83% $0.00 137K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$96.4K -3.32K -2.42% $29.08 134K Aug 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4.39K +3.29% $0.00 138K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$67.2K -2.31K -1.68% $29.08 136K 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 -14.8K -25% $0.00 44.5K Aug 25, 2021 Common Stock 14.8K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -1.53K -49.98% $0.00 1.53K Aug 25, 2021 Common Stock 1.53K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4.49K -14.29% $0.00 27K Aug 25, 2021 Common Stock 4.49K $0.00 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6.3K -9.09% $0.00 63K Aug 25, 2021 Common Stock 6.3K $0.00 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4.39K -9.09% $0.00 43.9K Aug 25, 2021 Common Stock 4.39K $0.00 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.