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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Aug 2021, 18:53:04 UTC
Prior SEC filing
27 May 2021
Next SEC filing
29 Nov 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Bhavit Sheth, attorney-in-fact

Key filing fact

Fergal Stack filed Form 4 for LendingClub Corp (LC) on 27 Aug 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 Aug 2021, 18:53.

Change

  • Previous filing in this sequence was filed on 27 May 2021.
  • Current net transaction value: -$245,384.

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
+4,612
Change %
+5.3%
Price
$0.000000
Shares after
92,264
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$60,581
Shares
-2,089
Change %
-2.3%
Price
$29.00
Shares after
90,175
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+3,545
Change %
+3.9%
Price
$0.000000
Shares after
93,720
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$46,034
Shares
-1,583
Change %
-1.7%
Price
$29.08
Shares after
92,137
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+2,396
Change %
+2.6%
Price
$0.000000
Shares after
94,533
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$29,574
Shares
-1,017
Change %
-1.1%
Price
$29.08
Shares after
93,516
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+5,099
Change %
+5.5%
Price
$0.000000
Shares after
98,615
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$58,364
Shares
-2,007
Change %
-2%
Price
$29.08
Shares after
96,608
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,442
Change %
+4.6%
Price
$0.000000
Shares after
101,050
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$50,832
Shares
-1,748
Change %
-1.7%
Price
$29.08
Shares after
99,302
Date
25 Aug 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
-4,612
Change %
-100%
Price
$0.000000*
Shares after
0
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,612
Exercise price
$0.000000
Footnotes
F1, F3, F4
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-3,545
Change %
-33%
Price
$0.000000
Shares after
7,090
Date
25 Aug 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 %
-14%
Price
$0.000000
Shares after
14,378
Date
25 Aug 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
-5,099
Change %
-9.1%
Price
$0.000000
Shares after
50,984
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,099
Exercise price
$0.000000
Footnotes
F1, F4, F7
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-4,442
Change %
-9.1%
Price
$0.000000
Shares after
44,420
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,442
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.

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