Ronnie Momen - 02 Aug 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
02 Aug 2021
Net transactions value
-$518,467
Form type
4
Filing time
27 Aug 2021, 18:55:46 UTC
Previous filing
27 May 2021
Next filing
29 Nov 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 -4,808 -5.6% $0.000000 81,668 02 Aug 2021 Direct F1
transaction LC Common Stock Options Exercise $0 +11,393 +14% $0.000000 93,061 25 Aug 2021 Direct F2
transaction LC Common Stock Tax liability $174,451 -5,999 -6.4% $29.08 87,062 25 Aug 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +5,991 +6.9% $0.000000 93,053 25 Aug 2021 Direct F2
transaction LC Common Stock Tax liability $91,747 -3,155 -3.4% $29.08 89,898 25 Aug 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +6,718 +7.5% $0.000000 96,616 25 Aug 2021 Direct F2
transaction LC Common Stock Tax liability $102,885 -3,538 -3.7% $29.08 93,078 25 Aug 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +9,755 +10% $0.000000 102,833 25 Aug 2021 Direct F2
transaction LC Common Stock Tax liability $149,384 -5,137 -5% $29.08 97,696 25 Aug 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 -20% $0.000000 45,574 25 Aug 2021 Common Stock 11,393 $0.000000 Direct F2, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,991 -14% $0.000000 35,943 25 Aug 2021 Common Stock 5,991 $0.000000 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,718 -9.1% $0.000000 67,179 25 Aug 2021 Common Stock 6,718 $0.000000 Direct F2, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,755 -9.1% $0.000000 97,548 25 Aug 2021 Common Stock 9,755 $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 4,808 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.