Valerie Kay - 25 Aug 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief Capital Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 Aug 2021
Net transactions value
-$460,165
Form type
4
Filing time
27 Aug 2021, 18:59:04 UTC
Previous filing
24 Aug 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 Options Exercise $0 +2,460 +2.9% $0.000000 85,903 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $41,035 -1,415 -1.6% $29.00 84,488 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +7,233 +8.6% $0.000000 91,721 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $121,089 -4,164 -4.5% $29.08 87,557 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +1,529 +1.7% $0.000000 89,086 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $25,649 -882 -0.99% $29.08 88,204 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4,493 +5.1% $0.000000 92,697 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $75,259 -2,588 -2.8% $29.08 90,109 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +6,298 +7% $0.000000 96,407 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $105,473 -3,627 -3.8% $29.08 92,780 25 Aug 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +5,487 +5.9% $0.000000 98,267 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $91,660 -3,152 -3.2% $29.08 95,115 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 -2,460 -100% $0.000000* 0 25 Aug 2021 Common Stock 2,460 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -7,233 -25% $0.000000 21,700 25 Aug 2021 Common Stock 7,233 $0.000000 Direct F1, F4, F5
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, F6
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, F7
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, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,487 -9.1% $0.000000 54,871 25 Aug 2021 Common Stock 5,487 $0.000000 Direct F1, F4, F9
* 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 November 25, 2017, 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 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.
F6 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.
F7 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.
F8 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.
F9 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.