Scott Sanborn - Aug 25, 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
CEO, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Aug 25, 2021
Transactions value $
-$1,023,176
Form type
4
Date filed
8/27/2021, 07:06 PM
Previous filing
May 27, 2021
Next filing
Nov 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +9.33K +1.16% $0.00 814K Aug 25, 2021 Direct F1, F2
transaction LC Common Stock Tax liability -$143K -4.91K -0.6% $29.08 810K Aug 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +10.2K +1.26% $0.00 820K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$156K -5.37K -0.65% $29.08 814K Aug 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +9.98K +1.23% $0.00 824K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$153K -5.26K -0.64% $29.08 819K Aug 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +13.5K +1.65% $0.00 833K Aug 25, 2021 Direct F1
transaction LC Common Stock Disposed to Issuer -$391K -13.5K -1.62% $29.00 819K Aug 25, 2021 Direct F4
transaction LC Common Stock Options Exercise $0 +11.8K +1.44% $0.00 831K Aug 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$180K -6.19K -0.75% $29.08 825K Aug 25, 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 -9.33K -33.33% $0.00 18.7K Aug 25, 2021 Common Stock 9.33K $0.00 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10.2K -50% $0.00 10.2K Aug 25, 2021 Common Stock 10.2K $0.00 Direct F1, F6, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9.98K -14.29% $0.00 59.9K Aug 25, 2021 Common Stock 9.98K $0.00 Direct F1, F6, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13.5K -9.09% $0.00 135K Aug 25, 2021 Common Stock 13.5K $0.00 Direct F1, F6, F9
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11.8K -9.09% $0.00 118K Aug 25, 2021 Common Stock 11.8K $0.00 Direct F1, F6, F10
* 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 The Amount of Securities Beneficially Owned has been reduced by one share to reflect rounding in connection with the Issuer's reverse stock split on July 5, 2019.
F3 Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F4 Represents the settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
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.
F6 Not applicable.
F7 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.
F8 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.
F9 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.
F10 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.