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

Role
CEO, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 Aug 2021
Net transactions value
-$1,023,176
Form type
4
Filing time
27 Aug 2021, 19:06:19 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 Options Exercise $0 +9,329 +1.2% $0.000000 814,481 25 Aug 2021 Direct F1, F2
transaction LC Common Stock Tax liability $142,841 -4,912 -0.6% $29.08 809,569 25 Aug 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +10,190 +1.3% $0.000000 819,759 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $156,043 -5,366 -0.65% $29.08 814,393 25 Aug 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +9,984 +1.2% $0.000000 824,377 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $152,874 -5,257 -0.64% $29.08 819,120 25 Aug 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +13,496 +1.6% $0.000000 832,616 25 Aug 2021 Direct F1
transaction LC Common Stock Disposed to Issuer $391,384 -13,496 -1.6% $29.00 819,120 25 Aug 2021 Direct F4
transaction LC Common Stock Options Exercise $0 +11,758 +1.4% $0.000000 830,878 25 Aug 2021 Direct F1
transaction LC Common Stock Tax liability $180,034 -6,191 -0.75% $29.08 824,687 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 -9,329 -33% $0.000000 18,657 25 Aug 2021 Common Stock 9,329 $0.000000 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10,190 -50% $0.000000 10,190 25 Aug 2021 Common Stock 10,190 $0.000000 Direct F1, F6, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,984 -14% $0.000000 59,905 25 Aug 2021 Common Stock 9,984 $0.000000 Direct F1, F6, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13,496 -9.1% $0.000000 134,957 25 Aug 2021 Common Stock 13,496 $0.000000 Direct F1, F6, F9
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11,758 -9.1% $0.000000 117,580 25 Aug 2021 Common Stock 11,758 $0.000000 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.