Valerie Kay - 25 Nov 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 Nov 2021
Net transactions value
-$549,084
Form type
4
Filing time
29 Nov 2021, 18:58:42 UTC
Previous filing
27 Aug 2021
Next filing
24 Jan 2022
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 +7,233 +7.6% $0.000000 102,348 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $158,562 -4,165 -4.1% $38.07* 98,183 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +1,530 +1.6% $0.000000 99,713 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $33,578 -882 -0.88% $38.07* 98,831 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4,492 +4.5% $0.000000 103,323 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $98,487 -2,587 -2.5% $38.07* 100,736 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +6,298 +6.3% $0.000000 107,034 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $138,080 -3,627 -3.4% $38.07* 103,407 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +5,487 +5.3% $0.000000 108,894 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $120,377 -3,162 -2.9% $38.07* 105,732 25 Nov 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 -7,233 -33% $0.000000 14,467 25 Nov 2021 Common Stock 7,233 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -1,530 -100% $0.000000* 0 25 Nov 2021 Common Stock 1,530 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4,492 -17% $0.000000 22,465 25 Nov 2021 Common Stock 4,492 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,298 -10% $0.000000 56,682 25 Nov 2021 Common Stock 6,298 $0.000000 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,487 -10% $0.000000 49,384 25 Nov 2021 Common Stock 5,487 $0.000000 Direct F1, F4, F8
* 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 August 25, 2018, 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 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.
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.