Ronnie Momen - 04 Nov 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
04 Nov 2021
Net transactions value
-$678,712
Form type
4
Filing time
29 Nov 2021, 19:09:15 UTC
Previous filing
27 Aug 2021
Next filing
14 Feb 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 Gift $0 -4,808 -4.9% $0.000000 92,888 04 Nov 2021 Direct F1
transaction LC Common Stock Options Exercise $0 +11,394 +12% $0.000000 104,282 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $228,382 -5,999 -5.8% $38.07* 98,283 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +5,990 +6.1% $0.000000 104,273 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $120,073 -3,154 -3% $38.07* 101,119 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +6,718 +6.6% $0.000000 107,837 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $134,692 -3,538 -3.3% $38.07* 104,299 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +9,755 +9.4% $0.000000 114,054 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $195,566 -5,137 -4.5% $38.07* 108,917 25 Nov 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 -11,394 -25% $0.000000 34,180 25 Nov 2021 Common Stock 11,394 $0.000000 Direct F2, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,990 -17% $0.000000 29,953 25 Nov 2021 Common Stock 5,990 $0.000000 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,718 -10% $0.000000 60,461 25 Nov 2021 Common Stock 6,718 $0.000000 Direct F2, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,755 -10% $0.000000 87,793 25 Nov 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.