Fergal Stack - 25 Nov 2021 Form 4 Insider Report for LendingClub Corp (LC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Nov 2021, 19:11:59 UTC
Prior SEC filing
27 Aug 2021
Next SEC filing
01 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Bhavit Sheth, attorney-in-fact

Key filing fact

Fergal Stack filed Form 4 for LendingClub Corp (LC) on 29 Nov 2021.

Key facts

  • This page summarizes Fergal Stack's Form 4 filing for LendingClub Corp (LC).
  • 12 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 29 Nov 2021, 19:11.

Change

  • Previous filing in this sequence was filed on 27 Aug 2021.
  • Current net transaction value: -$239,346.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+3,544
Change %
+3.6%
Price
$0.000000
Shares after
102,846
Date
25 Nov 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$58,399
Shares
-1,534
Change %
-1.5%
Price
$38.07*
Shares after
101,312
Date
25 Nov 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+2,396
Change %
+2.4%
Price
$0.000000
Shares after
103,708
Date
25 Nov 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$37,994
Shares
-998
Change %
-0.96%
Price
$38.07*
Shares after
102,710
Date
25 Nov 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+5,098
Change %
+5%
Price
$0.000000
Shares after
107,808
Date
25 Nov 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$76,406
Shares
-2,007
Change %
-1.9%
Price
$38.07*
Shares after
105,801
Date
25 Nov 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,442
Change %
+4.2%
Price
$0.000000
Shares after
110,243
Date
25 Nov 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$66,546
Shares
-1,748
Change %
-1.6%
Price
$38.07*
Shares after
108,495
Date
25 Nov 2021
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-3,544
Change %
-50%
Price
$0.000000
Shares after
3,546
Date
25 Nov 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,544
Exercise price
$0.000000
Footnotes
F1, F3, F4
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-2,396
Change %
-17%
Price
$0.000000
Shares after
11,982
Date
25 Nov 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,396
Exercise price
$0.000000
Footnotes
F1, F4, F5
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-5,098
Change %
-10%
Price
$0.000000
Shares after
45,886
Date
25 Nov 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,098
Exercise price
$0.000000
Footnotes
F1, F4, F6
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-4,442
Change %
-10%
Price
$0.000000
Shares after
39,978
Date
25 Nov 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,442
Exercise price
$0.000000
Footnotes
F1, F4, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote F2

Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.

Footnote F3

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.

Footnote F4

Not applicable.

Footnote F5

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.

Footnote F6

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.

Footnote F7

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.

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