Scott Sanborn - Nov 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
Nov 25, 2021
Transactions value $
-$1,340,863
Form type
4
Date filed
11/29/2021, 07:29 PM
Previous filing
Aug 27, 2021
Next filing
Dec 22, 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 +1.13% $0.00 834K Nov 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$187K -4.91K -0.59% $38.07 829K Nov 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +10.2K +1.23% $0.00 839K Nov 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$204K -5.37K -0.64% $38.07 834K Nov 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +9.98K +1.2% $0.00 844K Nov 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$200K -5.26K -0.62% $38.07 839K Nov 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +13.5K +1.61% $0.00 852K Nov 25, 2021 Direct F1
transaction LC Common Stock Disposed to Issuer -$514K -13.5K -1.58% $38.07 839K Nov 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +11.8K +1.4% $0.00 850K Nov 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$236K -6.19K -0.73% $38.07 844K Nov 25, 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 -9.33K -50% $0.00 9.33K Nov 25, 2021 Common Stock 9.33K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10.2K -100% $0.00* 0 Nov 25, 2021 Common Stock 10.2K $0.00 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9.98K -16.67% $0.00 49.9K Nov 25, 2021 Common Stock 9.98K $0.00 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13.5K -10% $0.00 121K Nov 25, 2021 Common Stock 13.5K $0.00 Direct F1, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11.8K -10% $0.00 106K Nov 25, 2021 Common Stock 11.8K $0.00 Direct F1, F5, F9
* 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 Represents the settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F4 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.
F5 Not applicable.
F6 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.
F7 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.
F8 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.
F9 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.