Brandon Pace - Feb 25, 2022 Form 4 Insider Report for LendingClub Corp (LC)

Role: Chief Administrative Officer
Signature: /s/ Bhavit Sheth, attorney-in-fact
Stock symbol: LC
Transactions as of: Feb 25, 2022
Transactions value $: -$198,243
Form type: 4
Date filed: 3/1/2022, 06:41 PM
Previous filing: Jan 24, 2022
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LC	Common Stock	Options Exercise	$0	+3.17K	+3.4%	$0.00	96.6K	Feb 25, 2022	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+5.69K	+5.89%	$0.00	102K	Feb 25, 2022	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+5.88K	+5.75%	$0.00	108K	Feb 25, 2022	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+6.1K	+5.64%	$0.00	114K	Feb 25, 2022	Direct	F1
transaction	LC	Common Stock	Sale	-$198K	-10.7K	-9.33%	$18.59	104K	Feb 28, 2022	Direct	F2, 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	-3.17K	-100%	$0.00^*	0	Feb 25, 2022	Common Stock	3.17K	$0.00	Direct	F1, F4, F5
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-5.69K	-20%	$0.00	22.8K	Feb 25, 2022	Common Stock	5.69K	$0.00	Direct	F1, F5, F6
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-5.88K	-11.11%	$0.00	47K	Feb 25, 2022	Common Stock	5.88K	$0.00	Direct	F1, F5, F7
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-6.1K	-11.11%	$0.00	48.8K	Feb 25, 2022	Common Stock	6.1K	$0.00	Direct	F1, F5, 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 required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its 2014 Equity Incentive Plan to require the satisfaction of tax withholding obligations with respect to the Reporting Person to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F3	This transaction was executed in multiple trades during the day at prices ranging from $18.22 to $19.06. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
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 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.