Ronnie Momen - 25 May 2022 Form 4 Insider Report for LendingClub Corp (LC)

Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 May 2022
Net transactions value
-$424,067
Form type
4
Filing time
27 May 2022, 19:22:54 UTC
Previous filing
15 Mar 2022
Next filing
29 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +11,393 +9.5% $0.000000 131,551 25 May 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +5,990 +4.6% $0.000000 137,541 25 May 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +6,717 +4.9% $0.000000 144,258 25 May 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +19,231 +13% $0.000000 163,489 25 May 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +9,754 +6% $0.000000 173,243 25 May 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +10,270 +5.9% $0.000000 183,513 25 May 2022 Direct F1
transaction LC Common Stock Sale $424,067 -30,134 -16% $14.07 153,379 26 May 2022 Direct F2, F3
transaction LC Common Stock Gift $0 -5,454 -3.6% $0.000000 147,925 27 May 2022 Direct F4

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 -11,393 -50% $0.000000 11,394 25 May 2022 Common Stock 11,393 $0.000000 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,990 -25% $0.000000 17,972 25 May 2022 Common Stock 5,990 $0.000000 Direct F1, F6, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,717 -12% $0.000000 47,026 25 May 2022 Common Stock 6,717 $0.000000 Direct F1, F6, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -19,231 -25% $0.000000 57,693 25 May 2022 Common Stock 19,231 $0.000000 Direct F1, F6, F9
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,754 -12% $0.000000 68,284 25 May 2022 Common Stock 9,754 $0.000000 Direct F1, F6, F10
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10,270 -8.3% $0.000000 112,970 25 May 2022 Common Stock 10,270 $0.000000 Direct F1, F6, F11
* 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 $13.91 to $14.25. 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 Transaction represents the transfer of 5,454 shares by the Reporting Person of Issuer common stock by bona fide gift.
F5 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.
F6 Not applicable.
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 25% of the total shares on May 25, 2022, with an additional 25% of the total shares vesting quarterly thereafter, subject to continuous service through each vesting date.
F10 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.
F11 The RSUs vested as to 8.33% of the total shares on May 25, 2022, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.