Scott Sanborn - May 25, 2022 Form 4 Insider Report for LendingClub Corp (LC)

Role
CEO, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
May 25, 2022
Transactions value $
-$1,109,545
Form type
4
Date filed
5/27/2022, 07:24 PM
Previous filing
Mar 15, 2022
Next filing
Jul 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +9.98K +1.13% $0.00 890K May 25, 2022 Direct F1
transaction LC Common Stock Tax liability -$66.8K -5.26K -0.59% $12.71 885K May 25, 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +13.5K +1.52% $0.00 899K May 25, 2022 Direct F1
transaction LC Common Stock Disposed to Issuer -$172K -13.5K -1.5% $12.71 885K May 25, 2022 Direct F3
transaction LC Common Stock Options Exercise $0 +110K +12.45% $0.00 995K May 25, 2022 Direct F1
transaction LC Common Stock Tax liability -$737K -58K -5.83% $12.71 937K May 25, 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +11.8K +1.25% $0.00 949K May 25, 2022 Direct F1
transaction LC Common Stock Tax liability -$78.7K -6.19K -0.65% $12.71 943K May 25, 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +8.25K +0.88% $0.00 951K May 25, 2022 Direct F1
transaction LC Common Stock Tax liability -$55.2K -4.35K -0.46% $12.71 947K May 25, 2022 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 -9.98K -25% $0.00 30K May 25, 2022 Common Stock 9.98K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13.5K -12.5% $0.00 94.5K May 25, 2022 Common Stock 13.5K $0.00 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -110K -25% $0.00 331K May 25, 2022 Common Stock 110K $0.00 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11.8K -12.5% $0.00 82.3K May 25, 2022 Common Stock 11.8K $0.00 Direct F1, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8.25K -8.33% $0.00 90.8K May 25, 2022 Common Stock 8.25K $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, 2019, 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, 2020, 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 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.
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.
F9 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.