Scott Sanborn - Aug 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
Aug 25, 2022
Transactions value $
-$1,223,045
Form type
4
Date filed
8/29/2022, 08:45 PM
Previous filing
Jul 22, 2022
Next filing
Oct 4, 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 +1.03% $0.00 977K Aug 25, 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +13.5K +1.38% $0.00 991K Aug 25, 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +110K +11.12% $0.00 1.1M Aug 25, 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +11.8K +1.07% $0.00 1.11M Aug 25, 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +8.25K +0.74% $0.00 1.12M Aug 25, 2022 Direct F1
transaction LC Common Stock Disposed to Issuer -$189K -13.5K -1.2% $14.01 1.11M Aug 25, 2022 Direct F2
transaction LC Common Stock Tax liability -$1.03M -73.8K -6.66% $14.01 1.03M Aug 25, 2022 Direct 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 -9.98K -33.33% $0.00 20K Aug 25, 2022 Common Stock 9.98K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13.5K -14.28% $0.00 81K Aug 25, 2022 Common Stock 13.5K $0.00 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -110K -33.33% $0.00 220K Aug 25, 2022 Common Stock 110K $0.00 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11.8K -14.29% $0.00 70.5K Aug 25, 2022 Common Stock 11.8K $0.00 Direct F1, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8.25K -9.09% $0.00 82.5K Aug 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 settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F3 Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
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.