Thomas W. Casey - Jun 2, 2022 Form 4 Insider Report for LendingClub Corp (LC)

Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Jun 2, 2022
Transactions value $
-$441,273
Form type
4
Date filed
8/29/2022, 08:47 PM
Previous filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Gift $0 -46.8K -94.13% $0.00 2.92K Jun 2, 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +8.99K +307.49% $0.00 11.9K Aug 25, 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +12.6K +105.79% $0.00 24.5K Aug 25, 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +36.1K +147.16% $0.00 60.6K Aug 25, 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +12.2K +20.14% $0.00 72.8K Aug 25, 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +8.56K +11.76% $0.00 81.3K Aug 25, 2022 Direct F2
transaction LC Common Stock Tax liability -$441K -31.5K -38.74% $14.01 49.8K Aug 25, 2022 Direct F3
holding LC Common Stock 12.8K Jun 2, 2022 Casey Family Revocable Trust

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 -8.99K -33.33% $0.00 18K Aug 25, 2022 Common Stock 8.99K $0.00 Direct F2, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.6K -14.29% $0.00 75.6K Aug 25, 2022 Common Stock 12.6K $0.00 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -36.1K -33.33% $0.00 72.1K Aug 25, 2022 Common Stock 36.1K $0.00 Direct F2, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.2K -14.29% $0.00 73.2K Aug 25, 2022 Common Stock 12.2K $0.00 Direct F2, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8.56K -9.09% $0.00 85.6K Aug 25, 2022 Common Stock 8.56K $0.00 Direct F2, F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents the transfer of 46,837 shares by the Reporting Person of Issuer common stock by bona fide gift.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share 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.