THOMAS W. CASEY - 02 Jun 2022 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Financial Officer, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
02 Jun 2022
Net transactions value
-$441,273
Form type
4
Filing time
29 Aug 2022, 20:47:19 UTC
Previous filing
15 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Gift $0 -46,837 -94% $0.000000 2,922 02 Jun 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +8,985 +307% $0.000000 11,907 25 Aug 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +12,596 +106% $0.000000 24,503 25 Aug 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +36,058 +147% $0.000000 60,561 25 Aug 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +12,194 +20% $0.000000 72,755 25 Aug 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +8,558 +12% $0.000000 81,313 25 Aug 2022 Direct F2
transaction LC Common Stock Tax liability $441,273 -31,497 -39% $14.01 49,816 25 Aug 2022 Direct F3
holding LC Common Stock 12,750 02 Jun 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 -8,985 -33% $0.000000 17,972 25 Aug 2022 Common Stock 8,985 $0.000000 Direct F2, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12,596 -14% $0.000000 75,576 25 Aug 2022 Common Stock 12,596 $0.000000 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -36,058 -33% $0.000000 72,116 25 Aug 2022 Common Stock 36,058 $0.000000 Direct F2, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12,194 -14% $0.000000 73,161 25 Aug 2022 Common Stock 12,194 $0.000000 Direct F2, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8,558 -9.1% $0.000000 85,584 25 Aug 2022 Common Stock 8,558 $0.000000 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.