Ronnie Momen - 10 Nov 2022 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief of Consumer Banking
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
10 Nov 2022
Net transactions value
-$288,436
Form type
4
Filing time
29 Nov 2022, 19:19:38 UTC
Previous filing
29 Aug 2022
Next filing
14 Feb 2023
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 -9,779 -5.9% $0.000000 156,815 10 Nov 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +5,991 +3.8% $0.000000 162,806 25 Nov 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +6,718 +4.1% $0.000000 169,524 25 Nov 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +19,231 +11% $0.000000 188,755 25 Nov 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +9,755 +5.2% $0.000000 198,510 25 Nov 2022 Direct F2
transaction LC Common Stock Options Exercise $0 +10,270 +5.2% $0.000000 208,780 25 Nov 2022 Direct F2
transaction LC Common Stock Sale $288,436 -28,607 -14% $10.08 180,173 28 Nov 2022 Direct F3, 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 -5,991 -50% $0.000000 5,991 25 Nov 2022 Common Stock 5,991 $0.000000 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,718 -17% $0.000000 33,590 25 Nov 2022 Common Stock 6,718 $0.000000 Direct F2, F6, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -19,231 -50% $0.000000 19,231 25 Nov 2022 Common Stock 19,231 $0.000000 Direct F2, F6, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,755 -17% $0.000000 48,774 25 Nov 2022 Common Stock 9,755 $0.000000 Direct F2, F6, F9
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10,270 -10% $0.000000 92,430 25 Nov 2022 Common Stock 10,270 $0.000000 Direct F2, F6, F10
* 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 9,779 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 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.
F4 This transaction was executed in multiple trades during the day at prices ranging from $9.93 to $10.28. 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.
F5 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.
F6 Not applicable.
F7 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.
F8 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.
F9 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.
F10 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.