John C. Morris - 23 Dec 2022 Form 4 Insider Report for LendingClub Corp (LC)

Role
Director
Signature
/s/ Brandon Pace, attorney-in-fact
Issuer symbol
LC
Transactions as of
23 Dec 2022
Net transactions value
+$274,852
Form type
4
Filing time
28 Dec 2022, 16:59:38 UTC
Previous filing
15 Jun 2022
Next filing
12 Jun 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 Options Exercise $458,700 +132,000 +159% $3.48 215,008 23 Dec 2022 Direct
transaction LC Common Stock Tax liability $183,848 -52,906 -25% $3.48 162,102 23 Dec 2022 Direct
holding LC Common Stock 6,212 23 Dec 2022 Direct F1

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 Stock Option (right to buy) Options Exercise $0 -132,000 -100% $0.000000* 0 23 Dec 2022 Common Stock 132,000 $3.48 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the unvested portion of a previously granted non-employee director equity award of restricted stock units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F2 The option is fully exercisable.