Annie Armstrong - Feb 25, 2023 Form 4 Insider Report for LendingClub Corp (LC)

Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Feb 25, 2023
Transactions value $
-$352,178
Form type
4
Date filed
2/28/2023, 06:11 PM
Previous filing
Nov 29, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +23.8K +14.37% $0.00 189K Feb 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +36.1K +19.06% $0.00 225K Feb 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +5.49K +2.44% $0.00 231K Feb 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +4.28K +1.85% $0.00 235K Feb 25, 2023 Direct F1
transaction LC Common Stock Tax liability -$352K -36.6K -15.59% $9.61 198K Feb 25, 2023 Direct F2

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 -23.8K -16.67% $0.00 119K Feb 25, 2023 Common Stock 23.8K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -36.1K -100% $0.00 0 Feb 25, 2023 Common Stock 36.1K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5.49K -20% $0.00 21.9K Feb 25, 2023 Common Stock 5.49K $0.00 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4.28K -11.11% $0.00 34.2K Feb 25, 2023 Common Stock 4.28K $0.00 Direct F1, F4, F7

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 Does not represent a sale of shares. Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F3 The RSUs vested as to 25% of the total shares on May 25, 2021, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F4 Not applicable.
F5 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.
F6 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.
F7 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.