Fergal Stack - 25 Feb 2023 Form 4 Insider Report for LendingClub Corp (LC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 Feb 2023, 18:17:24 UTC
Prior SEC filing
29 Nov 2022
Next SEC filing
14 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Bhavit Sheth, attorney-in-fact

Key filing fact

Fergal Stack filed Form 4 for LendingClub Corp (LC) on 28 Feb 2023.

Key facts

  • This page summarizes Fergal Stack's Form 4 filing for LendingClub Corp (LC).
  • 9 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 28 Feb 2023, 18:17.

Change

  • Previous filing in this sequence was filed on 29 Nov 2022.
  • Current net transaction value: -$57,343.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+2,397
Change %
+1.6%
Price
$0.000000
Shares after
147,726
Date
25 Feb 2023
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+5,098
Change %
+3.5%
Price
$0.000000
Shares after
152,824
Date
25 Feb 2023
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,442
Change %
+2.9%
Price
$0.000000
Shares after
157,266
Date
25 Feb 2023
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+3,117
Change %
+2%
Price
$0.000000
Shares after
160,383
Date
25 Feb 2023
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$57,343
Shares
-5,967
Change %
-3.7%
Price
$9.61
Shares after
154,416
Date
25 Feb 2023
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-2,397
Change %
-100%
Price
$0.000000*
Shares after
0
Date
25 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,397
Exercise price
$0.000000
Footnotes
F1, F3, F4
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-5,098
Change %
-20%
Price
$0.000000
Shares after
20,394
Date
25 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,098
Exercise price
$0.000000
Footnotes
F1, F4, F5
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-4,442
Change %
-20%
Price
$0.000000
Shares after
17,768
Date
25 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,442
Exercise price
$0.000000
Footnotes
F1, F4, F6
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-3,117
Change %
-11%
Price
$0.000000
Shares after
24,942
Date
25 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,117
Exercise price
$0.000000
Footnotes
F1, F4, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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.

Footnote F3

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.

Footnote F4

Not applicable.

Footnote F5

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.

Footnote 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.

Footnote 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.

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