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

Role: Chief Risk Officer
Signature: /s/ Bhavit Sheth, attorney-in-fact
Stock symbol: LC
Transactions as of: May 25, 2023
Transactions value $: -$176,102
Form type: 4
Date filed: 5/30/2023, 07:13 PM
Previous filing: Mar 14, 2023
Next filing: Jun 20, 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	+11.98%	$0.00	222K	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+5.49K	+2.47%	$0.00	228K	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+4.28K	+1.88%	$0.00	232K	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+7.75K	+3.34%	$0.00	240K	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Tax liability	-$176K	-21.7K	-9.07%	$8.10	218K	May 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	-20%	$0.00	95.1K	May 25, 2023	Common Stock	23.8K	$0.00	Direct	F1, F3, F4
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-5.49K	-25%	$0.00	16.5K	May 25, 2023	Common Stock	5.49K	$0.00	Direct	F1, F4, F5
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-4.28K	-12.5%	$0.00	30K	May 25, 2023	Common Stock	4.28K	$0.00	Direct	F1, F4, F6
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-7.75K	-8.33%	$0.00	85.2K	May 25, 2023	Common Stock	7.75K	$0.00	Direct	F1, F4, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 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.
F6	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.
F7	The RSUs vested as to 8.33% of the total shares on May 25, 2023, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.