BRANDON PACE - 25 May 2023 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Administrative Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 May 2023
Net transactions value
-$102,368
Form type
4
Filing time
30 May 2023, 19:21:07 UTC
Previous filing
14 Mar 2023
Next filing
20 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 $0 +5,878 +3.4% $0.000000 177,314 25 May 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +6,096 +3.4% $0.000000 183,410 25 May 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +4,279 +2.3% $0.000000 187,689 25 May 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +7,748 +4.1% $0.000000 195,437 25 May 2023 Direct F1
transaction LC Common Stock Tax liability $102,368 -12,638 -6.5% $8.10 182,799 25 May 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 -5,878 -25% $0.000000 17,635 25 May 2023 Common Stock 5,878 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,096 -25% $0.000000 18,291 25 May 2023 Common Stock 6,096 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4,279 -12% $0.000000 29,955 25 May 2023 Common Stock 4,279 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -7,748 -8.3% $0.000000 85,239 25 May 2023 Common Stock 7,748 $0.000000 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 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.
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.