Scott Sanborn - 25 May 2023 Form 4 Insider Report for LendingClub Corp (LC)

Role: CEO, Director
Signature: /s/ Bhavit Sheth, attorney-in-fact
Issuer symbol: LC
Transactions as of: 25 May 2023
Net transactions value: -$258,398
Form type: 4
Filing time: 30 May 2023, 19:23:47 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	+13,495	+1.1%	$0.000000	1,192,250	25 May 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+11,758	+0.99%	$0.000000	1,204,008	25 May 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+8,253	+0.69%	$0.000000	1,212,261	25 May 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+14,944	+1.2%	$0.000000	1,227,205	25 May 2023	Direct	F1
transaction	LC	Common Stock	Disposed to Issuer	$109,310	-13,495	-1.1%	$8.10	1,213,710	25 May 2023	Direct	F2
transaction	LC	Common Stock	Tax liability	$149,089	-18,406	-1.5%	$8.10	1,195,304	25 May 2023	Direct	F3

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	-13,495	-25%	$0.000000	40,488	25 May 2023	Common Stock	13,495	$0.000000	Direct	F1, F4, F5
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-11,758	-25%	$0.000000	35,274	25 May 2023	Common Stock	11,758	$0.000000	Direct	F1, F5, F6
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-8,253	-13%	$0.000000	57,769	25 May 2023	Common Stock	8,253	$0.000000	Direct	F1, F5, F7
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-14,944	-8.3%	$0.000000	164,387	25 May 2023	Common Stock	14,944	$0.000000	Direct	F1, F5, F8

* 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 settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F3	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.
F4	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.
F5	Not applicable.
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.
F8	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.