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

Role: CEO, Director
Signature: /s/ Bhavit Sheth, attorney-in-fact
Stock symbol: LC
Transactions as of: May 25, 2023
Transactions value $: -$258,398
Form type: 4
Date filed: 5/30/2023, 07:23 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	+13.5K	+1.14%	$0.00	1.19M	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+11.8K	+0.99%	$0.00	1.2M	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+8.25K	+0.69%	$0.00	1.21M	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+14.9K	+1.23%	$0.00	1.23M	May 25, 2023	Direct	F1
transaction	LC	Common Stock	Disposed to Issuer	-$109K	-13.5K	-1.1%	$8.10	1.21M	May 25, 2023	Direct	F2
transaction	LC	Common Stock	Tax liability	-$149K	-18.4K	-1.52%	$8.10	1.2M	May 25, 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	-13.5K	-25%	$0.00	40.5K	May 25, 2023	Common Stock	13.5K	$0.00	Direct	F1, F4, F5
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-11.8K	-25%	$0.00	35.3K	May 25, 2023	Common Stock	11.8K	$0.00	Direct	F1, F5, F6
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-8.25K	-12.5%	$0.00	57.8K	May 25, 2023	Common Stock	8.25K	$0.00	Direct	F1, F5, F7
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-14.9K	-8.33%	$0.00	164K	May 25, 2023	Common Stock	14.9K	$0.00	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.