Scott Sanborn - Jun 15, 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
Jun 15, 2023
Transactions value $
-$1,452,838
Form type
4
Date filed
6/20/2023, 07:15 PM
Previous filing
May 30, 2023
Next filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +293K +24.53% $0.00 1.49M Jun 15, 2023 Direct F1
transaction LC Common Stock Tax liability -$1.45M -154K -10.37% $9.41 1.33M Jun 15, 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) Award $0 +293K $0.00 293K Jun 15, 2023 Common Stock 293K $0.00 Direct F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -293K -100% $0.00* 0 Jun 15, 2023 Common Stock 293K $0.00 Direct F4, F5
* 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 Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan as a result of the Issuer's achievement of certain performance criteria for the period of June 2020 through May 2023. The RSUs vested as to 100% of the total shares on June 15, 2023.
F4 Not applicable.
F5 The RSUs vested as to 100% of the total shares on June 15, 2023.