Andrew LaBenne - Aug 25, 2023 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Financial Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Aug 25, 2023
Transactions value $
-$321,874
Form type
4
Date filed
8/29/2023, 06:36 PM
Previous filing
May 30, 2023
Next filing
Nov 2, 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 +80K +397.39% $0.00 100K Aug 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +10.8K +10.83% $0.00 111K Aug 25, 2023 Direct F1
transaction LC Common Stock Tax liability -$322K -46.8K -42.15% $6.88 64.2K Aug 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 -80K -33.33% $0.00 160K Aug 25, 2023 Common Stock 80K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10.8K -9.09% $0.00 108K Aug 25, 2023 Common Stock 10.8K $0.00 Direct F1, 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 The RSUs vested as to 33.33% of the total shares on August 25, 2023, with an additional 8.33% 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, 2023, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.