Ronnie Momen - Aug 25, 2023 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief of Consumer Banking
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Aug 25, 2023
Transactions value $
-$147,418
Form type
4
Date filed
8/29/2023, 06:42 PM
Previous filing
Aug 21, 2023
Next filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +6.72K +3.08% $0.00 225K Aug 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +9.76K +4.34% $0.00 235K Aug 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +10.3K +4.38% $0.00 245K Aug 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +13.9K +5.7% $0.00 259K Aug 25, 2023 Direct F1
transaction LC Common Stock Tax liability -$147K -21.4K -8.28% $6.88 237K 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 -6.72K -33.33% $0.00 13.4K Aug 25, 2023 Common Stock 6.72K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9.76K -33.33% $0.00 19.5K Aug 25, 2023 Common Stock 9.76K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10.3K -14.29% $0.00 61.6K Aug 25, 2023 Common Stock 10.3K $0.00 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13.9K -9.09% $0.00 139K Aug 25, 2023 Common Stock 13.9K $0.00 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.