Jordan Cheng - Oct 19, 2023 Form 3 Insider Report for LendingClub Corp (LC)

Role
General Counsel & Secretary
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Oct 19, 2023
Transactions value $
$0
Form type
3
Date filed
10/26/2023, 06:19 PM
Next filing
Nov 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LC Common Stock 72.8K Oct 19, 2023 Direct

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
holding LC Restricted Stock Unit (RSU) Oct 19, 2023 Common Stock 34K $0.00 Direct F1, F2, F3
holding LC Restricted Stock Unit (RSU) Oct 19, 2023 Common Stock 5.39K $0.00 Direct F2, F3, F4
holding LC Restricted Stock Unit (RSU) Oct 19, 2023 Common Stock 12.8K $0.00 Direct F2, F3, F5
holding LC Restricted Stock Unit (RSU) Oct 19, 2023 Common Stock 28.9K $0.00 Direct F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs") under the Issuer's 2014 Equity Incentive Plan. The RSUs vested as to 25% of the total shares on May 25, 2021, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F2 Not applicable.
F3 Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F4 Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan. 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.
F5 Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan. 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.
F6 Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan. 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.