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

Role
General Counsel & Secretary
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
19 Oct 2023
Net transactions value
$0
Form type
3
Filing time
26 Oct 2023, 18:19:59 UTC
Next filing
28 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LC Common Stock 72,816 19 Oct 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) 19 Oct 2023 Common Stock 33,968 $0.000000 Direct F1, F2, F3
holding LC Restricted Stock Unit (RSU) 19 Oct 2023 Common Stock 5,390 $0.000000 Direct F2, F3, F4
holding LC Restricted Stock Unit (RSU) 19 Oct 2023 Common Stock 12,765 $0.000000 Direct F2, F3, F5
holding LC Restricted Stock Unit (RSU) 19 Oct 2023 Common Stock 28,893 $0.000000 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.