Scott Sanborn - 25 Feb 2024 Form 4 Insider Report for LendingClub Corp (LC)

Role
CEO, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 Feb 2024
Net transactions value
-$262,862
Form type
4
Filing time
27 Feb 2024, 19:15:15 UTC
Previous filing
28 Nov 2023
Next filing
25 Mar 2024
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 +13,496 +0.98% $0.000000 1,390,748 25 Feb 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +11,758 +0.85% $0.000000 1,402,506 25 Feb 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +8,253 +0.59% $0.000000 1,410,759 25 Feb 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +14,945 +1.1% $0.000000 1,425,704 25 Feb 2024 Direct F1
transaction LC Common Stock Disposed to Issuer $109,992 -13,496 -0.95% $8.15 1,412,208 25 Feb 2024 Direct F2
transaction LC Common Stock Tax liability $152,870 -18,757 -1.3% $8.15 1,393,451 25 Feb 2024 Direct F3

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 -13,496 -100% $0.000000* 0 25 Feb 2024 Common Stock 13,496 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11,758 -100% $0.000000* 0 25 Feb 2024 Common Stock 11,758 $0.000000 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8,253 -20% $0.000000 33,011 25 Feb 2024 Common Stock 8,253 $0.000000 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -14,945 -11% $0.000000 119,554 25 Feb 2024 Common Stock 14,945 $0.000000 Direct F1, F5, F8
* 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 settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F3 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.
F4 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.
F5 Not applicable.
F6 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.
F7 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.
F8 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.