Andrew LaBenne - Feb 25, 2024 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
Feb 25, 2024
Transactions value $
-$135,429
Form type
4
Date filed
2/27/2024, 07:27 PM
Previous filing
Feb 7, 2024
Next filing
Mar 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +20K +25.92% $0.00 97.2K Feb 25, 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +10.8K +11.16% $0.00 108K Feb 25, 2024 Direct F1
transaction LC Common Stock Tax liability -$135K -16.6K -15.38% $8.15 91.4K Feb 25, 2024 Direct F2
holding LC Common Stock 12K Feb 25, 2024 UTMAs for Children 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 -20K -14.29% $0.00 120K Feb 25, 2024 Common Stock 20K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10.8K -11.11% $0.00 86.8K Feb 25, 2024 Common Stock 10.8K $0.00 Direct F1, F5, F6
* 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 Aggregates 4,000 shares of Issuer's Common Stock held in each of three UTMA accounts for children of the Reporting Person.
F4 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.
F5 Not applicable.
F6 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.