Andrew LaBenne - 25 Feb 2024 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Financial Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 Feb 2024
Net transactions value
-$135,429
Form type
4
Filing time
27 Feb 2024, 19:27:03 UTC
Previous filing
07 Feb 2024
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 +20,004 +26% $0.000000 97,186 25 Feb 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +10,848 +11% $0.000000 108,034 25 Feb 2024 Direct F1
transaction LC Common Stock Tax liability $135,429 -16,617 -15% $8.15 91,417 25 Feb 2024 Direct F2
holding LC Common Stock 12,000 25 Feb 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 -20,004 -14% $0.000000 120,028 25 Feb 2024 Common Stock 20,004 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10,848 -11% $0.000000 86,788 25 Feb 2024 Common Stock 10,848 $0.000000 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.