Jordan Cheng - 25 May 2024 Form 4 Insider Report for LendingClub Corp (LC)

Role
General Counsel & Secretary
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 May 2024
Net transactions value
-$88,838
Form type
4
Filing time
29 May 2024, 18:21:57 UTC
Previous filing
25 Mar 2024
Next filing
28 Aug 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 +11,323 +12% $0.000000 104,595 25 May 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +2,127 +2% $0.000000 106,722 25 May 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +2,889 +2.7% $0.000000 109,611 25 May 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +5,727 +5.2% $0.000000 115,338 25 May 2024 Direct F1
transaction LC Common Stock Tax liability $88,838 -9,849 -8.5% $9.02 105,489 25 May 2024 Direct F2

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 -11,323 -100% $0.000000* 0 25 May 2024 Common Stock 11,323 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -2,127 -25% $0.000000 6,383 25 May 2024 Common Stock 2,127 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -2,889 -12% $0.000000 20,225 25 May 2024 Common Stock 2,889 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,727 -8.3% $0.000000 63,008 25 May 2024 Common Stock 5,727 $0.000000 Direct F1, F4, F7
* 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 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.
F4 Not applicable.
F5 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 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.
F7 The RSUs vested as to 8.33% of the total shares on May 25, 2024, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.