Ronnie Momen - May 25, 2024 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief Business Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
May 25, 2024
Transactions value $
-$176,945
Form type
4
Date filed
5/29/2024, 06:27 PM
Previous filing
May 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +10.3K +4.01% $0.00 266K May 25, 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +13.9K +5.24% $0.00 280K May 25, 2024 Direct F1
transaction LC Common Stock Options Exercise $0 +12.3K +4.38% $0.00 293K May 25, 2024 Direct F1
transaction LC Common Stock Tax liability -$177K -19.6K -6.71% $9.02 273K May 25, 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 -10.3K -25% $0.00 30.8K May 25, 2024 Common Stock 10.3K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13.9K -12.5% $0.00 97.6K May 25, 2024 Common Stock 13.9K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.3K -8.33% $0.00 135K May 25, 2024 Common Stock 12.3K $0.00 Direct F1, F4, 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 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.
F4 Not applicable.
F5 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.
F6 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.