Andrew LaBenne - 25 Feb 2025 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 2025
Net transactions value
-$283,481
Form type
4
Filing time
27 Feb 2025, 18:26:09 UTC
Previous filing
05 Feb 2025
Next filing
14 Mar 2025
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 +13% $0.000000 171,132 25 Feb 2025 Direct F1
transaction LC Common Stock Options Exercise $0 +10,849 +6.3% $0.000000 181,981 25 Feb 2025 Direct F1
transaction LC Common Stock Options Exercise $0 +12,274 +6.7% $0.000000 194,255 25 Feb 2025 Direct F1
transaction LC Common Stock Tax liability $283,481 -22,733 -12% $12.47 171,522 25 Feb 2025 Direct F2
holding LC Common Stock 10,000 25 Feb 2025 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 -33% $0.000000 40,010 25 Feb 2025 Common Stock 20,004 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10,849 -20% $0.000000 43,394 25 Feb 2025 Common Stock 10,849 $0.000000 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12,274 -11% $0.000000 98,193 25 Feb 2025 Common Stock 12,274 $0.000000 Direct F1, F5, 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 Aggregates 5,000 shares of Issuer's common stock held in each of two 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.
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.