Scott Sanborn - 25 May 2025 Form 4 Insider Report for LendingClub Corp (LC)

Role
CEO, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 May 2025
Net transactions value
-$189,756
Form type
4
Filing time
28 May 2025, 17:19:25 UTC
Previous filing
16 May 2025
Next filing
06 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sanborn Scott CEO, Director C/O LENDINGCLUB CORPORATION, 595 MARKET ST. #200, SAN FRANCISCO /s/ Bhavit Sheth, attorney-in-fact 28 May 2025 0001397362

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +14,944 +1.2% $0.000000 1,302,226 25 May 2025 Direct F1
transaction LC Common Stock Options Exercise $0 +13,150 +1% $0.000000 1,315,376 25 May 2025 Direct F1
transaction LC Common Stock Options Exercise $0 +8,044 +0.61% $0.000000 1,323,420 25 May 2025 Direct F1
transaction LC Common Stock Tax liability $189,756 -19,245 -1.5% $9.86 1,304,175 25 May 2025 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 -14,944 -25% $0.000000 44,833 25 May 2025 Common Stock 14,944 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13,150 -12% $0.000000 92,056 25 May 2025 Common Stock 13,150 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8,044 -8.3% $0.000000 88,495 25 May 2025 Common Stock 8,044 $0.000000 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, 2023, 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, 2024, 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, 2025, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.