Andrew LaBenne - Jul 30, 2025 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Financial Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Jul 30, 2025
Transactions value $
-$298,996
Form type
4
Date filed
8/1/2025, 05:12 PM
Previous filing
May 28, 2025
Next filing
Aug 27, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LaBenne Andrew Chief Financial Officer C/O LENDINGCLUB CORPORATION, 595 MARKET ST. #200, SAN FRANCISCO /s/ Bhavit Sheth, attorney-in-fact 2025-08-01 0001847231

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Sale -$299K -18K -9.16% $16.65 178K Jul 30, 2025 Direct F1, F2
holding LC Common Stock 10K Jul 30, 2025 UTMAs for Children F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending March 31, 2025, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 6.3% of the Reporting Person's equity interest in the Issuer.
F2 This transaction was executed in multiple trades during the date at prices ranging from $16.50 to $16.73. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 Aggregates 5,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.