Bahman Koohestani - 25 Aug 2021 Form 4 Insider Report for LendingClub Corp (LC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Aug 2021, 18:46:49 UTC
Prior SEC filing
03 Aug 2021
Next SEC filing
01 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Bhavit Sheth, attorney-in-fact
Filing notes and source

Key filing fact

Bahman Koohestani filed Form 4 for LendingClub Corp (LC) on 27 Aug 2021.

Key facts

  • This page summarizes Bahman Koohestani's Form 4 filing for LendingClub Corp (LC).
  • 15 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 27 Aug 2021, 18:46.

Change

  • Previous filing in this sequence was filed on 03 Aug 2021.
  • Current net transaction value: -$483,077.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+14,837
Change %
+12%
Price
$0.000000
Shares after
135,480
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$227,173
Shares
-7,812
Change %
-5.8%
Price
$29.08
Shares after
127,668
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,529
Change %
+1.2%
Price
$0.000000
Shares after
129,197
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$23,438
Shares
-806
Change %
-0.62%
Price
$29.08
Shares after
128,391
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,493
Change %
+3.5%
Price
$0.000000
Shares after
132,884
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$68,803
Shares
-2,366
Change %
-1.8%
Price
$29.08
Shares after
130,518
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+6,298
Change %
+4.8%
Price
$0.000000
Shares after
136,816
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$96,429
Shares
-3,316
Change %
-2.4%
Price
$29.08
Shares after
133,500
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2
LC transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,390
Change %
+3.3%
Price
$0.000000
Shares after
137,890
Date
25 Aug 2021
Ownership
Direct
Footnotes
F1
LC transaction

Common Stock

Tax liability

Transaction value
$67,233
Shares
-2,312
Change %
-1.7%
Price
$29.08
Shares after
135,578
Date
25 Aug 2021
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-14,837
Change %
-25%
Price
$0.000000
Shares after
44,511
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,837
Exercise price
$0.000000
Footnotes
F1, F3, F4
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-1,529
Change %
-50%
Price
$0.000000
Shares after
1,530
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,529
Exercise price
$0.000000
Footnotes
F1, F4, F5
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-4,493
Change %
-14%
Price
$0.000000
Shares after
26,957
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,493
Exercise price
$0.000000
Footnotes
F1, F4, F6
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-6,298
Change %
-9.1%
Price
$0.000000
Shares after
62,980
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,298
Exercise price
$0.000000
Footnotes
F1, F4, F7
LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value
$0
Shares
-4,390
Change %
-9.1%
Price
$0.000000
Shares after
43,897
Date
25 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,390
Exercise price
$0.000000
Footnotes
F1, F4, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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.

Footnote F2

Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.

Footnote F3

The RSUs vested as to 6.25% of the total shares on August 25, 2018, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

Footnote F4

Not applicable

Footnote F5

The RSUs vested as to 25% of the total shares on May 25, 2020, with an additional 12.5% of the total shares vesting quarterly thereafter, subject to continuous service through each vesting date.

Footnote F6

The RSUs vested as to 6.25% of the total shares on May 25, 2019, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

Footnote F7

The RSUs vested as to 6.25% of the total shares on May 25, 2020, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

Footnote F8

The RSUs vested as to 8.33% of the total shares on May 25, 2021, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

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