Valerie Kay - 25 Feb 2023 Form 4 Insider Report for LendingClub Corp (LC)

Reporting relationship: Bank-Chief Capital Officer
Issuer ticker: LC
Reported as of: 25 Feb 2023
Net transaction value: -$210,968
SEC form: 4
Accepted by SEC: 28 Feb 2023, 18:08:19 UTC
Prior SEC filing: 29 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Bhavit Sheth, attorney-in-fact

Key filing fact

Valerie Kay filed Form 4 for LendingClub Corp (LC) on 28 Feb 2023.

Key facts

This page summarizes Valerie Kay's Form 4 filing for LendingClub Corp (LC).
11 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 28 Feb 2023, 18:08.

Change

Previous filing in this sequence was filed on 29 Nov 2022.
Current net transaction value: -$210,968.

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: +4,493
Change %: +2.6%
Price: $0.000000
Shares after: 176,990
Date: 25 Feb 2023
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +6,298
Change %: +3.6%
Price: $0.000000
Shares after: 183,288
Date: 25 Feb 2023
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +18,030
Change %: +9.8%
Price: $0.000000
Shares after: 201,318
Date: 25 Feb 2023
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +5,487
Change %: +2.7%
Price: $0.000000
Shares after: 206,805
Date: 25 Feb 2023
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,279
Change %: +2.1%
Price: $0.000000
Shares after: 211,084
Date: 25 Feb 2023
Ownership: Direct
Footnotes: F1

LC transaction

Common Stock

Tax liability

Transaction value: $210,968
Shares: -21,953
Change %: -10%
Price: $9.61
Shares after: 189,131
Date: 25 Feb 2023
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: -4,493
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 25 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,493
Exercise price: $0.000000
Footnotes: F1, F3, F4

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -6,298
Change %: -20%
Price: $0.000000
Shares after: 25,192
Date: 25 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,298
Exercise price: $0.000000
Footnotes: F1, F4, F5

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -18,030
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 25 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 18,030
Exercise price: $0.000000
Footnotes: F1, F4, F6

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -5,487
Change %: -20%
Price: $0.000000
Shares after: 21,949
Date: 25 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,487
Exercise price: $0.000000
Footnotes: F1, F4, F7

LC transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -4,279
Change %: -11%
Price: $0.000000
Shares after: 34,234
Date: 25 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,279
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

Section 16 status

Valerie Kay is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

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

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.

Footnote F3

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 F4

Not applicable.

Footnote F5

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 F6

The RSUs vested as to 25% of the total shares on May 25, 2022, with an additional 25% of the total shares vesting quarterly thereafter, subject to continuous service through each vesting date.

Footnote F7

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.

Footnote F8

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.

SEC remarks

Effective February 25, 2023, the Reporting Person ceased being an Officer of the Issuer.