Scott Sanborn - 25 Nov 2021 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 Nov 2021
Net transactions value
-$1,340,863
Form type
4
Filing time
29 Nov 2021, 19:29:22 UTC
Previous filing
27 Aug 2021
Next filing
22 Dec 2021
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 +9,328 +1.1% $0.000000 834,015 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $187,000 -4,912 -0.59% $38.07* 829,103 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +10,190 +1.2% $0.000000 839,293 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $204,284 -5,366 -0.64% $38.07* 833,927 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +9,984 +1.2% $0.000000 843,911 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $200,134 -5,257 -0.62% $38.07* 838,654 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +13,495 +1.6% $0.000000 852,149 25 Nov 2021 Direct F1
transaction LC Common Stock Disposed to Issuer $513,755 -13,495 -1.6% $38.07* 838,654 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +11,758 +1.4% $0.000000 850,412 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $235,691 -6,191 -0.73% $38.07* 844,221 25 Nov 2021 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 -9,328 -50% $0.000000 9,329 25 Nov 2021 Common Stock 9,328 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10,190 -100% $0.000000* 0 25 Nov 2021 Common Stock 10,190 $0.000000 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -9,984 -17% $0.000000 49,921 25 Nov 2021 Common Stock 9,984 $0.000000 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13,495 -10% $0.000000 121,462 25 Nov 2021 Common Stock 13,495 $0.000000 Direct F1, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11,758 -10% $0.000000 105,822 25 Nov 2021 Common Stock 11,758 $0.000000 Direct F1, F5, F9
* 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 Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F3 Represents the settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F4 The RSUs vested as to 6.25% of the total shares on May 25, 2018, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F5 Not applicable.
F6 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.
F7 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.
F8 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.
F9 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.