BRANDON PACE - 25 May 2022 Form 4 Insider Report for LendingClub Corp (LC)

Role: Chief Administrative Officer
Signature: /s/ Bhavit Sheth, attorney-in-fact
Issuer symbol: LC
Transactions as of: 25 May 2022
Net transactions value: -$259,539
Form type: 4
Filing time: 27 May 2022, 19:18:48 UTC
Previous filing: 15 Mar 2022
Next filing: 29 Aug 2022
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	+5,691	+5.5%	$0.000000	109,300	25 May 2022	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+5,878	+5.4%	$0.000000	115,178	25 May 2022	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+16,827	+15%	$0.000000	132,005	25 May 2022	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+6,096	+4.6%	$0.000000	138,101	25 May 2022	Direct	F1
transaction	LC	Common Stock	Options Exercise	$0	+4,279	+3.1%	$0.000000	142,380	25 May 2022	Direct	F1
transaction	LC	Common Stock	Sale	$259,539	-18,462	-13%	$14.06	123,918	26 May 2022	Direct	F2, F3

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	-5,691	-25%	$0.000000	17,074	25 May 2022	Common Stock	5,691	$0.000000	Direct	F1, F4, F5
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-5,878	-12%	$0.000000	41,147	25 May 2022	Common Stock	5,878	$0.000000	Direct	F1, F5, F6
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-16,827	-25%	$0.000000	50,482	25 May 2022	Common Stock	16,827	$0.000000	Direct	F1, F5, F7
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-6,096	-12%	$0.000000	42,678	25 May 2022	Common Stock	6,096	$0.000000	Direct	F1, F5, F8
transaction	LC	Restricted Stock Unit (RSU)	Options Exercise	$0	-4,279	-8.3%	$0.000000	47,071	25 May 2022	Common Stock	4,279	$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 required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its 2014 Equity Incentive Plan to require the satisfaction of tax withholding obligations with respect to the Reporting Person to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F3	This transaction was executed in multiple trades during the day at prices ranging from $13.92 to $14.23. 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.
F4	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.
F5	Not applicable.
F6	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.
F7	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.
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.
F9	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.