Scott Sanborn - 25 Aug 2022 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 Aug 2022
Net transactions value
-$1,223,045
Form type
4
Filing time
29 Aug 2022, 20:45:14 UTC
Previous filing
22 Jul 2022
Next filing
04 Oct 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 +9,984 +1% $0.000000 977,487 25 Aug 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +13,495 +1.4% $0.000000 990,982 25 Aug 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +110,177 +11% $0.000000 1,101,159 25 Aug 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +11,758 +1.1% $0.000000 1,112,917 25 Aug 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +8,253 +0.74% $0.000000 1,121,170 25 Aug 2022 Direct F1
transaction LC Common Stock Disposed to Issuer $189,065 -13,495 -1.2% $14.01 1,107,675 25 Aug 2022 Direct F2
transaction LC Common Stock Tax liability $1,033,980 -73,803 -6.7% $14.01 1,033,872 25 Aug 2022 Direct 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 -9,984 -33% $0.000000 19,969 25 Aug 2022 Common Stock 9,984 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13,495 -14% $0.000000 80,975 25 Aug 2022 Common Stock 13,495 $0.000000 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -110,177 -33% $0.000000 220,354 25 Aug 2022 Common Stock 110,177 $0.000000 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11,758 -14% $0.000000 70,548 25 Aug 2022 Common Stock 11,758 $0.000000 Direct F1, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8,253 -9.1% $0.000000 82,527 25 Aug 2022 Common Stock 8,253 $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 settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F3 Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
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.