Scott Sanborn - 25 Nov 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 Nov 2022
Net transactions value
-$920,131
Form type
4
Filing time
29 Nov 2022, 19:21:31 UTC
Previous filing
04 Oct 2022
Next filing
28 Feb 2023
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 +0.95% $0.000000 1,062,523 25 Nov 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +13,496 +1.3% $0.000000 1,076,019 25 Nov 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +110,177 +10% $0.000000 1,186,196 25 Nov 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +11,758 +0.99% $0.000000 1,197,954 25 Nov 2022 Direct F1
transaction LC Common Stock Options Exercise $0 +8,253 +0.69% $0.000000 1,206,207 25 Nov 2022 Direct F1
transaction LC Common Stock Disposed to Issuer $142,248 -13,496 -1.1% $10.54 1,192,711 25 Nov 2022 Direct F2
transaction LC Common Stock Tax liability $777,884 -73,803 -6.2% $10.54 1,118,908 25 Nov 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 -50% $0.000000 9,985 25 Nov 2022 Common Stock 9,984 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -13,496 -17% $0.000000 67,479 25 Nov 2022 Common Stock 13,496 $0.000000 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -110,177 -50% $0.000000 110,177 25 Nov 2022 Common Stock 110,177 $0.000000 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11,758 -17% $0.000000 58,790 25 Nov 2022 Common Stock 11,758 $0.000000 Direct F1, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8,253 -10% $0.000000 74,274 25 Nov 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.