Scott Sanborn - 25 Aug 2023 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 2023
Transactions value $
-$219,486
Form type
4
Filing time
29 Aug 2023, 19:45:18 UTC
Previous filing
20 Jun 2023
Next filing
02 Nov 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 +13,496 +1.01% $0 1,347,650 25 Aug 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +11,758 +0.87% $0 1,359,408 25 Aug 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +8,253 +0.61% $0 1,367,661 25 Aug 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +14,944 +1.09% $0 1,382,605 25 Aug 2023 Direct F1
transaction LC Common Stock Disposed to Issuer -$92,852 -13,496 -0.98% $6.88 1,369,109 25 Aug 2023 Direct F2
transaction LC Common Stock Tax liability -$126,633 -18,406 -1.34% $6.88 1,350,703 25 Aug 2023 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 -13,496 -33.33% $0 26,992 25 Aug 2023 Common Stock 13,496 $0 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11,758 -33.33% $0 23,516 25 Aug 2023 Common Stock 11,758 $0 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8,253 -14.29% $0 49,516 25 Aug 2023 Common Stock 8,253 $0 Direct F1, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -14,944 -9.09% $0 149,443 25 Aug 2023 Common Stock 14,944 $0 Direct F1, F5, F8
* 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 Does not represent a sale of shares. Represents the settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F3 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.
F4 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.
F5 Not applicable.
F6 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.
F7 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.
F8 The RSUs vested as to 8.33% of the total shares on May 25, 2023, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.