Andrew LaBenne - Feb 25, 2025 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Financial Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Feb 25, 2025
Transactions value $
-$283,481
Form type
4
Date filed
2/27/2025, 06:26 PM
Previous filing
Feb 5, 2025
Next filing
Mar 14, 2025
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 +20K +13.24% $0.00 171K Feb 25, 2025 Direct F1
transaction LC Common Stock Options Exercise $0 +10.8K +6.34% $0.00 182K Feb 25, 2025 Direct F1
transaction LC Common Stock Options Exercise $0 +12.3K +6.74% $0.00 194K Feb 25, 2025 Direct F1
transaction LC Common Stock Tax liability -$283K -22.7K -11.7% $12.47 172K Feb 25, 2025 Direct F2
holding LC Common Stock 10K Feb 25, 2025 UTMAs for Children 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 -20K -33.33% $0.00 40K Feb 25, 2025 Common Stock 20K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -10.8K -20% $0.00 43.4K Feb 25, 2025 Common Stock 10.8K $0.00 Direct F1, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.3K -11.11% $0.00 98.2K Feb 25, 2025 Common Stock 12.3K $0.00 Direct F1, F5, F7
* 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 number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F3 Aggregates 5,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
F4 The RSUs vested as to 33.33% of the total shares on August 25, 2023, with an additional 8.33% 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, 2023, 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, 2024, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.