Scott Sanborn - 09 Apr 2025 Form 4 Insider Report for LendingClub Corp (LC)

Role: CEO, Director
Signature: /s/ Bhavit Sheth, attorney-in-fact
Issuer symbol: LC
Transactions as of: 09 Apr 2025
Net transactions value: -$52,500
Form type: 4
Filing time: 11 Apr 2025, 17:27:36 UTC
Previous filing: 14 Mar 2025
Next filing: 25 Apr 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	Sale	$52,500	-5,250	-0.4%	$10.00	1,303,032	09 Apr 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-K for the period ending December 31, 2024, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 4.1% of the Reporting Person's equity interest in the Issuer.

Content

This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-K for the period ending December 31, 2024, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 4.1% of the Reporting Person's equity interest in the Issuer.