Scott Sanborn - Jun 5, 2025 Form 4 Insider Report for LendingClub Corp (LC)

Role
CEO, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Jun 5, 2025
Transactions value $
-$54,061
Form type
4
Date filed
6/6/2025, 04:49 PM
Previous filing
May 28, 2025
Next filing
Jun 23, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sanborn Scott CEO, Director C/O LENDINGCLUB CORPORATION, 595 MARKET ST. #200, SAN FRANCISCO /s/ Bhavit Sheth, attorney-in-fact 2025-06-06 0001397362

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Sale -$54.1K -5.25K -0.4% $10.30 1.3M Jun 5, 2025 Direct F1, F2
* 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.
F2 This transaction was executed in multiple trades during the date at prices ranging from $10.25 to $10.35. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.