Fergal Stack - 25 Nov 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
SVP, Corporate Controller
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 Nov 2021
Net transactions value
-$239,346
Form type
4
Filing time
29 Nov 2021, 19:11:59 UTC
Previous filing
27 Aug 2021
Next filing
01 Mar 2022
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 +3,544 +3.6% $0.000000 102,846 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $58,399 -1,534 -1.5% $38.07* 101,312 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +2,396 +2.4% $0.000000 103,708 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $37,994 -998 -0.96% $38.07* 102,710 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +5,098 +5% $0.000000 107,808 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $76,406 -2,007 -1.9% $38.07* 105,801 25 Nov 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4,442 +4.2% $0.000000 110,243 25 Nov 2021 Direct F1
transaction LC Common Stock Tax liability $66,546 -1,748 -1.6% $38.07* 108,495 25 Nov 2021 Direct F2

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 -3,544 -50% $0.000000 3,546 25 Nov 2021 Common Stock 3,544 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -2,396 -17% $0.000000 11,982 25 Nov 2021 Common Stock 2,396 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,098 -10% $0.000000 45,886 25 Nov 2021 Common Stock 5,098 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4,442 -10% $0.000000 39,978 25 Nov 2021 Common Stock 4,442 $0.000000 Direct F1, F4, 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 Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F3 The RSUs vested as to 6.25% of the total shares on May 25, 2018, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F4 Not applicable.
F5 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.
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 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.