Valerie Kay - Feb 25, 2023 Form 4 Insider Report for LendingClub Corp (LC)

Role
Bank-Chief Capital Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Feb 25, 2023
Transactions value $
-$210,968
Form type
4
Date filed
2/28/2023, 06:08 PM
Previous filing
Nov 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +4.49K +2.6% $0.00 177K Feb 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +6.3K +3.56% $0.00 183K Feb 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +18K +9.84% $0.00 201K Feb 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +5.49K +2.73% $0.00 207K Feb 25, 2023 Direct F1
transaction LC Common Stock Options Exercise $0 +4.28K +2.07% $0.00 211K Feb 25, 2023 Direct F1
transaction LC Common Stock Tax liability -$211K -22K -10.4% $9.61 189K Feb 25, 2023 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 -4.49K -100% $0.00* 0 Feb 25, 2023 Common Stock 4.49K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6.3K -20% $0.00 25.2K Feb 25, 2023 Common Stock 6.3K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -18K -100% $0.00* 0 Feb 25, 2023 Common Stock 18K $0.00 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5.49K -20% $0.00 21.9K Feb 25, 2023 Common Stock 5.49K $0.00 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4.28K -11.11% $0.00 34.2K Feb 25, 2023 Common Stock 4.28K $0.00 Direct F1, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Valerie Kay is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 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.
F4 Not applicable.
F5 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.
F6 The RSUs vested as to 25% of the total shares on May 25, 2022, with an additional 25% of the total shares vesting quarterly thereafter, subject to continuous 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.
F8 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.

Remarks:

Effective February 25, 2023, the Reporting Person ceased being an Officer of the Issuer.