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LendingClub Corp — Director's Dealing 2024
Feb 27, 2024
31748_dirs_2024-02-27_dd2b587f-2397-4559-a8b8-9159e1ef99dc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LendingClub Corp (LC)
CIK: 0001409970
Period of Report: 2024-02-25
Reporting Person: ARMSTRONG ANNIE (Chief Risk Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-25 | Common Stock | M | 23777 | — | Acquired | 326261 | Direct |
| 2024-02-25 | Common Stock | M | 5488 | — | Acquired | 331749 | Direct |
| 2024-02-25 | Common Stock | M | 4279 | — | Acquired | 336028 | Direct |
| 2024-02-25 | Common Stock | M | 7749 | — | Acquired | 343777 | Direct |
| 2024-02-25 | Common Stock | F | 22953 | $8.15 | Disposed | 320824 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-25 | Restricted Stock Unit (RSU) | $0 | M | 23777 | Disposed | Common Stock (23777) | Direct | |
| 2024-02-25 | Restricted Stock Unit (RSU) | $0 | M | 5488 | Disposed | Common Stock (5488) | Direct | |
| 2024-02-25 | Restricted Stock Unit (RSU) | $0 | M | 4279 | Disposed | Common Stock (4279) | Direct | |
| 2024-02-25 | Restricted Stock Unit (RSU) | $0 | M | 7749 | Disposed | Common Stock (7749) | Direct |
Footnotes
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 25% of the total shares on May 25, 2021, 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 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.
F6: 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.
F7: 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.