Kay Valerie 4

Accession 0001127602-22-026511

CIK 0001409970other

View on SEC.gov Company Profile

Filed

Nov 28, 7:00 PM ET

Accepted

Nov 29, 8:05 PM ET

Size

24.5 KB

Accession

0001127602-22-026511

Insider Transaction Report

Form 4

Period: 2022-11-25

LendingClub CorpLC

Kay Valerie

Chief Capital Officer

Transactions

Exercise/Conversion
Common Stock
2022-11-25+6,298→ 167,094 total
Exercise/Conversion
Restricted Stock Unit (RSU)
2022-11-25−6,298→ 31,490 total
Exercise: $0.00→ Common Stock (6,298 underlying)
Exercise/Conversion
Restricted Stock Unit (RSU)
2022-11-25−5,487→ 27,436 total
Exercise: $0.00→ Common Stock (5,487 underlying)
Exercise/Conversion
Common Stock
2022-11-25+4,493→ 160,796 total
Sale
Common Stock
2022-11-28$10.08/sh−22,392$225,812→ 172,497 total
Exercise/Conversion
Restricted Stock Unit (RSU)
2022-11-25−18,029→ 18,030 total
Exercise: $0.00→ Common Stock (18,029 underlying)
Exercise/Conversion
Common Stock
2022-11-25+5,487→ 190,610 total
Exercise/Conversion
Common Stock
2022-11-25+18,029→ 185,123 total
Exercise/Conversion
Common Stock
2022-11-25+4,279→ 194,889 total
Exercise/Conversion
Restricted Stock Unit (RSU)
2022-11-25−4,493→ 4,493 total
Exercise: $0.00→ Common Stock (4,493 underlying)
Exercise/Conversion
Restricted Stock Unit (RSU)
2022-11-25−4,279→ 38,513 total
Exercise: $0.00→ Common Stock (4,279 underlying)

Footnotes (9)

[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 required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its 2014 Equity Incentive Plan to require the satisfaction of tax withholding obligations with respect to the Reporting Person to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
[F3]This transaction was executed in multiple trades during the day at prices ranging from $9.92 to $10.30. 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.
[F4]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.
[F5]Not applicable.
[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 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.
[F8]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.
[F9]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.

Documents

1 file

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

LendingClub Corp

CIK 0001409970

→

Entity typeother

Related Parties

filerCIK 0001740868

Filing Metadata

Form type: 4
Filed: Nov 28, 7:00 PM ET
Accepted: Nov 29, 8:05 PM ET
Size: 24.5 KB

View on SEC.gov