ARMSTRONG ANNIE 4

What Happened

• Annie Armstrong, Chief Risk Officer of LendingClub (LC), sold 5,333 shares on 2026-02-17 at $15.47 per share for a total of $82,502. The transaction is reported as a sale (S).

Key Details

• Transaction date and price: 2026-02-17 at $15.47 per share.
• Total proceeds: $82,502.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: Transaction was effected pursuant to a Rule 10b5-1 trading plan (pre-scheduled sales).
• Filing: Form 4 filed 2026-02-19 (appears timely — within the typical two-business-day reporting window).
• Transaction code: S = Sale (open market or private sale).

Context

• Sales executed under a 10b5-1 plan are pre-arranged and common for insiders to manage tax or diversification needs; they generally reduce the ability to infer the insider’s current view of the stock.
• This sale totaled ~$82.5k, which is modest in absolute terms for an executive-level transaction; it should be viewed as routine reporting of insider liquidity rather than a clear market signal.