LaBenne Andrew 4

What Happened

• Andrew LaBenne, Chief Financial Officer of LendingClub, reported three gift transactions dated Feb 17, 2026. The Form 4 shows transfers of 2,000 shares (disposed, $0.00), 1,000 shares (disposed, $0.00), and 2,000 shares (acquired, $0.00) — aggregated as 5,000 shares moved with no sale proceeds. The filing treats these as bona fide gifts/UTMA transfers rather than open-market sales or purchases.

Key Details

• Transaction date(s): Feb 17, 2026; Form 4 filed Feb 19, 2026 (typically within the 2-business-day reporting window).
• Price: $0.00 for each reported transfer (gift code G).
• Shares reported moved: total of 5,000 shares (2,000; 1,000; 2,000).
• Shares owned after transaction: filing footnote states 6,000 shares are held in each of two UTMA accounts for the Reporting Person’s children (see footnote F3). Total personal holdings for the reporting person are not specified in the summary lines.
• Notable footnotes:
  • F1: Two separate transfers of 1,000 shares each under Uniform Transfer to Minors Act (UTMA) for two children.
  • F2: Transfer of 1,000 shares by bona fide gift.
  • F3: Aggregates 6,000 shares held in each of two UTMA accounts for the children.
• No indication of a 10b5-1 plan, tax-withholding sale, or cashless exercise in this filing.

Context

• These were gifts/UTMA transfers (Form 4 code G). Gifts and transfers to minors are usually for estate planning or family reasons and do not necessarily signal the insider’s view of the company’s prospects.
• Because no cash changed hands in the reported transfers, there are no sale proceeds to use as a directional market signal.