LaBenne Andrew 4

4 · LendingClub Corp · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

LendingClub (LC) CFO Andrew LaBenne Exercises RSUs; Shares Withheld

What Happened

Andrew LaBenne, CFO of LendingClub (LC), had restricted stock units (RSUs) convert into 30,632 shares on Feb 25, 2026 (reported as exercise/conversion of a derivative, code M). To cover tax withholding, 15,786 of those shares were surrendered/withheld at $15.02 per share for a withholding value of $237,106 (code F). The net increase to LaBenne’s holdings from this vesting event is 14,846 shares.
The filing shows matching derivative conversion/disposition entries (zero-dollar entries) reflecting the RSU-to-share conversion mechanics; the only cash value reported is the tax withholding amount.

Key Details

Transaction date: 2026-02-25.
RSUs converted (acquired): 30,632 shares (10,849 + 12,274 + 7,509) at $0.00 per share (vesting conversion).
Shares withheld for taxes (disposed): 15,786 shares at $15.02 per share — total ~$237,106.
Net shares retained after withholding: 14,846 shares.
Relevant footnotes: F1 = each RSU converts to one share on vesting; F2 = shares withheld to cover tax withholding; F3 references 6,000 shares held in each of two UTMA accounts for the reporting person’s children; F4–F7 describe the RSU vesting schedule.
Filing timeliness: no late filing flag indicated in the provided data.

Context

This was a routine RSU vesting event and partial cashless tax withholding, not an open-market purchase or voluntary sale. Exercise/conversion code M indicates derivative units (RSUs) converted into shares; code F indicates shares were withheld to satisfy tax obligations. Such withholding is common and does not necessarily indicate a change in the insider’s market view.

Form 4

Period: 2026-02-25

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-25+10,849→ 238,370 total
Exercise/Conversion
Common Stock
[F1]
2026-02-25+12,274→ 250,644 total
Exercise/Conversion
Common Stock
[F1]
2026-02-25+7,509→ 258,153 total
Tax Payment
Common Stock
[F2]
2026-02-25$15.02/sh−15,786$237,106→ 242,367 total
Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F4][F5]
2026-02-25−10,849→ 0 total
Exercise: $0.00→ Common Stock (10,849 underlying)
Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F6][F5]
2026-02-25−12,274→ 49,097 total
Exercise: $0.00→ Common Stock (12,274 underlying)
Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F7][F5]
2026-02-25−7,509→ 60,069 total
Exercise: $0.00→ Common Stock (7,509 underlying)

Holdings

Footnotes (7)

[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]Aggregates 6,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
[F4]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.
[F5]Not applicable.
[F6]The RSUs vested as to 8.33% of the total shares on May 25, 2024, 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, 2025, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

Signature

/s/ Bhavit Sheth, attorney-in-fact|2026-02-27

1 file