Sanborn Scott 4

4 · LendingClub Corp · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

LendingClub (LC) CEO Sanborn Scott Receives 534,895 Shares from RSU Vesting

What Happened

Sanborn Scott, CEO and Director of LendingClub (LC), had restricted stock units (RSUs) vest on February 25, 2026, resulting in the conversion/acquisition of 534,895 shares (reported as derivative exercises, code M). To cover tax withholding obligations, 285,636 shares were withheld (reported as code F) at $15.02/share, a withholding value of $4,290,253. After withholding, Scott received 249,259 net shares.

Key Details

Transaction date: February 25, 2026; Form filed February 27, 2026 (timely).
Shares acquired via conversion/vesting: 534,895 (aggregate of 14,945; 498,754; 13,151; 8,045).
Shares withheld for taxes: 285,636 at $15.02/share = $4,290,253 (tax withholding — not an open-market sale).
Net shares delivered to insider: 249,259.
Footnotes: RSUs convert to one share each upon vesting (F1); the withholding represents shares retained by the issuer to satisfy tax obligations (F2); these RSUs vested in full on Feb 25, 2026 (F5).
Filing does not disclose Scott’s total shares owned after these transactions.

Context

This was an award/vesting event (RSU conversion), not a purchase or an open-market sale. The withholding of shares to cover taxes is a routine cashless settlement and should not be interpreted as a market sale signal. Transaction codes: M = derivative exercise/conversion (vesting), F = payment of tax liability (withholding).

Form 4

Period: 2026-02-25

DirectorCEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-25+14,945→ 1,371,290 total
Exercise/Conversion
Common Stock
[F1]
2026-02-25+498,754→ 1,870,044 total
Exercise/Conversion
Common Stock
[F1]
2026-02-25+13,151→ 1,883,195 total
Exercise/Conversion
Common Stock
[F1]
2026-02-25+8,045→ 1,891,240 total
Tax Payment
Common Stock
[F2]
2026-02-25$15.02/sh−285,636$4,290,253→ 1,605,604 total
Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F3][F4]
2026-02-25−14,945→ 0 total
Exercise: $0.00→ Common Stock (14,945 underlying)
Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F5][F4]
2026-02-25−498,754→ 0 total
Exercise: $0.00→ Common Stock (498,754 underlying)
Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F6][F4]
2026-02-25−13,151→ 52,603 total
Exercise: $0.00→ Common Stock (13,151 underlying)
Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F7][F4]
2026-02-25−8,045→ 64,360 total
Exercise: $0.00→ Common Stock (8,045 underlying)

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]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.
[F4]Not applicable.
[F5]The RSUs vested as to 100% of the total shares on February 25, 2026, subject to continued service through the vesting date.
[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