LaBenne Andrew 4

What Happened

• Andrew LaBenne, Chief Financial Officer of LendingClub Corp (LC), received a grant of 74,153 restricted stock units (RSUs) on March 5, 2026. The filing lists the acquisition price as $0.00 because this was an award/derivative grant rather than an open‑market purchase or sale.

Key Details

• Transaction date and type: 2026-03-05 — Grant/Award (code A).
• Amount: 74,153 RSUs; price shown $0.00 (derivative award).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: F1 explains each RSU represents the contingent right to one share upon vesting. F2 states the RSUs were granted under the 2014 Equity Incentive Plan and vest 8.33% on May 25, 2026, with an additional 8.33% vesting quarterly thereafter, subject to continued service. F3: Not applicable.
• Filing timeliness: Reported on March 9, 2026 for a March 5, 2026 grant — appears to be filed within the normal two-business-day Form 4 window.

Context

• RSUs are contingent awards that convert to actual shares only as they vest; they are not an immediate cash purchase or sale. This grant is a form of compensation/retention award common for executives and does not by itself indicate immediate buying or selling of stock.