Stack Fergal 4

What Happened
Fergal Stack, SVP and Corporate Controller of LendingClub (LC), received a grant of 18,833 restricted stock units (RSUs) on 2026-03-05. The grant was recorded as a derivative award (price $0.00, total immediate value $0). Each RSU represents the contingent right to receive one share of common stock upon vesting.

Key Details

• Transaction type: Award/Grant of RSUs (derivative); reported on Form 4.
• Transaction date: 2026-03-05; filing date: 2026-03-09 (timely within the two-business-day requirement).
• Quantity: 18,833 RSUs granted at $0.00 per unit (no immediate cash exchanged).
• Vesting: Per the 2014 Equity Incentive Plan — 8.33% of the total vests on May 25, 2026, then an additional 8.33% vests quarterly thereafter, subject to continued service. (Each RSU converts to one share upon vesting.)
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1/F2 confirm RSUs convert 1:1 to common shares upon vesting and describe the vesting schedule; F3 not applicable.

Context
RSU grants are compensation and do not represent an immediate purchase or sale of stock. They create a future right to shares if and when vesting conditions are met; therefore they are not a direct bullish or bearish signal by themselves.