Sanborn Scott 4

What Happened
Scott Sanborn, CEO and Director of LendingClub Corp (LC), received a grant of 79,450 restricted stock units (RSUs) on 2026-03-05. The RSUs were reported as an award (derivative acquisition) with an acquisition price of $0.00 on the Form 4 filed 2026-03-09. This is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the 2-business-day reporting window).
• Amount: 79,450 RSUs; reported acquisition price: $0.00 (derivative award).
• Plan: Granted under the Issuer's 2014 Equity Incentive Plan (per footnote).
• Vesting: 8.33% of the total shares vest on May 25, 2026, with an additional 8.33% vesting quarterly thereafter, subject to continued service (per footnote).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 explains each RSU converts to one share upon vesting; F2 gives the vesting schedule; F3 not applicable.

Context
RSU grants are a form of equity compensation — they do not involve an immediate cash outlay or sale and only convert into actual shares if and when they vest. Such awards are common for executives and are primarily compensation-related; they are not direct signals of a buy or sell decision. Because this was a grant (code A) and not a purchase or sale, there was no immediate change in market exposure until vesting occurs.