LaBenne Andrew 4

What Happened
Andrew LaBenne, Chief Financial Officer of LendingClub (LC), sold 20,000 shares of LendingClub common stock in an open-market transaction on May 28, 2026. The reported weighted-average price was $17.00 (trade prices ranged $17.00–$17.02), producing proceeds of approximately $340,064. This was a sale (not a purchase), executed pursuant to a prearranged Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-05-28; Form 4 filed 2026-05-29 (appears timely; Form 4 normally due within two business days).
• Price(s): trades executed between $17.00 and $17.02; weighted-average price reported as $17.00.
• Shares disposed: 20,000; reported proceeds: $340,064.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes of note:
  • The sale was effected under a Rule 10b5-1 plan to diversify the reporting person’s assets; the plan’s maximum sellable shares, inclusive of this transaction, represent 7.0% of the reporting person’s equity interest in the issuer.
  • The trades were executed in multiple transactions during the date; the reporting person will provide full trade-level price/quantity details on request.
  • The filing aggregates 6,000 shares held in each of two UTMA accounts for the reporting person’s children (12,000 shares total) where applicable.

Context
A 10b5-1 plan indicates the trades were prearranged and routine rather than necessarily a contemporaneous signal about the company’s outlook. Sales can reflect diversification or liquidity needs; they are not direct evidence of insider sentiment.