Ahmad Syed Faiz 4
4 · LendingClub Corp · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
LendingClub (LC) Director Ahmad Syed Faiz Receives RSU Award
What Happened
- Ahmad Syed Faiz, a director of LendingClub Corporation (LC), was granted 13,715 Restricted Stock Units (RSUs) on June 2, 2026. The reported acquisition price is $0.00 (grant), so no cash was paid; the RSUs represent the contingent right to receive shares upon vesting.
Key Details
- Transaction date: June 2, 2026. Filing date: June 4, 2026 (appears timely).
- Transaction type: Award/Grant (RSUs) — 13,715 units at $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote: This is the annual non-employee director equity award under the LendingClub 2014 Equity Incentive Plan. Each RSU converts to one share upon vesting; vesting occurs quarterly over one year beginning June 2, 2026, subject to continued service.
Context
- RSU grants to non-employee directors are routine compensation and do not represent an open-market purchase or sale. These RSUs are contingent awards that vest over time; until vesting they are not freely tradable shares.
Insider Transaction Report
Form 4
Ahmad Syed Faiz
Director
Transactions
- Award
Common Stock
[F1]2026-06-02+13,715→ 13,715 total
Holdings
- 85,263
Common Stock
Footnotes (1)
- [F1]Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, subject to continued service through each vesting date.
Signature
/s/ Bhavit Sheth, attorney-in-fact|2026-06-04