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.