LANDON ALLAN R 4
4 · LendingClub Corp · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
LendingClub (LC) Director Landon Allan R Receives RSU Award
What Happened Landon Allan R, a director of LendingClub Corp (LC), was granted 13,715 restricted stock units (RSUs) on June 2, 2026. The Form 4 reports the award as an acquisition (code A) at $0.00 per unit (13,715 RSUs acquired). This was a compensation grant to a non-employee director rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-02; Report filed: 2026-06-04 (filed timely).
- Transaction type/code: Grant/Award (A).
- Shares/units granted: 13,715 RSUs; reported price: $0.00 (award, not a cash purchase).
- Shares owned following the transaction: Not specified in this filing.
- Footnote: RSUs represent the contingent right to receive one share per vested RSU. Vesting occurs quarterly over one year beginning June 2, 2026, subject to continued service (annual non-employee director award).
Context RSU grants to directors are routine compensation and do not represent an outright purchase or sale of stock; they convert into common shares only as they vest. Since this is a grant, it’s not necessarily an immediate bullish or bearish signal about the director’s personal buying/selling intent.
Insider Transaction Report
Form 4
LANDON ALLAN R
Director
Transactions
- Award
Common Stock
[F1]2026-06-02+13,715→ 13,715 total
Holdings
- 145,327
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