Reimann Kathryn 4

What Happened

• Kathryn Reimann, a non-employee director of LendingClub Corporation (LC), was granted 13,715 restricted stock units (RSUs) on June 2, 2026. The grant shows an acquisition price of $0.00 (no cash paid at grant); the Form 4 was filed on June 4, 2026.
• Each RSU represents the contingent right to receive one share of common stock upon vesting. This is an equity award rather than an open-market purchase or sale, so it is a compensation/retention event rather than a directional trade.

Key Details

• Transaction date: 2026-06-02; Grant type: Award/Grant (Code A); Price: $0.00.
• Quantity granted: 13,715 RSUs.
• Vesting: RSUs vest quarterly over a one-year period beginning June 2, 2026 (per footnote).
• Shares owned after transaction: not provided in the data supplied.
• Filing: Form 4 filed 2026-06-04 (reported two days after the grant).
• Footnote: Annual non-employee director equity award under the 2014 Equity Incentive Plan; each RSU converts to one share upon vesting, subject to continued service.

Context

• RSU grants to non-employee directors are routine compensation and are not direct market buys or sales; they do not necessarily signal a near-term market view.
• Because the award vests over time, the shares will only be issued as each vesting date is reached, subject to the director’s continued service.