Sanborn Scott 4

What Happened Scott Sanborn, CEO and Director of LendingClub Corp (LC), disposed of 4,899 shares on June 9, 2026 at $18.00 per share, for a total proceeds of $88,182. The filing lists the transaction as a sale (code S) effected pursuant to a Rule 10b5-1 trading plan to diversify the Reporting Person’s holdings.

Key Details

• Transaction date and price: 2026-06-09, 4,899 shares sold at $18.00 each.
• Total value: $88,182.
• Method: Reported as open-market or private sale; effected under a Rule 10b5-1 trading plan.
• Plan disclosure: As of the issuer’s Form 10-Q for the period ending March 31, 2026, the maximum number of shares that may be sold under the plan, inclusive of this sale, represents 9.4% of the Reporting Person’s equity interest in the issuer.
• Shares owned after transaction: Not disclosed in the Form 4.
• Filing timeliness: Form 4 was filed on June 11, 2026 (within the usual two-business-day reporting window).

Context Sales under Rule 10b5-1 plans are commonly used for scheduled diversification and do not by themselves indicate a change in the insider’s view of the company. Retail investors typically weigh insider purchases more heavily than routine sales when assessing insider sentiment.