Lendingclub Corp SEC Filings

LendingClub Corporation announced several leadership changes. Long-time director and independent Chairman John C. (Hans) Morris has notified the company of his intent to resign from the Board, his role as independent Chairman, and all Board committees, effective March 31, 2026, after nearly thirteen years of service. The company states his decision was not the result of any disagreement with the company.

In connection with his departure, the Board has appointed Timothy J. Mayopoulos, a director since 2016 with decades of financial services experience, as independent Chairman of the Board effective April 1, 2026. Separately, Annie Armstrong informed LendingClub of her intent to resign as Chief Risk Officer effective March 1, 2026. She is expected to remain as a non-executive employee through March 31, 2026 to support an orderly transition, and her decision is also stated not to be due to any disagreement with the company.

LendingClub Corporation’s Chief Financial Officer Andrew LaBenne reported equity compensation activity on common stock. On January 16, 2026, he acquired 70,897 shares of common stock at $0 per share, representing fully vested shares from performance-based restricted stock units granted on March 12, 2023 under the 2014 Equity Incentive Plan.

On the same date, 36,968 shares were withheld by LendingClub at a price of $20.36 per share to satisfy tax withholding obligations related to that vesting; this is explicitly described as not being a sale of shares. After these transactions, LaBenne directly beneficially owned 230,521 shares and indirectly beneficially owned 10,000 shares held in two UTMA accounts for his children.

LendingClub Corporation’s Chief Risk Officer Annie Armstrong reported several equity transactions in company common stock on January 16, 2026. She acquired 50,641 shares at $0 when performance-based restricted stock units granted on March 12, 2023 vested after the compensation committee certified achievement of performance criteria. To cover tax withholding on this vesting, 27,473 shares were withheld by the company at $20.36 per share, which is not described as a sale of shares. In addition, 6,666 shares were sold at $20.38 per share in a transaction effected under a Rule 10b5-1 trading plan. After these transactions, Armstrong directly held 383,528 shares of LendingClub common stock.

LendingClub Corp CEO Scott Sanborn reported equity compensation activity involving the company’s common stock. On January 16, 2026, he acquired 278,520 shares of common stock at $0 per share, reflecting the vesting of performance-based restricted stock units after the compensation committee certified that performance goals were met under a 2023 award.

On the same date, 149,140 shares were withheld by LendingClub at a price of $20.36 per share to cover tax withholding obligations tied to this vesting, and this is explicitly stated as not being a market sale. After these transactions, Sanborn directly held 1,356,345 shares of LendingClub common stock.

Dimensional Fund Advisors LP reported its holdings in LendingClub Corp common stock as of 12/31/2025. The firm reported beneficial ownership of 5,620,395 shares, representing 4.9% of the outstanding common stock. Dimensional reported sole power to vote 5,528,290 shares and sole power to dispose of 5,620,395 shares.

The filing explains that all securities are owned by underlying funds and accounts advised or sub-advised by Dimensional or its subsidiaries, and Dimensional disclaims beneficial ownership of these shares. The firm states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of LendingClub.

LendingClub Corp's Chief Risk Officer, who is an officer of the company, reported a small stock sale. On 12/22/2025, the insider sold 1,333 shares of LendingClub common stock in an open-market transaction coded as "S" for sale. The weighted-average sale price was $20.0158 per share, with trades executed between $20.00 and $20.03, under a pre-arranged Rule 10b5-1 trading plan.

After this transaction, the reporting person beneficially owned 367,026 shares of LendingClub common stock, held directly. The filing notes that detailed trade-by-trade information is available upon request to the company, the SEC staff, or a security holder.

LendingClub Corp Chief Risk Officer reports small stock sale under pre-set plan. The officer, serving as Chief Risk Officer, sold 5,333 shares of LendingClub common stock on 12/17/2025 in an open market transaction coded as a sale. The weighted-average sale price was $18.8328 per share, with individual trades executed between $18.80 and $18.90. After this transaction, the officer beneficially owns 368,359 shares directly. The sale was carried out pursuant to a Rule 10b5-1 trading plan, which is a pre-arranged plan for buying or selling shares.

LendingClub Corp's Chief Risk Officer reported selling 5,332 shares of common stock on 12/11/2025 at $20 per share. After this transaction, the officer directly beneficially owns 373,692 shares. The sale was carried out under a Rule 10b5-1 trading plan, which the filing describes as a contract, instruction or written plan for purchasing or selling the issuer's equity securities that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

LendingClub Corp insider Annie Armstrong filed a Form 144 notice to sell 25,330 shares of common stock through Charles Schwab on or about 12/11/2025, with an aggregate market value of $506,600. These shares are part of 115,301,440 LendingClub shares outstanding.

The planned sale relates to equity compensation awards, including 9,661 shares from a restricted stock lapse on 11/25/2024 and 15,669 shares from RSU/PSU awards dated 05/25/2021. Over the past three months, Armstrong has already sold 5,333 shares on each of 09/17/2025, 10/17/2025, and 11/17/2025, for gross proceeds of $91,674, $82,733, and $91,194, respectively.