Lendingclub Corp SEC Filings

Insider activity: LendingClub Corporation (LC) CEO and director Scott Sanborn filed a Form 4 reporting the sale of 5,250 common shares on 07/03/2025 at a weighted-average price of $12.5585 per share (prices ranged $12.51-$12.61). After the transaction Sanborn continues to own 1,288,425 shares directly.

The disposition was executed under a pre-arranged Rule 10b5-1 trading plan designed to diversify personal assets. According to the filing, the maximum shares permitted under the plan represent 4.1 % of Sanborn’s total equity stake; the reported sale equates to roughly 0.4 % of his remaining holdings. No derivative securities were involved and no other officers joined the filing.

Because the trade is modest relative to ownership and occurs under a publicly disclosed plan, the filing is generally considered routine. Investors typically monitor repeated or unusually large insider sales for sentiment shifts, but an isolated, small 10b5-1 sale often has limited fundamental impact on the investment thesis.

Form 144 filing for LendingClub Corporation (LC) discloses that Chief Executive Officer Scott C. Sanborn intends to sell up to 10,500 common shares through Morgan Stanley Smith Barney on or after 3 July 2025. At the recent market price used in the filing, the transaction is valued at $130,725. The proposed sale represents roughly 0.01 % of the 114.2 million shares outstanding, thus having minimal dilutive impact.

Sanborn has already executed a series of Rule 10b5-1 programmed sales over the last three months, disposing of 31,500 shares in six equal blocks of 5,250 shares, generating aggregate gross proceeds of ≈ $327,806. All shares being sold were originally acquired as restricted stock units on 25 Nov 2018.

Investors typically monitor Form 144 filings as an indicator of insider sentiment. While the dollar value is modest relative to Sanborn’s presumed total holdings and LC’s market capitalization, continued insider selling can create incremental supply and may be interpreted as a bearish signal if it persists or accelerates.

LendingClub Corporation (LC) – Form 4 insider transaction

CEO & Director Scott Sanborn reported the sale of 5,250 shares of LendingClub common stock on 20 June 2025 at a weighted-average price of $11.1477 (individual trade range: $11.01-$11.38). The disposition was executed under a pre-arranged Rule 10b5-1 trading plan designed to diversify the executive’s holdings.

Following the transaction, Sanborn’s direct ownership stands at 1,293,675 shares. According to the footnote, the maximum shares that can be sold under the existing plan represent 4.1% of his total equity interest in the company, suggesting he retains a sizeable majority stake and ongoing alignment with shareholders.

No derivative securities were involved and no options were exercised. The filing indicates that the reporting person remains both a Director and the CEO. While insider sales can raise questions about executive sentiment, the modest size of this trade relative to the total holdings and the use of a 10b5-1 plan point to routine portfolio diversification rather than an abrupt shift in confidence.