LC insider files Form 144 to sell 20,903 shares worth $356,164

Rhea-AI Filing Summary

LendingClub Corp (LC) Form 144 notice reports a proposed sale of 20,903 common shares through Charles Schwab & Co., with an aggregate market value of $356,164, scheduled approximately 09/15/2025 on the NYSE. The filing shows these shares were acquired on 08/25/2024 via a restricted stock lapse as equity compensation from LendingClub Corporation. The filer also reported a recent sale on 07/30/2025 of 17,955 shares for gross proceeds of $298,995. The notice includes the standard Rule 144 certification about absence of undisclosed material information.

Positive

• Transparent disclosure of planned sale quantities, acquisition date, and nature of acquisition (restricted stock lapse).
• Includes prior recent sale (17,955 shares for $298,995), providing continuity and context for insider transactions.

Negative

• Insider selling of 20,903 shares valued at $356,164 may be viewed negatively by some investors seeking insider buying signals.

Insights

Securities Analyst

TL;DR: This is a routine insider Form 144 disclosing planned sales of restricted-equity shares; size appears modest relative to typical public-company float.

The filing documents a planned sale of 20,903 shares valued at $356,164 and a prior sale of 17,955 shares for $298,995. The shares were acquired on 08/25/2024 via restricted stock lapse and are being sold through a broker on the NYSE. From a market-impact perspective, disclosed volumes and proceeds are specific and allow investors to track insider liquidity events. No other material corporate actions, earnings data, or governance changes are disclosed.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing an insider exercising liquidity; documentation aligns with Rule 144 disclosure requirements.

The notice contains the required representations under Rule 144, including the signers certification regarding undisclosed material information and reference to potential Rule 10b5-1 plans. It clarifies acquisition type (restricted stock lapse) and payment nature (equity compensation), which helps assess whether sales are routine compensation monetization. There is no indication in this filing of unusual governance events or regulatory concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	20903	356164.00	114740147	09/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/25/2024	Restricted Stock Lapse	LendingClub Corporation			20903	08/25/2024	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Andrew LaBenne 595 MARKET STREET SUITE 200 SAN FRANCISCO CA 94105	LendingClub Corp	07/30/2025	17955	298995.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does LendingClub (LC) disclose in this Form 144?

The filing discloses a proposed sale of 20,903 common shares valued at $356,164, acquired on 08/25/2024 via restricted stock lapse, with an approximate sale date of 09/15/2025 on the NYSE.

Who is the broker handling the proposed sale for LC shares?

The broker listed is Charles Schwab & Co., Inc. located at 3000 Schwab Way, Westlake, TX; the sale is scheduled on the NYSE.

Has the filer recently sold other LendingClub shares?

Yes, the filing reports a sale on 07/30/2025 of 17,955 shares for gross proceeds of $298,995.

How were the shares being sold originally acquired?

The shares were acquired on 08/25/2024 through a restricted stock lapse as part of equity compensation from LendingClub Corporation.

Does the Form 144 include representations about material non-public information?

Yes, the signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed and references Rule 10b5-1 if applicable.