LC insider files Form 144 to sell 60,000 RSU shares valued at $1.03M

Rhea-AI Filing Summary

LendingClub (LC) Form 144 notice: An insider intends to sell 60,000 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $1,030,800.00, and the planned approximate sale date is 09/02/2025 on the NYSE. The shares were acquired as restricted stock units on 05/25/2019 from the issuer.

The filing also reports three recent open‑market sales by the same person (Scott C. Sanborn) totaling 15,750 shares between 06/05/2025 and 07/03/2025 for aggregate gross proceeds reported as $178,518.91. The filer certifies no undisclosed material adverse information and follows Rule 144 disclosure requirements.

Insights

Securities/Corporate Governance Analyst

TL;DR: Insider intends to sell 60,000 RSU‑derived shares (~$1.03M); recent smaller sales occurred in June–July 2025.

The Form 144 is a routine regulatory notice signaling an insider plans to sell restricted shares that vested from RSUs granted in 2019. The aggregate market value of the planned sale is stated as $1,030,800.00, and trades are to be executed through Morgan Stanley Smith Barney on the NYSE on or about 09/02/2025. Prior reported transactions show the insider sold 5,250 shares on each of 06/05/2025, 06/20/2025, and 07/03/2025, generating reported gross proceeds of $54,061.35, $58,525.43, and $65,932.13 respectively. From a governance perspective, these disclosures increase transparency but do not by themselves indicate company performance changes because the filing states the shares were acquired as compensation and the filer affirms no material nonpublic information.

Equity Capital Markets Specialist

TL;DR: Market impact is likely limited; a single planned sale of ~60k shares (~$1.03M) is typically immaterial for a public issuer of scale.

The notice documents an intended sale via a broker and lists historical micro‑sales in the prior three months. For institutional investors and trading desks, this is useful execution and compliance information but unlikely to move valuation materially unless combined with other adverse disclosures. Execution through a major broker suggests standard block or programmatic liquidation rather than opportunistic market signaling. Impact is therefore assessed as neutral absent further company developments.

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

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	60000	1030800.00	114740147	09/02/2025	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	05/25/2019	Restricted Stock Units	Issuer			60000	05/25/2019	N/A

* 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
SCOTT C SANBORN 595 Market Street, Suite 200 San Francisco CA 94105	Common	07/03/2025	5250	65932.13
SCOTT C SANBORN 595 Market Street, Suite 200 San Francisco CA 94105	Common	06/20/2025	5250	58525.43
SCOTT C SANBORN 595 Market Street, Suite 200 San Francisco CA 94105	Common	06/05/2025	5250	54061.35

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 Form 144 (LC) disclose?

The Form 144 discloses an intended sale of 60,000 common shares (RSU‑derived) with aggregate market value of $1,030,800.00, planned around 09/02/2025, executed through Morgan Stanley Smith Barney on the NYSE.

Who is the seller named in the filing for LC?

The filing identifies prior seller activity by Scott C. Sanborn at the address shown, with three sales totaling 15,750 shares between 06/05/2025 and 07/03/2025.

When were the 60,000 shares acquired according to the Form 144?

The shares were acquired as restricted stock units on 05/25/2019 and are being sold after vesting.

Through which broker will the LC shares be sold?

The planned sale is to be executed via Morgan Stanley Smith Barney LLC, Executive Financial Services on the NYSE.

Does the filing indicate any undisclosed material information about LendingClub?

No. The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.