LC Insider Notice: 2,390 Shares From Restricted Stock Lapse Planned for 09/05/2025

Rhea-AI Filing Summary

LendingClub Corporation (LC) filing a Form 144 notifies the proposed sale of 2,390 shares of common stock through Charles Schwab & Co., Inc. on the NYSE, with an aggregate market value of $40,200.00 and an approximate sale date of 09/05/2025. The shares were acquired on 09/03/2025 via a restricted stock lapse from LendingClub Corporation as equity compensation, with payment recorded on the same date. The filer also reported a prior sale on 06/13/2025 by Erin Selleck of 3,060 shares for $32,742.00. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Complete Rule 144 disclosure including broker, share count, market value, and planned sale date
• Shares originated from equity compensation with acquisition and payment dates disclosed
• Prior recent sale disclosed (3,060 shares sold on 06/13/2025 for $32,742.00), improving transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider plans to sell a small number of recently vested shares issued as equity compensation; prior small sale also disclosed.

The Form 144 shows a proposed sale of 2,390 common shares valued at $40,200 to be executed through Charles Schwab on the NYSE, representing a routine disposition of equity compensation following a restricted stock lapse. The acquisition date and payment date are both listed as 09/03/2025, indicating immediate vesting and availability to sell under Rule 144. The filing also reports a prior sale by an individual, Erin Selleck, of 3,060 shares on 06/13/2025 for $32,742. These volumes are immaterial relative to typical public company float sizes and appear consistent with routine insider selling rather than a material corporate event.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; includes the standard attestation about material non-public information.

The notice properly identifies the securities class, broker, share count, market value, and planned sale date, and documents that the shares resulted from a restricted stock lapse as equity compensation. The filing includes the mandatory representation that the selling person lacks undisclosed material adverse information. From a governance perspective, the filing meets procedural disclosure obligations; no evidence in the form indicates insider trading plan dates or Section 10b5-1 plan reliance.

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	2390	40200.00	114740147	09/05/2025	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	09/03/2025	Restricted Stock Lapse	LendingClub Corporation			2390	09/03/2025	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
Erin Selleck 595 MARKET STREET SUITE 200 SAN FRANCISCO CA 94105	LendingClub Corp	06/13/2025	3060	32742.00

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's (LC) Form 144 announce?

The filing notifies a proposed sale of 2,390 common shares valued at $40,200.00, planned for 09/05/2025 through Charles Schwab on the NYSE.

How were the 2,390 LendingClub shares acquired?

The shares were acquired on 09/03/2025 via a restricted stock lapse from LendingClub Corporation and paid as equity compensation.

Were there any recent related stock sales disclosed?

Yes. The filing reports a sale by Erin Selleck of 3,060 shares on 06/13/2025 for $32,742.00.

Through which broker will the proposed sale occur?

The proposed sale lists Charles Schwab & Co., Inc. located at 3000 Schwab Way, Westlake, TX, as the broker.

Does the Form 144 state whether the seller relies on a 10b5-1 plan?

The form includes the section for plan adoption date but does not provide a date or indicate reliance on a Rule 10b5-1 plan.