[Form 3] LendingClub Corporation Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Enovix Corporation (ENVX) – Form 4 insider filing dated 07/09/2025

Chief Legal Officer Arthi Chakravarthy reported an automatic share disposition related to the vesting of restricted stock units (RSUs) on 07/08/2025. The company withheld 4,287 common shares at a reference price of $13.44 per share (transaction code F) solely to cover federal and state tax obligations. No open-market purchase or sale occurred.

Following the withholding, Chakravarthy’s aggregate beneficial ownership stands at 431,334 shares, of which 343,953 shares are underlying un-settled RSUs. Ownership remains direct; no indirect holdings were reported. The filing does not reveal additional derivative transactions or new option grants.

Because the transaction represents routine tax-withholding rather than discretionary buying or selling, the filing carries minimal market impact and does not materially alter the insider’s exposure to ENVX equity.

Insights

Securities Analyst

TL;DR: Routine tax-withholding; neutral signal, does not change insider ownership meaningfully.

The Form 4 shows an F-code transaction—shares withheld to satisfy taxes on RSU vesting. Such actions are mandated and therefore provide no directional insight into insider sentiment. Chakravarthy’s remaining 431k-share stake (≈0.2–0.3% of outstanding, depending on share count) indicates continued alignment but is unchanged economically. Investors should view this as administrative housekeeping rather than a valuation catalyst.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Mattics Steven C

(Last) (First) (Middle)

C/O LENDINGCLUB CORPORATION

595 MARKET ST. #200

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2025

3. Issuer Name and Ticker or Trading Symbol
LendingClub Corp [ LC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Bank - Chief Lending Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit (RSU)	(1)	(2)	Common Stock	252,404	$0(3)	D

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs") under the Issuer's 2014 Equity Incentive Plan. The RSUs will vest as to 33.33% of the total shares on May 25, 2026, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

2. Not applicable.

3. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

	/s/ Bhavit Sheth, attorney-in-fact	07/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did ENVX report on Form 4 dated 07/09/2025?

The Chief Legal Officer had 4,287 shares withheld to cover taxes from RSU vesting—no open-market trade.

How many Enovix shares does Arthi Chakravarthy now own?

Post-transaction, she beneficially owns 431,334 ENVX shares, including 343,953 RSUs still to settle.

What does transaction code “F” mean in ENVX’s Form 4?

Code F indicates shares were withheld for tax purposes upon the vesting of equity awards.

Was this Form 4 a discretionary buy or sell of ENVX stock?

No. It was a non-discretionary tax-withholding transaction; the insider neither bought nor sold on the open market.

Does the filing signal anything about Enovix’s outlook?

Because the move is administrative, it offers no material insight into the company’s fundamentals or insider sentiment.