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LendingClub (LC) CFO exercises RSUs; shares withheld to cover taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LendingClub Corp Chief Financial Officer Andrew LaBenne reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On 2026-05-25, he exercised RSUs into a total of 25,961 shares of common stock, reflected across multiple transactions coded "M" for derivative exercises.

To cover tax obligations from the RSU vesting, 13,373 shares of common stock were withheld by the company at a price of $15.63 per share, a disposition coded "F" that the footnotes state does not represent a sale. Following these transactions, LaBenne directly holds 254,955 shares of LendingClub common stock and indirectly holds 12,000 shares through UTMA accounts for his children.

Positive

  • None.

Negative

  • None.
Insider LaBenne Andrew
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Unit (RSU) 12,274 $0.00 $0.00
Exercise Restricted Stock Unit (RSU) 7,508 $0.00 $0.00
Exercise Restricted Stock Unit (RSU) 6,179 $0.00 $0.00
Exercise Common Stock 12,274 $0.00 $0.00
Exercise Common Stock 7,508 $0.00 $0.00
Exercise Common Stock 6,179 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 13,373 $15.63 $209K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit (RSU) — 157,358 shares (Direct); Common Stock — 254,955 shares (Direct); Common Stock — 12,000 shares (Indirect, UTMAs for Children)
Footnotes (7)
  1. F1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
  2. F2. Does not represent a sale of shares. Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
  3. F3. Aggregates 6,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
  4. F4. The RSUs vested as to 8.33% of the total shares on May 25, 2024, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
  5. F5. Not applicable.
  6. F6. The RSUs vested as to 8.33% of the total shares on May 25, 2025, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
  7. F7. The RSUs vested as to 8.33% 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.
RSUs exercised 25,961 shares Total derivative exercises on 2026-05-25
Tax-withholding shares 13,373 shares Shares withheld to cover tax obligations
Tax-withholding price $15.63 per share Value used for tax-withholding disposition
Direct holdings post-transaction 254,955 shares Common stock held directly after Form 4 transactions
Indirect holdings (UTMAs) 12,000 shares Common stock held in UTMA accounts for children
Remaining RSUs 36,823 units RSUs outstanding after reported vesting and exercises
Exercise transactions 3 transactions Derivative exercises coded M in transaction summary
Tax-withholding transactions 1 transaction Disposition coded F for tax withholding
Restricted Stock Unit ("RSU") financial
"Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting..."
tax withholding obligations financial
"Represents the number of shares withheld by the Issuer to cover tax withholding obligations..."
UTMA accounts financial
"held in each of two UTMA accounts for children of the Reporting Person"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
vesting financial
"The RSUs vested as to 8.33% of the total shares on May 25..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
LaBenne Andrew
(Last)(First)(Middle)
C/O LENDINGCLUB CORPORATION
88 KEARNY ST., SUITE 600
(Street)
SAN FRANCISCO CALIFORNIA 94108
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LendingClub Corp [ LC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/25/2026M12,274A$0(1)254,641D
Common Stock05/25/2026M7,508A$0(1)262,149D
Common Stock05/25/2026M6,179A$0(1)268,328D
Common Stock05/25/2026F13,373(2)D$15.63254,955D
Common Stock12,000(3)IUTMAs for Children
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit (RSU)$0(1)05/25/2026M12,274 (4) (5)Common Stock12,274$036,823D
Restricted Stock Unit (RSU)$0(1)05/25/2026M7,508 (6) (5)Common Stock7,508$052,561D
Restricted Stock Unit (RSU)$0(1)05/25/2026M6,179 (7) (5)Common Stock6,179$067,974D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
2. Does not represent a sale of shares. Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
3. Aggregates 6,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
4. The RSUs vested as to 8.33% of the total shares on May 25, 2024, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
5. Not applicable.
6. The RSUs vested as to 8.33% of the total shares on May 25, 2025, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
7. The RSUs vested as to 8.33% 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.
/s/ Bhavit Sheth, attorney-in-fact05/27/2026
** Signature of Reporting PersonDate
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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR