LendingClub (LC) CEO sells 30,000 shares at $19.29 via plan

LendingClub (LC) reported an insider transaction by its CEO and director.

Accepted by SEC EDGAR 10/24/2025 - 04:36 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

LendingClub (LC) reported an insider transaction by its CEO and director. On 10/23/2025, the reporting person sold 30,000 shares of common stock at $19.29 per share, recorded as a disposition under code S. Following the sale, the insider beneficially owned 1,210,070 shares, held directly.

The sale was executed pursuant to a Rule 10b5-1 trading plan designed to diversify the insider’s assets. As disclosed in the company’s Form 10-Q for the period ending June 30, 2025, the maximum number of shares that can be sold under the plan, inclusive of this transaction, represents 3.5% of the reporting person’s equity interest.

Insights

Insider Transactions Analyst

Pre-arranged Rule 10b5-1 sale; routine and neutral.

The CEO/director sold 30,000 shares at $19.29 on 10/23/2025, leaving 1,210,070 shares beneficially owned directly. The transaction code S indicates an open-market or private sale.

The filing states the sale occurred under a Rule 10b5-1 plan. It also notes that, as disclosed in the Q2 2025 10-Q, the plan’s maximum sales equal 3.5% of the insider’s equity interest, which limits total potential sales under the plan.

Given the pre-set nature of 10b5-1 plans and the modest size relative to the stated cap, this is typically viewed as administrative; actual impact depends on insider plan execution and market liquidity.

Insider Trade Summary

Net Seller: 30,000 shares

Net Sell 1 txn

Insider Sanborn Scott

Role CEO

Sold 30,000 shs ($579K)

Share of Position Sold 2.4%

Type	Security	Shares	Price	Value
Sale	Common Stock	30,000	$19.29	$579K

Holdings After Transaction: Common Stock — 1,210,070 shares (Direct)

Holdings Before and After: Common Stock, 1,240,070 to 1,210,070 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending June 30, 2025, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 3.5% of the Reporting Person's equity interest in the Issuer.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LendingClub (LC) report?

A CEO/director sold 30,000 shares of common stock on 10/23/2025.

At what price were the LC shares sold and under what code?

Shares were sold at $19.29 per share, reported under transaction code S.

How many LendingClub shares does the insider own after the sale?

The insider beneficially owns 1,210,070 shares, held directly.

Was the LC insider sale under a Rule 10b5-1 plan?

Yes. The filing states the sale was executed under a Rule 10b5-1 trading plan.

What limit applies to the 10b5-1 plan mentioned by LC?

Per the Q2 2025 10-Q, the plan’s maximum sales represent 3.5% of the insider’s equity interest.

What is the insider’s relationship to LendingClub?

The reporting person is both a CEO and a director of LendingClub.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED 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).

X

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^*

Sanborn Scott

(Last) (First) (Middle)

C/O LENDINGCLUB CORPORATION

595 MARKET ST. #200

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2025

4. 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 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/23/2025		S(1)		30,000	D	$19.29	1,210,070	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending June 30, 2025, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 3.5% of the Reporting Person's equity interest in the Issuer.

	/s/ Bhavit Sheth, attorney-in-fact	10/24/2025
	** 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 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.