LendingClub (LC) CEO Sanborn gains RSU shares as 149,140 withheld for taxes

Rhea-AI Filing Summary

LendingClub Corp CEO Scott Sanborn reported equity compensation activity involving the company’s common stock. On January 16, 2026, he acquired 278,520 shares of common stock at $0 per share, reflecting the vesting of performance-based restricted stock units after the compensation committee certified that performance goals were met under a 2023 award.

On the same date, 149,140 shares were withheld by LendingClub at a price of $20.36 per share to cover tax withholding obligations tied to this vesting, and this is explicitly stated as not being a market sale. After these transactions, Sanborn directly held 1,356,345 shares of LendingClub common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Sanborn Scott

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	278,520	$0.00	--
Tax Withholding	Common Stock	149,140	$20.36	$3.04M

Holdings After Transaction: Common Stock — 1,505,485 shares (Direct)

Footnotes (1)

1. Represents fully-vested shares of Common Stock of the Issuer acquired by the Reporting Person upon the certification by the Compensation Committee of the Issuer's Board of Directors of achievement of the performance criteria underlying an award of performance-based restricted stock units ("PBRSUs") granted to the Reporting Person on March 12, 2023, under the Issuer's 2014 Equity Incentive Plan. 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 PBRSUs.

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Form 4 Insider Transactions: What Each Field Means →

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).

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)
01/16/2026

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	01/16/2026		A		278,520(1)	A	$0	1,505,485	D
Common Stock	01/16/2026		F		149,140(2)	D	$20.36	1,356,345	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. Represents fully-vested shares of Common Stock of the Issuer acquired by the Reporting Person upon the certification by the Compensation Committee of the Issuer's Board of Directors of achievement of the performance criteria underlying an award of performance-based restricted stock units ("PBRSUs") granted to the Reporting Person on March 12, 2023, under the Issuer's 2014 Equity Incentive Plan.

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 PBRSUs.

	/s/ Bhavit Sheth, attorney-in-fact	01/21/2026
	** 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.

FAQ

What insider activity did LendingClub (LC) report for CEO Scott Sanborn?

The filing shows that on January 16, 2026, CEO Scott Sanborn acquired 278,520 shares of LendingClub common stock at $0 upon vesting of performance-based restricted stock units, and had 149,140 shares withheld to cover tax obligations.

Was the 149,140-share transaction in LendingClub (LC) stock a sale by the CEO?

No. The filing states that the 149,140 shares do not represent a sale, but instead were shares withheld by LendingClub to satisfy tax withholding obligations related to the vesting of performance-based restricted stock units.

How many LendingClub (LC) shares does CEO Scott Sanborn own after these Form 4 transactions?

Following the reported transactions on January 16, 2026, CEO Scott Sanborn directly owned 1,356,345 shares of LendingClub common stock.

What triggered the share acquisition for the LendingClub (LC) CEO reported in this Form 4?

The 278,520 shares were acquired when performance-based restricted stock units granted on March 12, 2023 became fully vested after the compensation committee certified that the underlying performance criteria had been achieved under the 2014 Equity Incentive Plan.

What do the transaction codes A and F mean in the LendingClub (LC) Form 4?

Code A indicates an acquisition of shares, here from the vesting of performance-based restricted stock units. Code F indicates shares withheld to pay taxes in connection with that vesting, which the filing notes does not represent a sale.

Is the reported LendingClub (LC) insider activity direct or indirect ownership?

The Form 4 states that the reported common stock transactions and resulting 1,356,345 shares are held under direct ownership by CEO Scott Sanborn.