What was the tax withholding share price in the LendingClub (LC) Form 4?

The company withheld 5,480 LendingClub common shares at a price of $15.63 per share. This price is used solely for calculating the value of shares withheld to satisfy tax obligations on the RSU vesting event.

LendingClub (LC) general counsel exercises RSUs as shares withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LendingClub Corp General Counsel & Secretary Jordan Cheng reported routine equity compensation activity. On May 25, 2026, Cheng exercised restricted stock units that delivered 12,115 shares of common stock. The company withheld 5,480 shares at $15.63 per share to cover tax obligations, which was not an open-market sale.

After these transactions, Cheng directly holds 118,167 shares of common stock and 17,184 RSUs that continue to vest quarterly in 8.33% increments, subject to continued service.

Insider Trade Summary

12,115 shares exercised/converted

Mixed 7 txns

Insider Cheng Jordan

Role General Counsel & Secretary

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit (RSU)	5,728	$0.00	--
Exercise	Restricted Stock Unit (RSU)	3,504	$0.00	--
Exercise	Restricted Stock Unit (RSU)	2,883	$0.00	--
Exercise	Common Stock	5,728	$0.00	--
Exercise	Common Stock	3,504	$0.00	--
Exercise	Common Stock	2,883	$0.00	--
Tax Withholding	Common Stock	5,480	$15.63	$86K

Holdings After Transaction: Restricted Stock Unit (RSU) — 17,184 shares (Direct, null); Common Stock — 118,167 shares (Direct, null)

Footnotes (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. 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. 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. Not applicable. 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. 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.

Key Figures

RSU shares exercised: 12,115 shares Shares withheld for taxes: 5,480 shares Tax withholding price: $15.63 per share +5 more

8 metrics

RSU shares exercised 12,115 shares Common stock from RSU exercises on May 25, 2026

Shares withheld for taxes 5,480 shares Withheld to cover tax obligations at $15.63 per share

Tax withholding price $15.63 per share Value used for tax-withholding share calculation

Direct common shares held 118,167 shares Common stock directly owned after transactions

RSUs remaining 17,184 RSUs Restricted stock units outstanding after vesting and exercises

Quarterly vesting rate 8.33% per quarter RSU awards vest 8.33% quarterly after initial vest date

Exercise transactions 3 exercises, 12,115 shares Derivative exercise/conversion events coded as M

Tax-withholding events 1 event, 5,480 shares Disposition coded F for tax withholding

Key Terms

Restricted Stock Unit ("RSU"), tax withholding obligations, derivative security, vesting, +2 more

6 terms

Restricted Stock Unit ("RSU") financial

"Each restricted stock unit ("RSU") represents the contingent right to receive..."

tax withholding obligations financial

"Represents the number of shares withheld by the Issuer to cover tax withholding obligations..."

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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.

non-derivative financial

"transaction_type": "non-derivative""

exercise or conversion financial

"transaction_code_description": "Exercise or conversion of derivative security""

Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 06:51 PM

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^*

Cheng Jordan

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Counsel & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/25/2026		M		5,728	A	$0⁽¹⁾	118,167	D
Common Stock	05/25/2026		M		3,504	A	$0⁽¹⁾	121,671	D
Common Stock	05/25/2026		M		2,883	A	$0⁽¹⁾	124,554	D
Common Stock	05/25/2026		F		5,480⁽²⁾	D	$15.63	119,074	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit (RSU)	$0⁽¹⁾	05/25/2026		M			5,728	⁽³⁾	⁽⁴⁾	Common Stock	5,728	$0	17,184	D
Restricted Stock Unit (RSU)	$0⁽¹⁾	05/25/2026		M			3,504	⁽⁵⁾	⁽⁴⁾	Common Stock	3,504	$0	24,529	D
Restricted Stock Unit (RSU)	$0⁽¹⁾	05/25/2026		M			2,883	⁽⁶⁾	⁽⁴⁾	Common Stock	2,883	$0	31,722	D

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. 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.

4. Not applicable.

5. 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.

6. 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-fact	05/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LendingClub (LC) report for Jordan Cheng?

LendingClub reported that General Counsel Jordan Cheng exercised RSUs into 12,115 common shares. The company simultaneously withheld 5,480 shares to satisfy tax obligations tied to vesting, a non-market transaction rather than an open-market sale.

Did Jordan Cheng sell LendingClub (LC) shares in this Form 4 filing?

No, the filing states the disposition does not represent a sale. Instead, 5,480 shares were withheld by LendingClub to cover tax withholding obligations arising from RSU vesting, a standard mechanism for equity compensation.

How many LendingClub (LC) shares does Jordan Cheng hold after the transactions?

Following the RSU exercises and tax withholding, Cheng directly holds 118,167 shares of LendingClub common stock. These holdings reflect equity accumulated through compensation programs rather than recent open-market purchases.

What RSU position does Jordan Cheng retain at LendingClub (LC)?

After the reported vesting and exercises, Cheng retains 17,184 restricted stock units. Each RSU represents the contingent right to receive one LendingClub common share upon future vesting, subject to continued service with the company.

How do Jordan Cheng’s LendingClub (LC) RSUs vest over time?

The RSUs vest in quarterly installments of 8.33% of the total award. Footnotes explain separate RSU grants began vesting on May 25 in 2024, 2025, and 2026, each continuing to vest quarterly while Cheng remains in service.