LendingClub counsel sells 5,500 shares in plan trade

LendingClub Corp General Counsel and Secretary Jordan Cheng reported an open-market sale of company common stock.

Rhea-AI Filing Summary

LendingClub Corp General Counsel and Secretary Jordan Cheng reported an open-market sale of company common stock. On May 28, 2026, he sold 5,500 shares at $17.00 per share in a planned transaction under a Rule 10b5-1 trading plan.

After the sale, Cheng directly holds 113,574 shares of LendingClub common stock. Because the transaction was executed pursuant to a pre-arranged trading plan, its timing reflects ongoing portfolio management rather than a discretionary one-off trade.

Insights

Equity compensation and insider-trading specialist

Routine, pre-planned insider sale with substantial holdings retained.

General Counsel Jordan Cheng executed an open-market sale of 5,500 shares of LendingClub common stock at $17.00 per share. The trade is coded as an S transaction, indicating an ordinary sale of non-derivative shares.

A key detail is the footnote that this was done under a Rule 10b5-1 trading plan, meaning it was pre-scheduled rather than timed opportunistically. Cheng retains 113,574 shares after the sale, so this represents a relatively small portion of his visible position.

Because the sale is both pre-planned and modest relative to remaining holdings, it typically carries limited signaling value for investors compared with large, discretionary insider trades.

Insider Trade Summary 10b5-1

Net Seller: 5,500 shares

Net Sell 1 txn

Insider Cheng Jordan

Role General Counsel & Secretary

Sold 5,500 shs ($94K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,500	$17.00	$94K

Holdings After Transaction: Common Stock — 113,574 shares (Direct)

Footnotes (1)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan.

Key Figures

Shares sold: 5,500 shares Sale price: $17.00 per share Shares held after sale: 113,574 shares +2 more

5 metrics

Shares sold 5,500 shares Open-market sale on May 28, 2026

Sale price $17.00 per share Price for LendingClub common stock in this transaction

Shares held after sale 113,574 shares Direct ownership following the reported transaction

Net share change -5,500 shares Net sell direction across all reported transactions

Transaction count 1 transaction Single non-derivative open-market sale reported

Key Terms

Rule 10b5-1 trading plan, open-market sale, Common Stock

3 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

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

LendingClub reported that General Counsel Jordan Cheng sold 5,500 shares of common stock. The sale occurred on May 28, 2026, as an open-market transaction under a Rule 10b5-1 trading plan, indicating it was pre-arranged rather than a discretionary trade.

At what price did Jordan Cheng sell LendingClub (LC) shares?

Jordan Cheng sold his LendingClub common stock at $17.00 per share. This price applied to 5,500 shares in an open-market sale on May 28, 2026, executed pursuant to a pre-established Rule 10b5-1 trading plan disclosed in the Form 4 filing.

How many LendingClub (LC) shares does Jordan Cheng hold after this sale?

After the reported transaction, Jordan Cheng directly owns 113,574 shares of LendingClub common stock. This post-transaction holding figure comes from the Form 4 and shows he retained a substantial stake following the 5,500-share open-market sale under his trading plan.

Was the LendingClub (LC) insider sale by Jordan Cheng under a Rule 10b5-1 plan?

Yes. A footnote states the sale was effected under a Rule 10b5-1 trading plan. Such plans pre-schedule trades, reducing the significance of timing and indicating the transaction is part of routine portfolio or liquidity management rather than a sudden decision.

What role does Jordan Cheng hold at LendingClub (LC)?

Jordan Cheng serves as General Counsel and Secretary at LendingClub. His Form 4 identifies him as an officer of the company, and the reported transaction reflects his personal direct ownership in LendingClub common stock after the open-market sale disclosed in the filing.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/29/2026 - 07:25 PM Learn about SEC filing dates

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^*

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)
05/28/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/28/2026		S(1)		5,500	D	$17	113,574	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.

	/s/ Bhavit Sheth, attorney-in-fact	05/29/2026
	** 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)