LendingClub (LC) CEO discloses RSU conversions and 1.23M shares owned

Rhea-AI Filing Summary

LendingClub Corporation’s CEO and director reported routine equity award activity. On 11/25/2025, previously granted restricted stock units (RSUs) converted into common stock in three tranches of 14,944, 13,151, and 8,045 shares at an exercise price of $0 per share, reflecting normal vesting of stock-based compensation. Following these conversions, the reporting person directly owned 1,246,210 shares of common stock.

The filing also shows 19,245 shares of common stock withheld at a price of $16.8 per share to cover tax withholding obligations tied to the RSU vesting, which the footnotes clarify does not represent a market sale. After these transactions, the reporting person directly held 1,226,965 shares of LendingClub common stock.

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

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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)
11/25/2025

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	11/25/2025		M		14,944	A	$0(1)	1,225,014	D
Common Stock	11/25/2025		M		13,151	A	$0(1)	1,238,165	D
Common Stock	11/25/2025		M		8,045	A	$0(1)	1,246,210	D
Common Stock	11/25/2025		F		19,245(2)	D	$16.8	1,226,965	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
Restricted Stock Unit (RSU)	$0(1)	11/25/2025		M			14,944	(3)	(4)	Common Stock	14,944	$0	14,945	D
Restricted Stock Unit (RSU)	$0(1)	11/25/2025		M			13,151	(5)	(4)	Common Stock	13,151	$0	65,754	D
Restricted Stock Unit (RSU)	$0(1)	11/25/2025		M			8,045	(6)	(4)	Common Stock	8,045	$0	72,405	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, 2023, 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, 2024, 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, 2025, 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	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did LendingClub Corp (LC) report on this Form 4?

The CEO and director of LendingClub Corp reported the vesting and conversion of three tranches of restricted stock units into 14,944, 13,151, and 8,045 shares of common stock on 11/25/2025.

Did the LendingClub (LC) CEO sell shares in the open market?

The filing states that 19,245 shares were withheld by LendingClub at $16.8 per share to cover tax withholding obligations related to RSU vesting, and clarifies this does not represent a sale of shares in the market.

How many LendingClub (LC) shares does the reporting person own after these transactions?

After the RSU conversions and tax share withholding, the reporting person directly owns 1,226,965 shares of LendingClub common stock.

What are the terms of the LendingClub (LC) RSU vesting for these grants?

The RSUs described vested as to 8.33% of the total shares on specified dates in 2023, 2024, and 2025, with an additional 8.33% vesting quarterly thereafter, in each case subject to continued service through the vesting dates.

What roles does the reporting person hold at LendingClub Corp (LC)?

The reporting person is listed as both a director and an officer, serving as CEO of LendingClub Corp.

What types of securities are involved in this LendingClub (LC) insider filing?

The filing involves restricted stock units (RSUs) that convert into common stock at an exercise price of $0 per share, and the underlying common stock received upon vesting.