LendingClub (LC) SVP Stack exercises RSUs, covers tax via share withholding
Rhea-AI Filing Summary
LendingClub Corp senior vice president and corporate controller Fergal Stack reported routine equity compensation activity involving restricted stock units. On May 25, 2026, RSUs converted into a total of 6,593 shares of common stock at a conversion price of $0.00 per share.
To cover tax withholding obligations from this vesting, 2,680 shares of common stock were withheld by the company at $15.63 per share, which the filing notes does not represent an open-market sale. Following these transactions, Stack holds 264,181 shares of common stock directly and 9,352 RSUs that remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,913 shares
Net Buy
7 txns
Insider
Stack Fergal
Role
SVP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 3,117 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 1,907 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 1,569 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,117 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,907 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,569 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,680 | $15.63 | $42K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 39,965 shares (Direct);
Common Stock — 264,977 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- F2. 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.
- F3. 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.
- F4. Not applicable.
- F5. 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.
- F6. 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
Tax withholding shares: 2,680 shares
Tax withholding price: $15.63 per share
RSU shares converted: 6,593 shares
+3 more
6 metrics
Tax withholding shares
2,680 shares
Common stock withheld to cover tax obligations at $15.63/share
Tax withholding price
$15.63 per share
Value used for 2,680 shares withheld for RSU tax obligations
RSU shares converted
6,593 shares
Common stock received from RSU vesting on May 25, 2026
Post-transaction common shares
264,181 shares
Direct LendingClub common stock holdings after transactions
Remaining RSUs
9,352 RSUs
Restricted stock units outstanding after the reported vesting events
Reporting date
May 25, 2026
Transaction date for RSU vesting and tax withholding
Key Terms
Restricted Stock Unit (RSU), tax withholding obligations, derivative security, vesting
4 terms
Restricted Stock Unit (RSU) financial
"Each restricted stock unit ("RSU") represents the contingent right to receive..."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
tax withholding obligations financial
"Represents the number of shares withheld by the Issuer to cover tax withholding obligations..."
derivative security financial
"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, 2026..."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did LendingClub (LC) report for Fergal Stack?
LendingClub reported that SVP and corporate controller Fergal Stack had restricted stock units vest into 6,593 shares of common stock, and 2,680 shares were withheld by the company to cover tax obligations related to that vesting.
Did the LendingClub (LC) insider Form 4 show any open-market stock sales?
No open-market sales were reported. The filing specifies that 2,680 shares were withheld by the company solely to satisfy tax withholding obligations from RSU vesting, and this withholding does not represent a discretionary sale of stock.
What was the tax withholding price in the LendingClub (LC) Form 4 filing?
The Form 4 shows that 2,680 shares of LendingClub common stock were withheld to cover taxes at a price of $15.63 per share, reflecting the value used by the company to meet Stack’s RSU-related tax obligations.
What are the key details of the RSU vesting for LendingClub (LC) insider Fergal Stack?
The filing explains that each RSU converts into one share of common stock upon vesting. On May 25, 2026, multiple RSU grants partially vested, converting into a combined 6,593 common shares while leaving 9,352 RSUs still outstanding for future vesting.