LendingClub SVP exercises RSUs, withholds shares for tax

LendingClub Corp senior vice president and corporate controller Fergal Stack reported routine equity compensation activity involving restricted stock units.

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.

Insider Trade Summary

6,593 shares exercised/converted

Exercise 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 contracts (Direct); Common Stock — 264,977 shares (Direct)

Footnotes (6)

1. 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.
2. 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.
3. 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.
4. F4. Not applicable.
5. 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.
6. 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.

FAQ

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

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.

How many LendingClub (LC) shares does Fergal Stack hold after these transactions?

After the reported RSU vesting and tax withholding, Fergal Stack directly holds 264,181 shares of LendingClub common stock, according to the Form 4, along with an additional 9,352 restricted stock units that remain unconverted and outstanding.

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.

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

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Accepted by SEC EDGAR 05/27/2026 - 07:22 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).

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^*

Stack Fergal

(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)
	SVP, Corporate Controller

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/25/2026		M		3,117	A	$0(1)	264,181	D
Common Stock	05/25/2026		M		1,907	A	$0(1)	266,088	D
Common Stock	05/25/2026		M		1,569	A	$0(1)	267,657	D
Common Stock	05/25/2026		F		2,680(2)	D	$15.63	264,977	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)	05/25/2026		M			3,117	(3)	(4)	Common Stock	3,117	$0	9,352	D
Restricted Stock Unit (RSU)	$0(1)	05/25/2026		M			1,907	(5)	(4)	Common Stock	1,907	$0	13,349	D
Restricted Stock Unit (RSU)	$0(1)	05/25/2026		M			1,569	(6)	(4)	Common Stock	1,569	$0	17,264	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)