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LendingClub (LC) General Counsel Jordan Cheng sells 5,500 shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

LendingClub Corp General Counsel & Secretary Jordan Cheng sold shares of company stock in a planned transaction. On this date, Cheng completed an open-market sale of 5,500 shares of Common Stock at a price of $17.46 per share. After the sale, Cheng directly held 108,074 shares. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance rather than timed discretionarily.

Positive

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Negative

  • None.
Insider Cheng Jordan
Role General Counsel & Secretary
Sold 5,500 shs ($96K)
Type Security Shares Price Value
Sale Common Stock 5,500 $17.46 $96K
Holdings After Transaction: Common Stock — 108,074 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 5,500 shares Open-market sale of Common Stock
Sale price $17.46 per share Price for the 5,500 shares sold
Shares held after sale 108,074 shares Direct ownership after transaction
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel & Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026S(1)5,500D$17.46108,074D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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-fact06/11/2026
** Signature of Reporting PersonDate
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 transaction did LendingClub (LC) report for Jordan Cheng?

LendingClub reported that General Counsel & Secretary Jordan Cheng executed an open-market sale of 5,500 shares of Common Stock. The transaction reflects a routine insider trade rather than a grant or option exercise, and was disclosed in a Form 4 filing.

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

Jordan Cheng sold 5,500 LendingClub Common Stock shares at $17.46 per share. This was an open-market sale, meaning the shares were sold on the public market at prevailing prices, as reflected in the Form 4 disclosure.

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

Following the reported transaction, Jordan Cheng directly holds 108,074 shares of LendingClub Common Stock. This figure comes from the Form 4’s post-transaction ownership column and shows Cheng retains a substantial ongoing equity stake in the company.

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

Yes. A footnote explains the transaction was effected pursuant to a Rule 10b5-1 trading plan. Such plans pre-schedule trades in advance, reducing the significance of the exact timing of this sale as an indicator of insider sentiment.

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

Jordan Cheng serves as LendingClub’s General Counsel & Secretary, making him a senior legal and corporate officer. As an executive officer, his trades in company stock must be reported to the SEC on Form 4, providing transparency into his equity transactions.