LendingClub CEO sells 4,899 shares at $18

LendingClub Corp CEO Scott Sanborn sold 4,899 shares of common stock in an open-market transaction at $18.00 per share.

Accepted by SEC EDGAR 06/11/2026 - 06:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

LendingClub Corp CEO Scott Sanborn sold 4,899 shares of common stock in an open-market transaction at $18.00 per share. After the sale, he directly holds 1,589,813 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan designed to diversify his assets, with the plan allowing sales of up to 9.4% of his equity interest in the company, including this trade.

Insider Trade Summary 10b5-1

Net Seller: 4,899 shares

Net Sell 1 txn

Insider Sanborn Scott

Role CEO

Sold 4,899 shs ($88K)

Share of Position Sold 0.31%

Type	Security	Shares	Price	Value
Sale	Common Stock	4,899	$18.00	$88K

Holdings After Transaction: Common Stock — 1,589,813 shares (Direct)

Holdings Before and After: Common Stock, 1,594,712 to 1,589,813 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending March 31, 2026 the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 9.4% of the Reporting Person's equity interest in the Issuer.

Key Figures

Shares sold: 4,899 shares Sale price: $18.00 per share Shares owned after sale: 1,589,813 shares +1 more

4 metrics

Shares sold 4,899 shares Open-market sale of common stock

Sale price $18.00 per share Price for the 4,899 sold shares

Shares owned after sale 1,589,813 shares Direct ownership following transaction

Plan sale limit 9.4% of equity interest Maximum shares that can be sold under 10b5-1 plan

Key Terms

Rule 10b5-1 trading plan, open-market sale, equity interest

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.

equity interest financial

"represents 9.4% of the Reporting Person's equity interest in the Issuer"

An equity interest is an ownership stake in a company that gives the holder a share of its assets, profits and sometimes voting power—think of owning a slice of a pie that grows or shrinks with the business. Investors care because the size and type of that stake determine how much they benefit from future gains, bear losses, receive dividends, or influence decisions, and it directly affects the value and risk of their investment.

FAQ

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

What did LendingClub (LC) CEO Scott Sanborn report in this Form 4?

Scott Sanborn reported selling 4,899 LendingClub common shares at $18.00 each in an open-market trade. Following this transaction, he directly owns 1,589,813 shares, as disclosed in the insider filing with the SEC.

Was the LendingClub (LC) CEO stock sale part of a Rule 10b5-1 plan?

Yes. The sale was made under a Rule 10b5-1 trading plan established to diversify Scott Sanborn’s assets. Such plans pre-arrange trades, reducing the significance of trade timing as an indicator of the insider’s short-term market outlook.

How many LendingClub (LC) shares did the CEO sell and at what price?

Scott Sanborn sold 4,899 shares of LendingClub common stock at $18.00 per share. This transaction is categorized as an open-market sale of non-derivative securities, according to the details provided in the Form 4 filing.

How many LendingClub (LC) shares does the CEO own after this transaction?

After the reported sale, Scott Sanborn directly owns 1,589,813 shares of LendingClub common stock. This post-transaction holding figure is stated in the Form 4 and helps gauge the relative size of the disposal versus his remaining stake.

What portion of the CEO’s LendingClub (LC) equity can be sold under the 10b5-1 plan?

The Rule 10b5-1 plan allows sales of up to 9.4% of Scott Sanborn’s equity interest in LendingClub, including this transaction. This cap, disclosed in a footnote, defines the maximum cumulative shares that can be sold under the plan.

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

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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^*

Sanborn Scott

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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	06/09/2026		S(1)		4,899	D	$18	1,589,813	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 (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending March 31, 2026 the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 9.4% of the Reporting Person's equity interest in the Issuer.

	/s/ Bhavit Sheth, attorney-in-fact	06/11/2026
	** 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)