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LendingClub (NYSE: LC) CFO logs PBRSU vesting and tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

LendingClub Corporation’s Chief Financial Officer Andrew LaBenne reported equity compensation activity on common stock. On January 16, 2026, he acquired 70,897 shares of common stock at $0 per share, representing fully vested shares from performance-based restricted stock units granted on March 12, 2023 under the 2014 Equity Incentive Plan.

On the same date, 36,968 shares were withheld by LendingClub at a price of $20.36 per share to satisfy tax withholding obligations related to that vesting; this is explicitly described as not being a sale of shares. After these transactions, LaBenne directly beneficially owned 230,521 shares and indirectly beneficially owned 10,000 shares held in two UTMA accounts for his children.

Positive

  • None.

Negative

  • None.
Insider LaBenne Andrew
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Common Stock 70,897 $0.00 --
Tax Withholding Common Stock 36,968 $20.36 $753K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 267,489 shares (Direct); Common Stock — 10,000 shares (Indirect, UTMAs for Children)
Footnotes (1)
  1. Represents fully-vested shares of Common Stock of the Issuer acquired by the Reporting Person upon the certification by the Compensation Committee of the Issuer's Board of Directors of achievement of the performance criteria underlying an award of performance-based restricted stock units ("PBRSUs") granted to the Reporting Person on March 12, 2023, under the Issuer's 2014 Equity Incentive Plan. 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 PBRSUs. Aggregates 5,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
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Form 4 Insider Transactions: What Each Field Means →
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*
LaBenne Andrew
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026
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 01/16/2026 A 70,897(1) A $0 267,489 D
Common Stock 01/16/2026 F 36,968(2) D $20.36 230,521 D
Common Stock 10,000(3) I UTMAs for Children
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. Represents fully-vested shares of Common Stock of the Issuer acquired by the Reporting Person upon the certification by the Compensation Committee of the Issuer's Board of Directors of achievement of the performance criteria underlying an award of performance-based restricted stock units ("PBRSUs") granted to the Reporting Person on March 12, 2023, under the Issuer's 2014 Equity Incentive Plan.
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 PBRSUs.
3. Aggregates 5,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
/s/ Bhavit Sheth, attorney-in-fact 01/21/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did LendingClub (LC) report for its CFO?

LendingClub’s Chief Financial Officer, Andrew LaBenne, reported the vesting of performance-based restricted stock units into 70,897 shares of common stock, along with share withholding for taxes, as of January 16, 2026.

Did the LendingClub (LC) CFO sell any shares in this Form 4?

The filing states that the 36,968 shares shown with code “F” do not represent a sale. They were withheld by LendingClub solely to cover tax withholding obligations related to the PBRSU vesting.

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

After the reported transactions, Andrew LaBenne beneficially owns 230,521 shares of LendingClub common stock directly and 10,000 shares indirectly through UTMA accounts for his children.

What triggered the 70,897-share award to the LendingClub (LC) CFO?

The 70,897 fully vested shares were received upon the Compensation Committee’s certification that performance criteria were achieved for a PBRSU award granted on March 12, 2023 under the 2014 Equity Incentive Plan.

What does transaction code “F” mean in this LendingClub (LC) Form 4?

In this filing, transaction code “F” indicates shares that were withheld by the issuer to cover tax withholding obligations tied to the vesting of performance-based restricted stock units.

How are the LendingClub (LC) CFO’s indirect shares held?

The CFO indirectly beneficially owns 10,000 shares of LendingClub common stock, which aggregate 5,000 shares in each of two UTMA accounts for his children.