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

Yes, the sale was made under a Rule 10b5-1 trading plan. The footnotes explain the plan was established to diversify Scott Sanborn’s assets and governs the maximum number of shares that can be sold.

LendingClub (LC) CEO Sanborn sells 23,851 shares in Rule 10b5-1 trade

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

Scott Sanborn reported selling 23,851 LendingClub shares. The open-market sale occurred on June 2, 2026 at a weighted-average price of $17.8587 per share, executed in multiple trades between $17.35 and $18.18.

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

LendingClub Corp CEO Scott Sanborn reported an open-market sale of 23,851 shares of Common Stock on June 2, 2026. The shares were sold at a weighted-average price of $17.8587 per share, in multiple trades between $17.35 and $18.18.

This transaction was carried out under a pre-arranged Rule 10b5-1 trading plan designed to diversify his holdings. After the sale, Sanborn directly owns 1,594,712 shares of LendingClub common stock. The company previously disclosed that the maximum shares that can be sold under the plan, including this sale, represent 9.4% of his equity interest in LendingClub.

Insider Trade Summary 10b5-1

Net Seller: 23,851 shares ($425,948)

Net Sell 1 txn

Insider Sanborn Scott

Role CEO

Sold 23,851 shs ($426K)

Type	Security	Shares	Price	Value
Sale	Common Stock	23,851	$17.8587	$426K

Holdings After Transaction: Common Stock — 1,594,712 shares (Direct, null)

Footnotes (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. This transaction was executed in multiple trades during the date at prices ranging from $17.35 to $18.18. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.

Key Figures

Shares sold: 23,851 shares Weighted-average sale price: $17.8587 per share Post-transaction holdings: 1,594,712 shares +2 more

5 metrics

Shares sold 23,851 shares Open-market sale of common stock on June 2, 2026

Weighted-average sale price $17.8587 per share Common stock sale on June 2, 2026

Post-transaction holdings 1,594,712 shares Direct ownership after reported sale

Trade price range $17.35–$18.18 per share Multiple trades executed on June 2, 2026

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, weighted-average price, equity interest, open-market sale

4 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.

weighted-average price financial

"The weighted-average price is reported above"

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.

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.

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Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 05:17 PM

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^*

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)
06/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/02/2026		S⁽¹⁾		23,851	D	$17.8587⁽²⁾	1,594,712	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

2. This transaction was executed in multiple trades during the date at prices ranging from $17.35 to $18.18. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.

	/s/ Bhavit Sheth, attorney-in-fact	06/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Scott Sanborn reported selling 23,851 LendingClub shares. The open-market sale occurred on June 2, 2026 at a weighted-average price of $17.8587 per share, executed in multiple trades between $17.35 and $18.18.

At what price did LendingClub (LC) CEO Scott Sanborn sell his shares?

The reported weighted-average sale price was $17.8587 per share. The Form 4 notes the trades were executed in multiple transactions on June 2, 2026, with prices ranging from $17.35 to $18.18 per share.

How many LendingClub (LC) shares does CEO Scott Sanborn hold after this sale?

After the reported sale, Scott Sanborn holds 1,594,712 shares. The Form 4 states this is his direct ownership of LendingClub common stock following the 23,851-share open-market sale on June 2, 2026.

What portion of Scott Sanborn’s LendingClub (LC) equity can be sold under his plan?

The maximum shares sold under the plan represent 9.4% of his equity interest. The Form 4 footnote cites LendingClub’s Form 10-Q, noting this percentage includes the shares reported in this transaction.

How were the LendingClub (LC) CEO’s trades executed on June 2, 2026?

The trades were executed in multiple transactions within a price range. According to the Form 4, sales occurred between $17.35 and $18.18 per share, with the weighted-average price reported as $17.8587.