Was the LendingClub (LC) CFO’s share sale under a Rule 10b5-1 plan?

Yes, the CFO’s sale was made under a Rule 10b5-1 trading plan. The plan is described as a tool to diversify his assets, and the maximum shares that can be sold under it represent 7.0% of his equity interest.

LendingClub (LC: LC) CFO sells 20,000 shares in 10b5-1 stock sale

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

LendingClub Corp Chief Financial Officer Andrew LaBenne reported an open-market sale of 20,000 shares of common stock on May 28, 2026 at a weighted-average price of $17.0032 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan intended to diversify his assets, and the plan allows sales of up to 7.0% of his equity interest in LendingClub, inclusive of this sale.

Following the transaction, LaBenne holds 234,955 shares of LendingClub common stock directly. In addition, 12,000 shares are held indirectly in two UTMA accounts for his children, with 6,000 shares in each account.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($340,064)

Net Sell 2 txns

Insider LaBenne Andrew

Role Chief Financial Officer

Sold 20,000 shs ($340K)

Type	Security	Shares	Price	Value
Sale	Common Stock	20,000	$17.0032	$340K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 234,955 shares (Direct, null); Common Stock — 12,000 shares (Indirect, UTMAs for Children)

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 7.0% of the Reporting Person's equity interest in the Issuer. This transaction was executed in multiple trades during the date at prices ranging from $17.00 to $17.02. 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. Aggregates 6,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.

Key Figures

Shares sold: 20,000 shares Sale price: $17.0032 per share Price range: $17.00–$17.02 per share +3 more

6 metrics

Shares sold 20,000 shares Open-market sale on May 28, 2026

Sale price $17.0032 per share Weighted-average price for 20,000-share sale

Price range $17.00–$17.02 per share Range of trade prices during sale

Direct holdings after sale 234,955 shares Common stock held directly by CFO post-transaction

Indirect UTMA holdings 12,000 shares 6,000 shares in each of two UTMA accounts

Plan sale limit 7.0% of equity interest Maximum shares that can be sold under 10b5-1 plan

Key Terms

Rule 10b5-1 trading plan, weighted-average price, UTMA accounts, equity interest

4 terms

Rule 10b5-1 trading plan financial

"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."

UTMA accounts financial

"held in each of two UTMA accounts for children of the Reporting Person."

equity interest financial

"represents 7.0% 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.

Form 4 Insider Transactions: What Each Field Means →

05/29/2026 - 07:27 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^*

LaBenne Andrew

(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)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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	05/28/2026		S⁽¹⁾		20,000	D	$17.0032⁽²⁾	234,955	D
Common Stock								12,000⁽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)
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 7.0% 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 $17.00 to $17.02. 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.

3. Aggregates 6,000 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	05/29/2026
	** 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) CFO Andrew LaBenne report in this Form 4?

Andrew LaBenne reported selling 20,000 LendingClub common shares in an open-market transaction. The sale occurred on May 28, 2026 at a weighted-average price of $17.0032 per share and was executed under a pre-arranged Rule 10b5-1 trading plan.

At what price did the LendingClub (LC) CFO sell his shares?

The 20,000 LendingClub shares were sold at a weighted-average price of $17.0032. The trades were executed in multiple transactions between $17.00 and $17.02 per share, with the weighted-average price disclosed as $17.0032.

How many LendingClub (LC) shares does the CFO hold after this sale?

After the sale, the CFO holds 234,955 LendingClub common shares directly. He also has indirect holdings of 12,000 shares through two UTMA accounts for his children, with 6,000 shares allocated to each account.

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

The trading plan permits sales of up to 7.0% of his equity interest. This 7.0% limit is stated as inclusive of the reported 20,000-share sale, defining the overall size of potential sales under the Rule 10b5-1 plan.

How are the LendingClub (LC) shares held for the CFO’s children structured?

The filing shows 12,000 LendingClub shares held in UTMA accounts for his children. These indirect holdings aggregate 6,000 shares in each of two UTMA accounts, reflecting custodial ownership for the benefit of the children.