LendingClub (LC) CEO Scott Sanborn awarded 79,450 RSUs with staged vesting

Rhea-AI Filing Summary

LendingClub Corp reported that CEO and director Scott Sanborn acquired a grant of 79,450 restricted stock units (RSUs) on March 5, 2026. Each RSU represents the right to receive one share of LendingClub common stock when it vests.

The RSUs were granted under LendingClub's 2014 Equity Incentive Plan. They vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% vesting quarterly thereafter, as long as Sanborn continues to provide service through each vesting date.

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

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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

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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

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
Restricted Stock Unit (RSU)	$0(1)	03/05/2026		A		79,450		(2)	(3)	Common Stock	79,450	$0	79,450	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

2. Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs will vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

3. Not applicable.

	/s/ Bhavit Sheth, attorney-in-fact	03/09/2026
	** 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).
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FAQ

What insider transaction did LendingClub (LC) report for CEO Scott Sanborn?

LendingClub reported that CEO Scott Sanborn received a grant of 79,450 restricted stock units. These RSUs give him the right to receive an equal number of LendingClub common shares as they vest over time, subject to continued service.

How many RSUs did LendingClub (LC) grant to its CEO in this Form 4?

LendingClub granted CEO Scott Sanborn 79,450 restricted stock units. Each unit converts into one share of common stock upon vesting, aligning his compensation with shareholder interests over a multi-year vesting schedule tied to continued service.

What is the vesting schedule for Scott Sanborn’s RSUs at LendingClub (LC)?

The RSUs vest 8.33% on May 25, 2026, with an additional 8.33% vesting quarterly thereafter. Vesting continues only if Scott Sanborn remains in service through each vesting date, spreading the award over multiple periods.

Does the LendingClub (LC) CEO pay anything for the RSU grant reported?

No cash price is shown for the RSU grant; the transaction price per unit is listed as 0.0000. The award is part of equity compensation, delivering shares over time as vesting conditions based on continued service are satisfied.

Under which plan were the RSUs to LendingClub (LC) CEO granted?

The RSUs to CEO Scott Sanborn were granted under LendingClub’s 2014 Equity Incentive Plan. This plan allows the company to issue equity-based awards like RSUs to align management incentives with long-term company performance and shareholder value.