LendingClub (NYSE: LC) CFO discloses RSU vesting and tax share withholding

Rhea-AI Filing Summary

LendingClub Corp’s Chief Financial Officer reported equity compensation activity in company stock. On 11/25/2025, several tranches of restricted stock units (RSUs) were converted into common shares, including 10,848, 12,274, and 7,508 shares at an exercise price of $0 per RSU, reflecting stock-based compensation vesting.

To cover tax withholding obligations related to these RSU vestings, 15,788 common shares were withheld by the company at a price of $16.8 per share, which is described as not representing a sale. After these transactions, the CFO beneficially owned 196,592 common shares directly, with an additional 10,000 shares held indirectly in two UTMA accounts for the CFO’s children.

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^*

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)
11/25/2025

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	11/25/2025		M		10,848	A	$0(1)	192,598	D
Common Stock	11/25/2025		M		12,274	A	$0(1)	204,872	D
Common Stock	11/25/2025		M		7,508	A	$0(1)	212,380	D
Common Stock	11/25/2025		F		15,788(2)	D	$16.8	196,592	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
Restricted Stock Unit (RSU)	$0(1)	11/25/2025		M			10,848	(4)	(5)	Common Stock	10,848	$0	10,849	D
Restricted Stock Unit (RSU)	$0(1)	11/25/2025		M			12,274	(6)	(5)	Common Stock	12,274	$0	61,371	D
Restricted Stock Unit (RSU)	$0(1)	11/25/2025		M			7,508	(7)	(5)	Common Stock	7,508	$0	67,578	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. 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 RSUs.

3. Aggregates 5,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.

4. The RSUs vested as to 8.33% of the total shares on May 25, 2023, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

5. Not applicable.

6. The RSUs vested as to 8.33% of the total shares on May 25, 2024, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

7. The RSUs vested as to 8.33% of the total shares on May 25, 2025, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

	/s/ Bhavit Sheth, attorney-in-fact	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did LendingClub (LC) disclose in this Form 4?

The Chief Financial Officer of LendingClub Corp reported the vesting and conversion of several restricted stock unit (RSU) awards into common stock on 11/25/2025, along with related tax share withholding.

How many LendingClub (LC) shares vested from RSUs for the CFO?

On 11/25/2025, RSUs converted into common stock in three blocks of 10,848, 12,274, and 7,508 shares, each at an exercise price of $0 per RSU.

What was the tax withholding transaction reported by LendingClub’s CFO?

The filing states that 15,788 common shares were withheld by the issuer at $16.8 per share to satisfy tax withholding obligations arising from the RSU vesting, and that this does not represent a sale of shares.

How many LendingClub (LC) shares does the CFO own after the reported transactions?

Following the transactions on 11/25/2025, the CFO beneficially owned 196,592 shares of LendingClub common stock directly and 10,000 shares indirectly in UTMA accounts for children.

What are RSUs in the context of this LendingClub (LC) insider filing?

The filing explains that each restricted stock unit (RSU) represents the contingent right to receive, upon vesting, one share of LendingClub’s common stock, subject to continued service through each vesting date.

How do the LendingClub (LC) RSUs vest for the CFO?

The RSU grants described vest as to 8.33% of the total shares on specified initial dates (including May 25, 2023, May 25, 2024, or May 25, 2025), with an additional 8.33% vesting quarterly thereafter, subject to continued service.