LendingClub (LC) grants 13,715 RSUs to board director Cutler

Rhea-AI Filing Summary

Cutler Stephen M reported acquisition or exercise transactions in this Form 4 filing.

LendingClub Corp director Stephen M. Cutler received an equity grant of 13,715 Restricted Stock Units (RSUs). The award is the company’s annual non-employee director grant under the 2014 Equity Incentive Plan. Each RSU represents the right to receive one share of common stock upon vesting. The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, as long as Cutler continues to serve on the board. Following the filing, he also directly holds 95,462 shares of LendingClub common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Cutler Stephen M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13,715	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,715 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 13,715 RSUs Grant price: $0.0000 per RSU Common shares held: 95,462 shares +1 more

4 metrics

RSUs granted 13,715 RSUs Annual non-employee director equity award

Grant price $0.0000 per RSU Equity compensation, not open-market purchase

Common shares held 95,462 shares Direct holdings following reported transactions

Vesting schedule Quarterly over one year Beginning on June 2, 2026 for RSU grant

Key Terms

Restricted Stock Units ("RSUs"), 2014 Equity Incentive Plan, contingent right, vesting

4 terms

Restricted Stock Units ("RSUs") financial

"Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs")"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2014 Equity Incentive Plan financial

"made under the LendingClub Corporation 2014 Equity Incentive Plan"

contingent right financial

"Each RSU represents the contingent right to receive, upon vesting of the RSU, one share"

vesting financial

"The RSUs will vest quarterly over a one-year period beginning on June 2, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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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^*

Cutler Stephen M

(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
	Officer (give title below)		Other (specify below)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/02/2026		A		13,715(1)	A	$0	13,715	D
Common Stock								95,462	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, subject to continued service through each vesting date.

	/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)

FAQ

What did LendingClub (LC) director Stephen Cutler receive in this Form 4?

Stephen M. Cutler received 13,715 Restricted Stock Units (RSUs) as an annual non-employee director equity award. Each RSU can convert into one LendingClub common share when it vests, providing additional stock-based compensation tied to continued board service.

How do Stephen Cutler’s new LendingClub RSUs vest?

The 13,715 RSUs granted to Stephen Cutler vest quarterly over one year starting June 2, 2026. Each quarter, a portion of the RSUs vests, assuming he continues serving as a director through each vesting date, gradually delivering common shares.

What does each RSU granted to Stephen Cutler represent for LendingClub (LC)?

Each RSU granted to Stephen Cutler represents a contingent right to receive one share of LendingClub common stock upon vesting. This means he does not receive the shares immediately, only as RSUs vest over the one-year quarterly schedule.

How many LendingClub shares does Stephen Cutler hold after this Form 4?

After the reported transactions, Stephen Cutler directly holds 95,462 shares of LendingClub common stock. In addition, he has 13,715 RSUs outstanding, which may convert into the same number of shares as they vest over the specified one-year period.

Is Stephen Cutler’s RSU award a cash purchase of LendingClub stock?

No, Stephen Cutler’s 13,715 RSUs were granted at a price of $0.0000 per unit as equity compensation. They are not an open-market stock purchase, but a stock-based award that converts into common shares only when vesting conditions are met.