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RSU vesting lifts LendingClub (NYSE: LC) SVP Stack’s holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LendingClub Corp SVP and Corporate Controller Fergal Stack reported RSU vesting and related share withholding. On February 25, 2026, he acquired a total of 10,671 shares of common stock at $0.00 per share through the exercise and conversion of restricted stock units. A portion of the vesting was used to satisfy tax obligations, with 4,807 shares of common stock withheld at a price of $15.02 per share, which the filing states does not represent a sale. Following these transactions, Stack directly owned 261,064 shares of LendingClub common stock and continued to hold unvested RSUs that vest in quarterly installments, subject to continued service.

Positive

  • None.

Negative

  • None.
Insider Stack Fergal
Role SVP, Corporate Controller
Type Security Shares Price Value
Exercise Restricted Stock Unit (RSU) 5,646 $0.00 --
Exercise Restricted Stock Unit (RSU) 3,118 $0.00 --
Exercise Restricted Stock Unit (RSU) 1,907 $0.00 --
Exercise Common Stock 5,646 $0.00 --
Exercise Common Stock 3,118 $0.00 --
Exercise Common Stock 1,907 $0.00 --
Tax Withholding Common Stock 4,807 $15.02 $72K
Holdings After Transaction: Restricted Stock Unit (RSU) — 0 shares (Direct); Common Stock — 260,846 shares (Direct)
Footnotes (1)
  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. 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. 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. Not applicable. 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. 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.
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*
Stack Fergal
(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)
SVP, Corporate Controller
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026
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
Common Stock 02/25/2026 M 5,646 A $0(1) 260,846 D
Common Stock 02/25/2026 M 3,118 A $0(1) 263,964 D
Common Stock 02/25/2026 M 1,907 A $0(1) 265,871 D
Common Stock 02/25/2026 F 4,807(2) D $15.02 261,064 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
Restricted Stock Unit (RSU) $0(1) 02/25/2026 M 5,646 (3) (4) Common Stock 5,646 $0 0 D
Restricted Stock Unit (RSU) $0(1) 02/25/2026 M 3,118 (5) (4) Common Stock 3,118 $0 12,469 D
Restricted Stock Unit (RSU) $0(1) 02/25/2026 M 1,907 (6) (4) Common Stock 1,907 $0 15,256 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. 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.
4. Not applicable.
5. 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.
6. 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 02/27/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did LendingClub (LC) executive Fergal Stack report on this Form 4?

Fergal Stack reported RSU vesting that converted into 10,671 shares of LendingClub common stock and a related tax-withholding share disposition. These transactions reflect equity compensation mechanics rather than open-market share purchases or sales.

Did Fergal Stack buy or sell LendingClub (LC) shares in the market?

He did not report any open-market buys or sells. Shares were acquired through RSU vesting and derivative conversion, and 4,807 shares were withheld by the company to cover tax obligations, which the filing clarifies does not represent a sale.

How many LendingClub (LC) shares does Fergal Stack own after these transactions?

After the reported RSU conversions and tax withholding, Fergal Stack directly owned 261,064 shares of LendingClub common stock. He also continued to hold unvested RSUs that are scheduled to vest in equal quarterly installments, subject to ongoing service.

What price is associated with the tax-withholding shares for LendingClub (LC)?

The shares withheld to cover tax obligations were valued at $15.02 per share. In total, 4,807 shares were retained by the issuer for this purpose, and the filing explicitly notes this withholding does not constitute a market sale of shares.

How do Fergal Stack’s LendingClub (LC) RSUs vest over time?

The RSUs vest as to 8.33% of the total shares on specified initial vesting dates, with an additional 8.33% vesting quarterly thereafter. Each tranche remains subject to Stack’s continued service with LendingClub through the relevant vesting dates.

What type of transactions are coded as "M" and "F" in this LendingClub (LC) Form 4?

Code "M" reflects the exercise or conversion of derivative securities, here RSUs into common stock. Code "F" represents shares withheld by the issuer to pay exercise price or tax liabilities, which in this case covered tax obligations from RSU vesting.