LendingClub CFO exercises RSUs, withholds shares for tax

LendingClub Corp Chief Financial Officer Andrew LaBenne reported multiple equity compensation transactions dated February 25, 2026.

Rhea-AI Filing Summary

LendingClub Corp Chief Financial Officer Andrew LaBenne reported multiple equity compensation transactions dated February 25, 2026. He exercised restricted stock units (RSUs) that converted into a total of 30,632 shares of common stock at no cash exercise price, reflecting scheduled vesting of prior awards.

To cover tax withholding obligations related to these RSU vestings, 15,786 shares of common stock were disposed of back to the issuer at $15.02 per share, which the filing notes does not represent an open market sale. Following these transactions, he directly owned 242,367 shares of common stock and 60,069 RSUs, plus 12,000 shares held indirectly in UTMA accounts for his children.

Insider Trade Summary

30,632 shares exercised/converted

Exercise 8 txns

Insider LaBenne Andrew

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit (RSU)	10,849	$0.00	$0.00
Exercise	Restricted Stock Unit (RSU)	12,274	$0.00	$0.00
Exercise	Restricted Stock Unit (RSU)	7,509	$0.00	$0.00
Exercise	Common Stock	10,849	$0.00	$0.00
Exercise	Common Stock	12,274	$0.00	$0.00
Exercise	Common Stock	7,509	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	15,786	$15.02	$237K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit (RSU) — 109,166 contracts (Direct); Common Stock — 242,367 shares (Direct); Common Stock — 12,000 shares (Indirect, UTMAs for Children)

Footnotes (7)

1. F1. 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. F2. 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. F3. Aggregates 6,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
4. F4. 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. F5. Not applicable.
6. F6. 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. F7. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did LendingClub (LC) report for CFO Andrew LaBenne?

The filing shows CFO Andrew LaBenne exercised previously granted RSUs into common stock and had shares withheld to satisfy tax obligations. These are routine equity compensation and tax-withholding transactions rather than open market stock purchases or sales.

How many LendingClub (LC) shares did the CFO receive from RSU vesting?

Andrew LaBenne received 30,632 shares of LendingClub common stock from RSU vesting at no cash exercise price. These shares reflect the scheduled conversion of previously granted restricted stock units into common stock as they vested over time.

How many LendingClub (LC) shares were withheld for the CFO’s taxes?

The filing reports 15,786 shares of LendingClub common stock were disposed of to cover tax withholding obligations at $15.02 per share. A footnote clarifies this does not represent a market sale, but shares withheld by the issuer for tax payment.

What is the CFO’s LendingClub (LC) share ownership after these transactions?

After the reported transactions, Andrew LaBenne directly held 242,367 shares of LendingClub common stock and 60,069 RSUs. He also had 12,000 additional shares held indirectly in two UTMA accounts for his children, as disclosed in the footnotes.

Are the reported LendingClub (LC) insider transactions open market buys or sells?

The transactions consist of RSU exercises and shares withheld for taxes, not open market trades. RSUs converted into common stock at no cash price, and shares were returned to the issuer solely to satisfy tax withholding obligations on the vesting.

What do the RSU vesting terms mean for LendingClub (LC) CFO compensation?

The RSUs vest in 8.33% quarterly installments starting on specified May 25 dates, contingent on continued service. As each portion vests, it converts into one share of common stock per RSU, forming a key component of the CFO’s long-term equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/27/2026 - 04:38 PM Learn about SEC filing dates

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

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)
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		10,849	A	$0(1)	238,370	D
Common Stock	02/25/2026		M		12,274	A	$0(1)	250,644	D
Common Stock	02/25/2026		M		7,509	A	$0(1)	258,153	D
Common Stock	02/25/2026		F		15,786(2)	D	$15.02	242,367	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit (RSU)	$0(1)	02/25/2026		M			10,849	(4)	(5)	Common Stock	10,849	$0	0	D
Restricted Stock Unit (RSU)	$0(1)	02/25/2026		M			12,274	(6)	(5)	Common Stock	12,274	$0	49,097	D
Restricted Stock Unit (RSU)	$0(1)	02/25/2026		M			7,509	(7)	(5)	Common Stock	7,509	$0	60,069	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 6,000 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	02/27/2026
	** 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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