LC Insider Sale: Annie Armstrong Disposes of 5,333 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Annie Armstrong, Chief Risk Officer at LendingClub Corporation (LC), reported a sale of company stock under a pre-established trading plan. On 09/17/2025 she disposed of 5,333 shares of LendingClub common stock at a price of $17.19 per share pursuant to a Rule 10b5-1 trading plan. Following the transaction she beneficially owned 379,584 shares, held directly. The Form 4 was signed by an attorney-in-fact and indicates the sale was executed under the previously established plan rather than as an ad-hoc trade.

Insights

Financial Analyst

TL;DR: Insider sale under a 10b5-1 plan; modest volume relative to holdings, neutral for valuation.

The filing documents a single non-derivative sale of 5,333 shares at $17.19 executed under a Rule 10b5-1 plan. With 379,584 shares remaining beneficially owned directly, the transaction represents a small percentage of the reporting person’s holdings, indicating routine liquidity rather than a material shift in ownership. No derivative activity or amendments are disclosed. For investors, the key facts are the trade size, the execution price, and that the sale was pre-planned rather than opportunistic.

Corporate Governance Expert

TL;DR: Proper use of a 10b5-1 plan and attorney-in-fact signature; disclosure appears complete and routine.

The Form 4 shows the reporting person used a Rule 10b5-1 trading plan, which provides affirmative defense against insider trading claims when properly adopted. The form discloses the security class, transaction date, transaction code, number of shares sold, price and post-transaction ownership. The signature by an attorney-in-fact is noted. There are no indications of amendments, derivative transactions, or changes to the trading plan within this filing.

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).

X

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^*

ARMSTRONG ANNIE

(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 Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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	09/17/2025		S(1)		5,333	D	$17.19	379,584	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. This transaction was effected pursuant to a Rule 10b5-1 trading plan.

	/s/ Bhavit Sheth, attorney-in-fact	09/17/2025
	** 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.

FAQ

What insider transaction did LendingClub (LC) report on the Form 4?

The Form 4 reports that Chief Risk Officer Annie Armstrong sold 5,333 shares of LendingClub common stock on 09/17/2025 at $17.19 per share.

Was the trade by the LendingClub insider part of a trading plan?

Yes. The sale was executed pursuant to a Rule 10b5-1 trading plan, as disclosed in the Form 4.

How many LendingClub shares does the reporting person own after the sale?

Following the reported transaction the reporting person beneficially owned 379,584 shares, held directly.

Who signed the Form 4 reporting the LendingClub insider sale?

The Form 4 was signed by Bhavit Sheth, attorney-in-fact on behalf of the reporting person on 09/17/2025.