LendingClub (LC) Chief Risk Officer reports RSU vesting and 379,024 shares owned
Rhea-AI Filing Summary
LendingClub Corp. reported insider equity activity for its Chief Risk Officer on a Form 4. On 11/25/2025, the officer acquired common stock through the vesting and settlement of restricted stock units (RSUs), receiving 7,749, 8,865, and 5,006 shares of common stock, each at an exercise price of $0 per RSU. These RSU settlements increased the officer’s holdings, and each RSU represents a right to receive one share of common stock upon vesting.
To cover tax withholding obligations related to these vestings, 11,514 shares of common stock were withheld by the company at a price of $16.8 per share, which is reported as a disposition but not an open-market sale. After the reported transactions, the officer directly owned 379,024 shares of LendingClub common stock.
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FAQ
What insider transaction did LendingClub Corp (LC) disclose in this Form 4?
The filing shows the Chief Risk Officer of LendingClub Corp. acquired common stock upon the vesting and settlement of multiple restricted stock unit (RSU) awards on 11/25/2025.
How many LendingClub (LC) shares were acquired through RSU vesting?
The officer received 7,749, 8,865, and 5,006 shares of common stock upon vesting of RSUs, with each RSU converting into one share at an exercise price of $0.
Were any of the LendingClub (LC) shares sold in the open market?
The disclosure states that 11,514 shares were withheld by the issuer at $16.8 per share to satisfy tax withholding obligations, and that this does not represent a sale of shares in the open market.
How many LendingClub (LC) shares does the officer own after these transactions?
After the reported RSU vesting and tax withholding, the Chief Risk Officer directly beneficially owned 379,024 shares of LendingClub common stock.
What is the vesting schedule for the reported LendingClub RSUs?
The RSUs vest as to 8.33% of the total shares on specified initial dates (including May 25, 2023, May 25, 2024, and May 25, 2025), with an additional 8.33% vesting quarterly thereafter, subject to continued service.
What role does the reporting person hold at LendingClub (LC)?
The reporting person is an officer of LendingClub Corp., serving as the company’s Chief Risk Officer, and filed this Form 4 as an individual reporting person.