LendingClub (LC) General Counsel awarded 34,605 RSUs in latest Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LendingClub Corp General Counsel & Secretary Jordan Cheng reported an equity compensation grant. On March 5, 2026, Cheng acquired 34,605 restricted stock units (RSUs), each representing the right to receive one share of LendingClub common stock upon vesting.
The RSUs were granted under LendingClub’s 2014 Equity Incentive Plan. They will vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to Cheng’s continued service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cheng Jordan
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 34,605 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 34,605 shares (Direct)
Footnotes (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. Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs will vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date. Not applicable.
FAQ
What insider transaction did LendingClub (LC) report for Jordan Cheng?
LendingClub reported that General Counsel & Secretary Jordan Cheng received a grant of 34,605 restricted stock units. These RSUs are equity compensation and do not involve a cash purchase or sale of shares in the market by Cheng.
How many RSUs did Jordan Cheng receive from LendingClub (LC)?
Jordan Cheng received 34,605 restricted stock units from LendingClub. Each RSU gives him the right to receive one share of LendingClub common stock if and when the unit vests under the specified vesting schedule and continued service conditions.
When do Jordan Cheng’s LendingClub (LC) RSUs start vesting?
The RSUs granted to Jordan Cheng begin vesting on May 25, 2026, when 8.33% of the total units vest. Additional 8.33% portions of the original 34,605 RSUs will then vest quarterly, contingent on his continued service with the company.
What plan governs the RSU grant to Jordan Cheng at LendingClub (LC)?
The RSU grant to Jordan Cheng was made under LendingClub’s 2014 Equity Incentive Plan. This plan governs how equity awards such as restricted stock units are granted, the vesting conditions, and how they convert into common shares over time.
Does Jordan Cheng’s Form 4 for LendingClub (LC) show any stock sales?
The Form 4 shows no stock sales by Jordan Cheng. It reports only an acquisition of 34,605 restricted stock units as a grant, with no market purchases or dispositions of LendingClub common stock indicated in this filing.