LendingClub CRO exercises RSUs, withholds shares for tax

LendingClub Corp Chief Risk Officer Annie Armstrong reported multiple equity transactions tied to restricted stock units (RSUs).

Accepted by SEC EDGAR 02/27/2026 - 04:35 PM EST

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

LendingClub Corp Chief Risk Officer Annie Armstrong reported multiple equity transactions tied to restricted stock units (RSUs). On February 25, 2026, she exercised RSUs that converted into 21,619 shares of common stock at a stated price of $0.00 per share. In a related move, 11,546 common shares at $15.02 per share were withheld by the company to satisfy tax obligations upon RSU vesting, which the footnote clarifies does not represent a market sale. After these transactions, Armstrong directly owned 388,268 shares of LendingClub common stock.

Insider Trade Summary

21,619 shares exercised/converted

Exercise 7 txns

Insider ARMSTRONG ANNIE

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit (RSU)	7,749	$0.00	$0.00
Exercise	Restricted Stock Unit (RSU)	8,864	$0.00	$0.00
Exercise	Restricted Stock Unit (RSU)	5,006	$0.00	$0.00
Exercise	Common Stock	7,749	$0.00	$0.00
Exercise	Common Stock	8,864	$0.00	$0.00
Exercise	Common Stock	5,006	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	11,546	$15.02	$173K

Holdings After Transaction: Restricted Stock Unit (RSU) — 75,505 contracts (Direct); Common Stock — 388,268 shares (Direct)

Holdings Before and After: Restricted Stock Unit (RSU), 97,124 to 75,505 contracts (Direct); Common Stock, 378,195 to 388,268 shares (Direct)

Footnotes (6)

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.
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.
F3. 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.
F4. Not applicable.
F5. 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.
F6. 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 transactions did LendingClub (LC) report for Annie Armstrong?

LendingClub reported that Chief Risk Officer Annie Armstrong exercised restricted stock units into 21,619 common shares, with 11,546 shares withheld to cover taxes. Following these equity transactions, she directly held 388,268 shares of LendingClub common stock.

How many LendingClub shares did Annie Armstrong acquire in the latest Form 4?

Annie Armstrong acquired 21,619 shares of LendingClub common stock through the exercise and vesting of restricted stock units. These RSUs converted at a stated price of $0.00 per share, reflecting equity compensation rather than an open-market purchase of stock.

Were any of Annie Armstrong’s LendingClub (LC) transactions open-market sales?

The filing states that 11,546 shares were withheld to cover tax obligations upon RSU vesting and explicitly notes this does not represent a sale. There is no indication of open-market buying or selling; activity reflects equity award vesting and tax withholding.

What is Annie Armstrong’s new LendingClub common stock holding after the Form 4?

After the reported RSU exercises and tax-withholding share disposition, Annie Armstrong directly owned 388,268 shares of LendingClub common stock. This amount reflects her updated direct beneficial ownership position following the February 25, 2026 transactions.

What do the RSU footnotes in LendingClub’s Form 4 for Annie Armstrong explain?

The footnotes explain that each RSU converts into one common share upon vesting and describe quarterly vesting at 8.33% of total shares starting on specified May 25 dates, contingent on continued service. They also clarify that withheld shares cover taxes and are not sales.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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^*

ARMSTRONG ANNIE

(Last)

(First)

(Middle)

C/O LENDINGCLUB CORPORATION

595 MARKET ST., #200

(Street)

SAN FRANCISCO

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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/25/2026		M		7,749	A	$0⁽¹⁾	385,944	D
Common Stock	02/25/2026		M		8,864	A	$0⁽¹⁾	394,808	D
Common Stock	02/25/2026		M		5,006	A	$0⁽¹⁾	399,814	D
Common Stock	02/25/2026		F		11,546⁽²⁾	D	$15.02	388,268	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit (RSU)	$0⁽¹⁾	02/25/2026		M			7,749	⁽³⁾	⁽⁴⁾	Common Stock	7,749	$0	0	D
Restricted Stock Unit (RSU)	$0⁽¹⁾	02/25/2026		M			8,864	⁽⁵⁾	⁽⁴⁾	Common Stock	8,864	$0	35,459	D
Restricted Stock Unit (RSU)	$0⁽¹⁾	02/25/2026		M			5,006	⁽⁶⁾	⁽⁴⁾	Common Stock	5,006	$0	40,046	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