LendingClub Form 4: CEO 10b5-1 Sale of 30,000 Shares Disclosed

Rhea-AI Filing Summary

LendingClub Corp (LC) insider transaction: Scott Sanborn, CEO and director, sold 30,000 shares of LendingClub common stock on 09/15/2025 at a weighted-average price of $17.0383 per share under a Rule 10b5-1 trading plan intended to diversify his holdings. After the sale he beneficially owns 1,240,070 shares. The filing states the Plan's maximum sales (including this transaction) represent 3.5% of his equity interest and that trades executed on the date ranged from $17.00 to $17.13. The report is signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating pre-planned, procedurally compliant transactions
• Detailed pricing disclosure with weighted-average price and range ($17.00 to $17.13) and an undertaking to provide full trade details on request

Negative

• Insider sold 30,000 shares, reducing beneficial ownership to 1,240,070 shares
• Transaction represents part of plan sales equal to 3.5% of the reporting person’s equity interest as disclosed

Insights

Corporate Governance Expert

TL;DR: Routine, pre-planned insider sale under a 10b5-1 plan; disclosure and pricing are clearly reported.

The Form 4 shows the CEO executed a Rule 10b5-1 plan sale of 30,000 shares, with a clear weighted-average price and a stated cap representing 3.5% of his equity interest. From a governance perspective, use of a 10b5-1 plan provides procedural compliance and an affirmative defense against allegations of trading on material nonpublic information. The filing includes an undertaking to provide full trade-level details on request, which supports transparency. This disclosure appears neither to signal a company-specific material event nor to change control or compensation arrangements.

Securities Analyst

TL;DR: Insider sale is disclosed precisely but appears routine; impact on capitalization is minimal.

The reported sale reduced the reporting person’s beneficial holdings to 1,240,070 shares. The transaction price range ($17.00–$17.13) and weighted-average price $17.0383 are provided, and the seller notes the sale was part of a diversification plan. For investors, this is a clear, documented insider sale without accompanying derivative activity or other material changes disclosed in this filing. The filing does not provide additional context such as percentage of outstanding shares, so direct market-cap impact cannot be assessed from this form alone.

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^*

Sanborn Scott

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		S(1)		30,000	D	$17.0383(2)	1,240,070	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 (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending June 30, 2025, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 3.5% of the Reporting Person's equity interest in the Issuer.

2. This transaction was executed in multiple trades during the date at prices ranging from $17.00 to $17.13. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.

	/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 did LendingClub CEO Scott Sanborn report on Form 4 (LC)?

The Form 4 reports that Scott Sanborn sold 30,000 shares of LendingClub common stock on 09/15/2025 under a Rule 10b5-1 plan, at a weighted-average price of $17.0383.

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

After the reported transaction the reporting person beneficially owns 1,240,070 shares.

Was the sale part of a pre-arranged trading plan for LC insider trades?

Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan intended to diversify the reporting person’s assets.

What price range did the LendingClub trades execute at on 09/15/2025?

The trades executed during the date at prices ranging from $17.00 to $17.13, with a reported weighted-average price of $17.0383.

Does the Form 4 provide additional context about material events or derivatives?

No. The Form 4 discloses only the non-derivative sale and does not report any derivative transactions or other material events.