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LendingClub (LC) CFO awarded 74,153 RSUs under 2014 Equity Incentive Plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LaBenne Andrew reported acquisition or exercise transactions in this Form 4 filing.

LendingClub Corp reported that its Chief Financial Officer, Andrew LaBenne, received a grant of 74,153 restricted stock units (RSUs) under the company’s 2014 Equity Incentive Plan. Each RSU represents the right to receive one share of LendingClub common stock if and when it vests.

The RSUs will vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% vesting quarterly thereafter, so long as LaBenne continues in service through each vesting date. Following this grant, he is reported as directly holding 74,153 RSUs.

Positive

  • None.

Negative

  • None.
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*
LaBenne Andrew

(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 Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
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)
Code V Amount (A) or (D) Price
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
Restricted Stock Unit (RSU) $0(1) 03/05/2026 A 74,153 (2) (3) Common Stock 74,153 $0 74,153 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. 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.
3. Not applicable.
/s/ Bhavit Sheth, attorney-in-fact 03/09/2026
** 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.

FAQ

What insider transaction did LendingClub (LC) report for CFO Andrew LaBenne?

LendingClub reported that Chief Financial Officer Andrew LaBenne received a grant of 74,153 restricted stock units. These RSUs were issued under the 2014 Equity Incentive Plan and give him the right to receive one share of common stock for each unit that ultimately vests.

How many RSUs did the LendingClub (LC) CFO receive in this Form 4 filing?

The CFO, Andrew LaBenne, was granted 74,153 restricted stock units. The filing states that, after this grant, he directly holds 74,153 RSUs, each representing a contingent right to receive one share of LendingClub common stock upon vesting, subject to service conditions.

What is the vesting schedule for Andrew LaBenne’s 74,153 LendingClub (LC) RSUs?

The 74,153 RSUs vest as to 8.33% of the total shares on May 25, 2026. An additional 8.33% of the total shares then vests quarterly thereafter, provided that Andrew LaBenne continues to provide service to LendingClub through each applicable vesting date.

Under which plan were the RSUs granted to LendingClub (LC) CFO Andrew LaBenne?

The RSUs were granted under LendingClub’s 2014 Equity Incentive Plan. The filing explains that each restricted stock unit represents a contingent right to receive one share of the company’s common stock upon vesting, aligning the award with the company’s equity compensation framework.

Does the RSU grant to LendingClub (LC) CFO involve any purchase price?

The RSU grant carries a transaction price per share of 0.0000, meaning no cash purchase price was paid for the units. Instead, the award is a form of equity compensation that converts into common shares only if the vesting and continued service conditions are satisfied.
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