LendingClub Corp (NYSE: LC) director sale and RSU vesting details revealed
Rhea-AI Filing Summary
LendingClub Corporation director reports stock sale and updated holdings. A director of LendingClub Corp (LC) filed a Form 4 disclosing the sale of 2,390 shares of common stock on 12/05/2025 at a price of $19.47 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan, which is designed to allow insiders to trade according to a preset schedule. After this transaction, the director beneficially owns 76,377 shares of LendingClub common stock directly. The director also holds 9,561 unvested Restricted Stock Units (RSUs) from an annual non-employee director equity award, which are scheduled to vest quarterly over a one-year period beginning on June 3, 2025, subject to continued service.
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FAQ
What insider transaction did LendingClub Corp (LC) report in this Form 4?
A LendingClub Corp director reported selling 2,390 shares of common stock on 12/05/2025 at a price of $19.47 per share.
Was the LendingClub (LC) insider trade made under a Rule 10b5-1 plan?
Yes. The filing states that the transaction was effected pursuant to a Rule 10b5-1 trading plan, which is a pre-arranged plan for buying or selling shares.
How many LendingClub (LC) shares does the director own after the reported sale?
Following the transaction, the director beneficially owns 76,377 shares of LendingClub common stock in direct ownership.
What RSU awards does the LendingClub Corp (LC) director hold?
The director holds 9,561 unvested RSUs from an annual non-employee director equity award made under the LendingClub Corporation 2014 Equity Incentive Plan.
When do the LendingClub (LC) director’s RSUs vest?
The RSUs will vest quarterly over a one-year period beginning on June 3, 2025, subject to the director’s continued service through each vesting date.
What is the reporting person’s relationship to LendingClub Corp (LC)?
The reporting person is identified as a director of LendingClub Corp and filed the Form 4 as a single reporting person.
What type of securities are covered in this LendingClub (LC) Form 4?
The filing covers common stock transactions and discloses holdings of Restricted Stock Units (RSUs) that convert into common shares upon vesting.