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LendingClub Corp (NYSE: LC) director sale and RSU vesting details revealed

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4

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.

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).
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*
Selleck Erin

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025
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 12/05/2025 S(1) 2,390 D $19.47 76,377 D
Common Stock 9,561(2) 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.
2. Represents the unvested portion of an annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest quarterly over a one-year period beginning on June 3, 2025, subject to continued service through each vesting date.
/s/ Bhavit Sheth, attorney-in-fact 12/09/2025
** 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 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.

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United States
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