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LendingClub (LC) lending chief reports RSU vesting and tax share withholding

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

Rhea-AI Filing Summary

LendingClub Corp Bank Chief Lending Officer Steven C. Mattics reported routine equity compensation activity tied to restricted stock units (RSUs). On May 25, 2026, RSUs converted into 90,313 shares of common stock, reflecting derivative exercises rather than open‑market purchases.

To cover tax obligations from the RSU vesting, 38,574 shares of common stock were withheld by the company at $15.63 per share, and the filing states this does not represent a sale. Following these transactions, Mattics directly holds 51,739 shares of LendingClub common stock.

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Negative

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Insider Mattics Steven C
Role Bank - Chief Lending Officer
Type Security Shares Price Value
Exercise Restricted Stock Unit (RSU) 84,134 $0.00 --
Exercise Restricted Stock Unit (RSU) 6,179 $0.00 --
Exercise Common Stock 84,134 $0.00 --
Exercise Common Stock 6,179 $0.00 --
Tax Withholding Common Stock 38,574 $15.63 $603K
Holdings After Transaction: Restricted Stock Unit (RSU) — 168,270 shares (Direct, null); Common Stock — 84,134 shares (Direct, null)
Footnotes (1)
  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. 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. The RSUs vested as to 33.33% 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. Not applicable. The RSUs vested 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.
RSU exercises 90,313 shares Total underlying common shares from RSU derivative exercises on May 25, 2026
Tax withholding shares 38,574 shares Shares withheld by issuer to cover tax obligations on RSU vesting
Withholding price $15.63 per share Price applied to shares withheld for tax obligations
Shares owned after transaction 51,739 shares Direct common stock holdings following tax-withholding disposition
RSU vesting tranche 33.33% initial vest Portion of one RSU grant vesting on May 25, 2026
Quarterly vesting rate 8.33% per quarter Ongoing vesting rate for RSU awards after initial vesting date
Restricted Stock Unit ("RSU") financial
"Each restricted stock unit ("RSU") represents the contingent right to receive..."
tax withholding obligations financial
"Represents the number of shares withheld by the Issuer to cover tax withholding obligations..."
vesting financial
"The RSUs vested as to 33.33% of the total shares on May 25, 2026..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
non-derivative financial
"transaction_type": "non-derivative""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Mattics Steven C
(Last)(First)(Middle)
C/O LENDINGCLUB CORPORATION
88 KEARNY ST., SUITE 600
(Street)
SAN FRANCISCO CALIFORNIA 94108
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LendingClub Corp [ LC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Bank - Chief Lending Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/25/2026M84,134A$0(1)84,134D
Common Stock05/25/2026M6,179A$0(1)90,313D
Common Stock05/25/2026F38,574(2)D$15.6351,739D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit (RSU)$0(1)05/25/2026M84,134 (3) (4)Common Stock84,134$0168,270D
Restricted Stock Unit (RSU)$0(1)05/25/2026M6,179 (5) (4)Common Stock6,179$067,974D
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 33.33% 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.
4. Not applicable.
5. The RSUs vested 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.
/s/ Bhavit Sheth, attorney-in-fact05/27/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LendingClub (LC) report for Steven C. Mattics?

LendingClub reported RSU-related transactions for Steven C. Mattics. On May 25, 2026, restricted stock units converted into 90,313 common shares, and 38,574 shares were withheld by the company to cover tax obligations associated with this vesting event.

Did Steven C. Mattics sell LendingClub (LC) shares in this Form 4 filing?

The filing indicates no open-market sale of LendingClub shares. Instead, 38,574 shares were withheld by the company at $15.63 per share solely to satisfy tax withholding obligations arising from the vesting of restricted stock units awarded to Mattics.

How many LendingClub (LC) shares does Steven C. Mattics own after these transactions?

After completing the RSU conversions and tax withholding, Steven C. Mattics directly owns 51,739 shares of LendingClub common stock. This figure comes from the post-transaction balance disclosed in the entry covering the tax-withholding share disposition.

What RSU vesting schedule applies to Steven C. Mattics’ LendingClub awards?

The RSUs vest in tranches. One award vests 33.33% on May 25, 2026, with 8.33% vesting quarterly thereafter. Another award vests 8.33% on May 25, 2026, followed by additional 8.33% quarterly installments, all subject to continued service with LendingClub.