LendingClub (LC) CRO sells 5,332 shares in Rule 10b5-1 plan
Rhea-AI Filing Summary
LendingClub Corp's Chief Risk Officer reported selling 5,332 shares of common stock on 12/11/2025 at $20 per share. After this transaction, the officer directly beneficially owns 373,692 shares. The sale was carried out under a Rule 10b5-1 trading plan, which the filing describes as a contract, instruction or written plan for purchasing or selling the issuer's equity securities that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
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FAQ
What insider share sale did LendingClub (LC) disclose in this filing?
The filing shows that LendingClub Corp's Chief Risk Officer sold 5,332 shares of common stock on 12/11/2025 at a price of $20 per share.
What is the role of the reporting person at LendingClub (LC)?
The reporting person is identified as an Officer of LendingClub Corp, with the title Chief Risk Officer.
How many LendingClub (LC) shares does the officer own after the reported sale?
Following the reported transaction, the Chief Risk Officer beneficially owns 373,692 shares of LendingClub common stock, held directly.
Was the LendingClub (LC) share sale made under a Rule 10b5-1 trading plan?
Yes. The explanation states that "This transaction was effected pursuant to a Rule 10b5-1 trading plan", indicating it followed a pre-arranged plan.
How does the filing describe a Rule 10b5-1 plan for LendingClub (LC) insiders?
It describes it as a contract, instruction or written plan for the purchase or sale of the issuer's equity securities that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Is this Form 4 filed for one or multiple reporting persons at LendingClub (LC)?
The form is indicated as filed by one reporting person, not by more than one reporting person.