[Form 4] LendingClub Corporation Insider Trading Activity

Rhea-AI Filing Summary

LendingClub Corp (LC) Chief Financial Officer Andrew LaBenne reported multiple insider transactions tied to restricted stock units (RSUs) that vested on August 25, 2025. The filing shows four RSU vesting events resulting in acquisitions of 20,005; 10,849; 12,274; and 7,509 shares, all recorded at $0 as they represent vested RSUs converting to common stock. The issuer withheld 26,095 shares to satisfy tax-withholding obligations rather than a sale. After these transactions, the reporting person beneficially owns 228,748 shares directly and has 10,000 shares indirectly held in UTMA accounts for his children.

Positive

• Multiple RSU vestings occurred on 08/25/2025, increasing direct beneficial ownership by the reporting person.
• Direct beneficial ownership totals 228,748 shares after these transactions, reflecting executive equity alignment with shareholders.
• Indirect holdings disclosed of 10,000 shares in UTMA accounts provide transparency into total family-held exposure.

Negative

• Issuer withheld 26,095 shares to satisfy tax-withholding obligations, reducing net shares received by the reporting person.

Insights

Financial Analyst

TL;DR: Insider RSU vesting increased direct ownership materially but included tax-withholding; overall change is routine compensation-related activity.

The transactions are compensation-driven: multiple RSU tranches vested and converted to common stock at no cash price, which increases the reporting person’s direct equity stake to 228,748 shares. The issuer withheld 26,095 shares to cover tax obligations, a common practice that reduces net share receipts but does not represent an open-market sale. The report discloses 10,000 shares held indirectly in UTMA accounts for minors. For investors, these are administrative ownership changes tied to executive compensation rather than signaling a material strategic shift.

Corporate Governance Expert

TL;DR: Vesting and withholding are standard governance and tax-administration events with no apparent governance concerns disclosed.

The Form 4 documents scheduled vesting per existing equity arrangements and tax withholding by the issuer. Vesting schedules referenced (various percentages and quarterly vesting) match customary executive RSU plans. There is no indication of discretionary transfers, sales, or unusual related-party actions. Indirect holdings in UTMA accounts are disclosed, maintaining transparency on beneficial ownership structure.

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
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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)
08/25/2025

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	08/25/2025		M		20,005	A	$0(1)	198,116	D
Common Stock	08/25/2025		M		10,849	A	$0(1)	208,965	D
Common Stock	08/25/2025		M		12,274	A	$0(1)	221,239	D
Common Stock	08/25/2025		M		7,509	A	$0(1)	228,748	D
Common Stock	08/25/2025		F		26,095(2)	D	$16.31	202,653	D
Common Stock								10,000(3)	I	UTMAs for Children

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)	08/25/2025		M			20,005	(4)	(5)	Common Stock	20,005	$0	0	D
Restricted Stock Unit (RSU)	$0(1)	08/25/2025		M			10,849	(6)	(5)	Common Stock	10,849	$0	21,697	D
Restricted Stock Unit (RSU)	$0(1)	08/25/2025		M			12,274	(7)	(5)	Common Stock	12,274	$0	73,645	D
Restricted Stock Unit (RSU)	$0(1)	08/25/2025		M			7,509	(8)	(5)	Common Stock	7,509	$0	75,086	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. 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. Aggregates 5,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.

4. The RSUs vested as to 33.33% of the total shares on August 25, 2023, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

5. Not applicable.

6. The RSUs vested as to 8.33% of the total shares on May 25, 2023, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

7. The RSUs vested as to 8.33% of the total shares on May 25, 2024, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.

8. The RSUs vested as to 8.33% of the total shares on May 25, 2025, 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-fact	08/27/2025
	** 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).
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FAQ

What insider transactions did LC CFO Andrew LaBenne report on Form 4?

Answer: Multiple RSU vestings on 08/25/2025 resulting in acquisitions of 20,005; 10,849; 12,274; and 7,509 shares, with 26,095 shares withheld for taxes.

How many LC shares does the reporting person own after the reported transactions?

Answer: The reporting person beneficially owns 228,748 shares directly and 10,000 shares indirectly in UTMA accounts.

Did the Form 4 show any open-market sales by the reporting person?

Answer: No open-market sales are reported; the only dispositions were shares withheld by the issuer for tax withholding (26,095 shares).

Were the vested RSUs exercised at a cost to the reporting person?

Answer: The RSUs converted to common stock at a recorded price of $0, as they represent vested awards rather than purchases.

What is the reporting person’s role at LendingClub (LC)?

Answer: The reporting person is identified as an officer: Chief Financial Officer.