Form 4: LC insider sale of 5,333 shares under 10b5-1 plan

Rhea-AI Filing Summary

Reporting person: Annie Armstrong, Chief Risk Officer at LendingClub Corporation (LC), reported a sale of common stock under a Rule 10b5-1 plan.

On 08/28/2025 she disposed of 5,333 shares at $16.91 per share, leaving beneficial ownership of 384,917 shares. The filing is signed by an attorney-in-fact on 09/02/2025 and explicitly states the transaction was effected pursuant to a Rule 10b5-1 trading plan.

Insights

Financial Analyst

TL;DR: Insider sale was small relative to total holdings and executed under a 10b5-1 plan, indicating a prearranged, non-discretionary trade.

The reported disposition of 5,333 shares at $16.91 reduces the reporting person’s stake to 384,917 shares. Because the filing cites a Rule 10b5-1 plan, the sale appears pre-scheduled rather than reactive to material nonpublic information. The transaction size is roughly 1.4% of the post-transaction holdings, a de minimis change that is unlikely to be materially informative about company fundamentals.

Corporate Governance Expert

TL;DR: The disclosure aligns with Section 16 reporting requirements and shows use of an affirmative defense trading plan.

This Form 4 documents compliance with insider-trading disclosure rules and notes the 10b5-1 plan, which provides an affirmative defense if trades were preplanned and properly structured. The filing includes required details: transaction date (08/28/2025), price ($16.91), shares sold (5,333), and remaining beneficial ownership (384,917). No other governance concerns or amendments are disclosed.

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^*

ARMSTRONG ANNIE

(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 Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		S(1)		5,333	D	$16.91	384,917	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.

	/s/ Bhavit Sheth, attorney-in-fact	09/02/2025
	** 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 did Annie Armstrong (LC) report on Form 4?

She reported a sale of 5,333 shares of LendingClub common stock executed on 08/28/2025 at $16.91 per share.

How many LendingClub (LC) shares does the reporting person own after the sale?

The filing reports 384,917 shares beneficially owned following the reported transaction.

Was the transaction part of a trading plan for LendingClub (LC)?

Yes. The form states the transaction was effected pursuant to a Rule 10b5-1 trading plan.

When was the Form 4 signed and who signed it?

The form bears a signature by an attorney-in-fact, Bhavit Sheth, dated 09/02/2025.

What relationship does the reporting person have with LendingClub (LC)?

Annie Armstrong is identified as an Officer with the title Chief Risk Officer.