[Form 4] LendingClub Corporation Insider Trading Activity

Rhea-AI Filing Summary

LendingClub director and CEO Scott Sanborn reported multiple transactions in the issuer's common stock on 08/25/2025. Several restricted stock units (RSUs) vested and were converted to shares, resulting in acquisitions totaling 36,140 shares reported as grants (14,944; 13,151; 8,045) at a $0 per-share grant value. The filing also shows 19,245 shares were disposed of in a sale at $16.31 per share, and the issuer withheld shares to satisfy tax withholding obligations related to RSU vesting.

The reporting person’s total beneficial ownership figures change across entries, with post-transaction holdings reported in the range of about 1.30 million to 1.32 million shares, reflecting the combined effect of vesting, withholding for taxes, and the listed sale.

Positive

• Equity compensation vested indicates alignment of the CEO with shareholder interests through continued equity ownership
• Material beneficial ownership retained with reported holdings above 1.3 million shares after transactions

Negative

• Open-market sale of 19,245 shares at $16.31 represents a reduction in holdings that investors may note
• Share withholding for taxes reduced the net increase from RSU vesting, partially offsetting new ownership from grants

Insights

Financial Analyst

TL;DR: Insider received vested RSUs, sold a portion at $16.31, and net holdings remain above 1.3M shares.

The transactions are largely compensation-driven: multiple RSU grants vested and were reported as acquisitions at $0 per share consistent with standard equity compensation vesting. The 19,245-share disposal at $16.31 appears to be a sale, while withheld shares cover tax obligations. These moves likely reflect routine post-vesting tax management rather than a strategic change in ownership. Reported beneficial ownership remains material on an absolute basis but the filing contains no forward-looking statements or indications of further disposition plans.

Corporate Governance Expert

TL;DR: Governance-wise this is routine equity compensation activity with tax withholding and an accompanying open-market sale.

The pattern—periodic RSU vesting with share withholding for taxes and a contemporaneous sale—is common for executives who receive time-based equity awards. The filing identifies the reporting person as both director and CEO, so transparency around these transactions supports disclosure compliance. There is no indication of atypical planned trading under a 10b5-1 plan in the text, and the filing does not assert reliance on such a plan.

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

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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^*

Sanborn Scott

(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
X	Officer (give title below)		Other (specify below)
	CEO

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		14,944	A	$0(1)	1,298,119	D
Common Stock	08/25/2025		M		13,151	A	$0(1)	1,311,270	D
Common Stock	08/25/2025		M		8,045	A	$0(1)	1,319,315	D
Common Stock	08/25/2025		F		19,245(2)	D	$16.31	1,300,070	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
Restricted Stock Unit (RSU)	$0(1)	08/25/2025		M			14,944	(3)	(4)	Common Stock	14,944	$0	29,889	D
Restricted Stock Unit (RSU)	$0(1)	08/25/2025		M			13,151	(5)	(4)	Common Stock	13,151	$0	78,905	D
Restricted Stock Unit (RSU)	$0(1)	08/25/2025		M			8,045	(6)	(4)	Common Stock	8,045	$0	80,450	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. 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.

4. Not applicable.

5. 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.

6. 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).
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 transactions did LendingClub (LC) insider Scott Sanborn report on 08/25/2025?

The filing reports RSU vesting conversions totaling 36,140 shares and a sale of 19,245 shares at $16.31 per share on 08/25/2025.

Did the Form 4 report any shares withheld for taxes related to RSU vesting?

Yes. The filing states shares were withheld by the issuer to satisfy tax withholding obligations in connection with RSU vesting.

How many shares does Scott Sanborn report beneficially owning after these transactions?

Post-transaction beneficial ownership amounts are reported in the filings in the range of approximately 1,300,070 to 1,319,315 shares, depending on the line item.

Were the RSU grants reported as purchases with a cash price?

No. The RSUs are reported as acquisitions at a grant price of $0, reflecting compensation vesting rather than a cash purchase.

Do the filings indicate the transactions were made under a 10b5-1 trading plan?

The document does not indicate that these transactions were made pursuant to a Rule 10b5-1 trading plan.

Who signed the Form 4 on behalf of the reporting person?

The filing was executed by an attorney-in-fact on behalf of the reporting person, as indicated in the signature block.