Senvest Management, LLC and Richard Mashaal report beneficial ownership of 4,320,058 shares of LendingClub Corp common stock, equal to 3.7% of the class. This percentage is based on 115,301,440 shares outstanding as of October 17, 2025, as disclosed in LendingClub’s Form 10-Q.
The shares are held in the account of Senvest Master Fund, LP, for which Senvest Management acts as investment manager and Mashaal is managing member. Both reporting persons state they may be deemed beneficial owners but expressly disclaim that this, by itself, is an admission of beneficial ownership.
The filing confirms they have shared voting and dispositive power over the reported shares and no sole power. They also certify the position was not acquired to change or influence control of LendingClub, but rather as a passive investment under Schedule 13G.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
LendingClub Corp
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
52603A208
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
52603A208
1
Names of Reporting Persons
Senvest Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,320,058.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,320,058.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,320,058.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP No.
52603A208
1
Names of Reporting Persons
Richard Mashaal
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,320,058.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,320,058.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,320,058.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
LendingClub Corp
(b)
Address of issuer's principal executive offices:
595 Market Street, Suite 200, San Francisco, CA 94105
Item 2.
(a)
Name of person filing:
This statement is filed by Senvest Management, LLC and Richard Mashaal, with respect to the common stock, par value $0.01 per share ("Common Stock"), of LendingClub Corp, a Delaware corporation (the "Company").
The reported securities are held in the account of Senvest Master Fund, LP (the "Investment Vehicle").
Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicle by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicle. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicle by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
Senvest Management, LLC
540 Madison Avenue, 32nd Floor
New York, New York 10022
Richard Mashaal
c/o Senvest Management, LLC
540 Madison Avenue, 32nd Floor
New York, New York 10022
(c)
Citizenship:
Senvest Management, LLC - Delaware
Richard Mashaal - Canada
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
52603A208
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 115,301,440 shares of Common Stock outstanding as of October 17, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the Securities and Exchange Commission on October 30, 2025.
(b)
Percent of class:
3.7 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Investment Vehicle has the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the shares of Common Stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake in LendingClub (LC) does Senvest report in this 13G/A?
Senvest Management and Richard Mashaal report beneficial ownership of 4,320,058 LendingClub shares, representing 3.7% of the common stock. This percentage is calculated using 115,301,440 shares outstanding as of October 17, 2025, disclosed in LendingClub’s September 30, 2025 Form 10-Q.
Who actually holds the LendingClub (LC) shares reported by Senvest?
The LendingClub shares are held in the account of Senvest Master Fund, LP. Senvest Management, LLC is the investment manager of this investment vehicle, and Richard Mashaal is the managing member of Senvest Management, linking both reporting persons to the position economically and structurally.
Does Senvest have control-related intentions with its LendingClub (LC) stake?
The reporting persons certify the LendingClub securities were not acquired and are not held to change or influence control of the company. They state the holdings are not part of any transaction aimed at control, other than activities related to a Rule 14a-11 nomination process.
What voting and dispositive powers does Senvest report over LendingClub (LC) shares?
Senvest Management and Richard Mashaal report zero sole voting or dispositive power and 4,320,058 shares with shared voting and shared dispositive power. This means decisions to vote or sell these shares are taken jointly, consistent with their roles regarding the Senvest Master Fund, LP.
Why is this LendingClub (LC) filing labeled as Amendment No. 1 to Schedule 13G?
The document is styled as Amendment No. 1 to an existing Schedule 13G, updating previously reported ownership information. It restates current beneficial ownership, percentage of the class, and confirms that the holdings are reported on a passive-investor basis rather than for corporate control purposes.
