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Bay Pond Partners reports 5.09% ownership in LendingClub (NYSE: LC)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

LendingClub Corporation reported that Bay Pond Partners, L.P. beneficially owns 5,866,912 shares of common stock, representing 5.09% of the class. The filing states Bay Pond holds shared voting and dispositive power over those 5,866,912 shares. The filing is signed by an authorized person on 04/24/2026.

Positive

  • None.

Negative

  • None.

Insights

Bay Pond reports a 5.09% beneficial stake in LendingClub.

Bay Pond Partners, L.P. is disclosed as beneficial owner of 5,866,912 shares with shared voting and dispositive power. The Schedule 13G format indicates a passive investor reporting ownership rather than an active acquisition narrative.

Signatures show the filing was executed on 04/24/2026. Subsequent filings would confirm whether this is a new position or an update to prior ownership levels.

Shared voting/dispositive power implies ownership via an entity or joint control.

The filing attributes 0 sole voting/dispositive power and 5,866,912 shares of shared power, which suggests authority exercised jointly or through managed accounts. The address lists Wellington Management as the business office, consistent with institutional custody or advisory arrangements.

Watch for any amendments or Form 13D that would indicate a change in intent or control; timing and intent are not stated here.

Beneficial ownership 5,866,912 shares Schedule 13G filing
Percent of class 5.09% Ownership percentage reported in Item 4
Sole voting power 0 Item 4(i) sole power to vote
Shared voting power 5,866,912 shares Item 4(ii) shared power to vote
Signature date 04/24/2026 Filing signature by authorized person
Beneficially owned regulatory
"Amount beneficially owned: 5,866,912"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Shared Dispositive Power regulatory
"Shared Dispositive Power 5,866,912.00"
Schedule 13G regulatory
"Item 1. Name of issuer: LendingClub Corporation"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Sole Voting Power regulatory
"Sole Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
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52603A208

(CUSIP Number)
04/17/2026

(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)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



Bay Pond Partners, L.P.
Signature:Ihsan Speede
Name/Title:Authorized Person
Date:04/24/2026

Comments accompanying signature: Wellington Alternative Investments LLC; Its General Partner Signature: Ihsan Speede Name/Title: Authorized Person Date: 04/24/2026

FAQ

What stake does Bay Pond Partners report in LendingClub (LC)?

Bay Pond Partners reports beneficial ownership of 5,866,912 shares, or 5.09%. The filing lists shared voting and dispositive power over those shares and is signed on 04/24/2026.

Does the filing show Bay Pond has sole voting control of LC shares?

No—sole voting power is reported as 0. The Schedule 13G states Bay Pond has shared voting power and shared dispositive power over the 5,866,912 shares it beneficially owns.

Who filed the Schedule 13G on Bay Pond's behalf?

Bay Pond Partners, L.P. is the reporting person. The address is listed c/o Wellington Management Company LLP, indicating Wellington as the business office; the filing was signed by an authorized person on 04/24/2026.

What does a Schedule 13G filing indicate versus a 13D for LC?

Schedule 13G is typically a passive ownership disclosure. It reports beneficial ownership without asserting activist intent; the filing here lists a 5.09% stake and does not state any intent to influence control.

How much voting power does Bay Pond have in LendingClub?

Bay Pond reports 5,866,912 shares of shared voting power. The filing shows 0 shares of sole voting power and 5,866,912 of shared voting power, corresponding to its reported beneficial stake.