Filing Details

Accession Number:
0001127602-24-026861
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-11-08 17:31:39
Reporting Period:
2024-11-07
Accepted Time:
2024-11-08 17:31:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1409970 Lendingclub Corp LC () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1397362 Scott Sanborn C/O Lendingclub Corporation
595 Market St. #200
San Francisco CA 94105
Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-11-07 17,000 $14.89 1,339,273 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending June 30, 2024, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 4.2% of the Reporting Person's equity interest in the Issuer. Transactions effected pursuant to the Plan represent the first sales of Issuer stock by the Reporting Person during his eight years as Chief Executive Officer, other than sales in connection with equity related tax obligations.
  2. This transaction was executed in multiple trades during the date at prices ranging from $14.62 to $15.20. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.