Sanborn Scott sold LC
October 23, 2025 · Form 4 insider transaction
Sanborn Scott sold 30,000 shares of LendingClub Corporation at $19.29 per share, a transaction worth $578.7K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 1 day after the transaction.
Direction
Disposed (sell-side)
Shares
30,000
Price
$19.29
Total value
$578.7K
InsiderSanborn Scott
Role—
CompanyLendingClub Corporation (LC)
SecurityCommon Stock
Transaction codeS: Open-market sale
Transaction dateOctober 23, 2025
Filing dateOctober 24, 2025
Shares owned after1,210,070
OwnershipDirect
10b5-1 planYes
AmendedNo
Footnotes
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, 2025, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 3.5% of the Reporting Person's equity interest in the Issuer.