July 3, 2025 · Form 4 insider transaction
Sanborn Scott sold 5,250 shares of LendingClub Corporation at $12.56 per share, a transaction worth $65.9K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 4 days after the transaction.
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-K for the period ending December 31, 2024, the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 4.1% of the Reporting Person's equity interest in the Issuer.; This transaction was executed in multiple trades during the date at prices ranging from $12.51 to $12.61. 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.