Sanborn Scott sold LC
September 15, 2025 · Form 4 insider transaction
Sanborn Scott sold 30,000 shares of LendingClub Corporation at $17.04 per share, a transaction worth $511.1K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 2 days after the transaction.
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.; This transaction was executed in multiple trades during the date at prices ranging from $17.00 to $17.13. 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.