LendingClub Corp
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
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Item 5. Other Information
Rule 10b5-1 Trading Plans
The following table shows the trading arrangements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), adopted by the Company’s directors and executive officers during the first quarter of 2024:
| Name and Title | Adoption Date | Expiration Date | Aggregate Number of Shares to be Sold (1) |
|---|---|---|---|
| Erin Selleck, Director | March 1, 2024 | January 31, 2025 | Up to 8,869 |
(1) The aggregate number of shares to be sold pursuant to this trading arrangement includes shares from outstanding restricted stock units that are subject to applicable service-based vesting conditions.
Other than disclosed above, during the first quarter of 2024, none of the Company’s directors or executive officers adopted orterminated any contract, instruction or written plan for the purchase or sale of the Company’s securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement.”
Awards Amendment
On April 30, 2024, the Company and its CEO, Scott Sanborn, entered into an agreement (the Awards Amendment) to amend certain restricted stock unit awards granted to him in 2022 and 2024 to provide that 72,463 restricted stock units shall be cash settled. The Awards Amendment is filed as Exhibit 10.1 to this Report and is incorporated herein by reference.
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