LendingClub Corp
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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, 2025 · Filed May 1, 2025
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Item 5. Other Information
Rule 10b5-1 Trading Plans
To diversify his assets, Andrew LaBenne, the Company’s Chief Financial Officer, entered into a sales plan in March 2025 that is intended to comply with Rule 10b5-1(c) under the Exchange Act (the Plan). The maximum number of shares that can be sold under the Plan represents 6.3% of Mr. LaBenne’s current equity interest in the Company including his unvested time-based RSUs and unearned PBRSUs at target performance. Any sale(s) executed under the Plan would represent the first sale(s) of Company stock by Mr. LaBenne since joining the Company in 2022.
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 2025:
| Name and Title | Adoption Date | Expiration Date | Aggregate Number of Shares to be Sold |
|---|---|---|---|
| Andrew LaBenne, Chief Financial Officer | March 6, 2025 | November 28, 2025 | Up to 38,858 |
Other than disclosed above, during the first quarter of 2025, 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.”
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