LendingClub Corp
For the period ended Jun 30, 2025. Filed Jul 31, 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.
Jun 30, 2025 · Filed Jul 31, 2025
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Item 5. Other Information
Rule 10b5-1 Trading Plans
To diversify his assets, Scott Sanborn, the Company’s Chief Executive Officer, entered into a sales plan in June 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 3.5% of Mr. Sanborn’s current equity interest in the Company including his unvested time-based RSUs and unearned PBRSUs at target performance.
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 second quarter of 2025:
| Name and Title | Adoption Date | Expiration Date | Aggregate Number of Shares to be Sold |
|---|---|---|---|
| Scott Sanborn, Chief Executive Officer and Director | June 2, 2025 | February 27, 2026 | Up to 90,000 |
| Annie Armstrong, Chief Risk Officer | May 29, 2025 | August 31, 2026 | Up to 86,658 |
Other than disclosed above, during the second 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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