LendingClub Corp
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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, 2026 · Filed Apr 30, 2026
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Item 5. Other Information
Rule 10b5-1 Trading Plans
To diversify their assets, Scott Sanborn, the Company’s Chief Executive Officer, and Andrew LaBenne, the Company’s Chief Financial Officer, each entered into a sales plan in March 2026 and February 2026, respectively, that is intended to comply with Rule 10b5-1(c) under the Exchange Act (each a “Plan” and collectively the “Plans”). The maximum number of shares that can be sold under the Plans represents 9.4% of Mr. Sanborn’s current equity interest and 7.0% of Mr. LaBenne’s current equity interest in the Company, including their 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 first quarter of 2026:
| Name and Title | Adoption Date | Expiration Date | Aggregate Number of Shares to be Sold |
|---|---|---|---|
| Scott Sanborn, Chief Executive Officer and Director | March 3, 2026 | September 3, 2026 | Up to 210,417 |
| Fergal Stack, Principal Accounting Officer | February 17, 2026 | August 17, 2026 | Up to 110,000 |
| Andrew LaBenne, Chief Financial Officer | February 17, 2026 | February 1, 2027 | Up to 43,929 |
| Jordan Cheng, General Counsel and Corporate Secretary | February 17, 2026 | August 17, 2026 | Up to 21,500 |
Other than disclosed above, during the first quarter of 2026, 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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