Form 4: LendingClub CEO Sells Shares
Insider Transaction (Form 4)
Scott Sanborn, CEO and a Director of LendingClub Corp, sold 28,750 shares of common stock on August 25, 2026 for $18.25 per share.
Summary
- Option exercise/conversion: acquired 13,151 Common Stock on August 25, 2026; holds 1,491,714 after (Direct).
- Option exercise/conversion: acquired 8,045 Common Stock on August 25, 2026; holds 1,499,759 after (Direct).
- Option exercise/conversion: acquired 6,621 Common Stock on August 25, 2026; holds 1,506,380 after (Direct).
- Tax/exercise-price withholding: disposed of 14,856 Common Stock at $18.25 ($271,122) on August 25, 2026; holds 1,491,524 after (Direct).
- Open-market sale: disposed of 28,750 Common Stock at $18.25 ($524,710) on August 26, 2026; holds 1,462,774 after (Direct).
- Option exercise/conversion: disposed of 13,151 Restricted Stock Unit (RSU) on August 25, 2026; holds 26,302 after (Direct).
- Option exercise/conversion: disposed of 8,045 Restricted Stock Unit (RSU) on August 25, 2026; holds 48,270 after (Direct).
- Option exercise/conversion: disposed of 6,621 Restricted Stock Unit (RSU) on August 25, 2026; holds 66,209 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $524,710 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Scott Sanborn — Director, Officer (CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-25 | Option exercise/conversion | Common Stock | 13,151 | — | — | 1,491,714 |
| 2026-08-25 | Option exercise/conversion | Common Stock | 8,045 | — | — | 1,499,759 |
| 2026-08-25 | Option exercise/conversion | Common Stock | 6,621 | — | — | 1,506,380 |
| 2026-08-25 | Tax/exercise-price withholding | Common Stock | 14,856 | $18 | $271.1K | 1,491,524 |
| 2026-08-26 | Open-market sale | Common Stock | 28,750 | $18 | $524.7K | 1,462,774 |
| 2026-08-25 | Option exercise/conversion | Restricted Stock Unit (RSU) | 13,151 | — | — | 26,302 |
| 2026-08-25 | Option exercise/conversion | Restricted Stock Unit (RSU) | 8,045 | — | — | 48,270 |
| 2026-08-25 | Option exercise/conversion | Restricted Stock Unit (RSU) | 6,621 | — | — | 66,209 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-25 | Option exercise/conversion (13,151 shares) |
| 2026-08-25 | Option exercise/conversion (8,045 shares) |
| 2026-08-25 | Option exercise/conversion (6,621 shares) |
| 2026-08-25 | Tax/exercise-price withholding (14,856 shares) |
| 2026-08-26 | Open-market sale (28,750 shares) |
| 2026-08-25 | Option exercise/conversion (13,151 shares) |
| 2026-08-25 | Option exercise/conversion (8,045 shares) |
| 2026-08-25 | Option exercise/conversion (6,621 shares) |
Keywords
insider transaction, Form 4, HAPN, Happen, Inc., bearish, Scott Sanborn
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.