Form 4: LendingClub Controller's RSU Vesting & Tax Withholding

LendingClub's SVP, Corporate Controller, Fergal Stack, reported the vesting of restricted stock units and subsequent share withholding for tax obligations on November 25, 2025.

Summary

• Fergal Stack, SVP, Corporate Controller of LendingClub Corp [LC], reported transactions involving common stock and restricted stock units (RSUs).
• On November 25, 2025, a total of 10,670 common shares were acquired through the vesting of RSUs (5,646 + 3,117 + 1,907 shares).
• Each RSU represents the contingent right to receive one share of common stock upon vesting, with an exercise price of $0.
• Concurrently, 4,304 shares of common stock were disposed of (withheld by the Issuer) to cover tax withholding obligations related to the RSU vesting, at a price of $16.8 per share.
• Following these transactions, Fergal Stack's direct beneficial ownership of common stock is 255,200 shares.
• The RSUs had various vesting schedules, with 8.33% vesting quarterly after initial vesting dates of May 25, 2023, May 25, 2024, and May 25, 2025, subject to continued service.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding). These events are expected and do not indicate any significant positive or negative operational or financial developments for the company.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates continued compensation for a key executive, Fergal Stack, SVP, Corporate Controller.
• The acquisition of 10,670 shares through RSU vesting increases the executive's direct ownership in the company, aligning interests with shareholders.

Negatives

• 4,304 shares were withheld by LendingClub to cover tax obligations, which reduces the net number of shares directly added to the executive's beneficial ownership from the RSU vesting. This is a standard practice and not inherently negative for the company or executive.

Future Outlook

This filing is an insider transaction report and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation. It does not provide information that allows for an analysis of broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact, as these are routine compensation events for an executive. The slight increase in shares outstanding from RSU vesting is typically accounted for in dilution calculations.
• Employees: No direct impact beyond the reporting person.

Next Steps

• Future vesting of remaining Restricted Stock Units will occur quarterly, subject to Fergal Stack's continued service through each vesting date.

Key Dates

Keywords

LendingClub, LC, Fergal Stack, SVP Corporate Controller, Restricted Stock Units, RSU, Insider Transaction, Stock Vesting, Tax Withholding, Beneficial Ownership