CEO's intent to sell a meaningful stake (143,750 shares) is a signal to monitor. While the sale is tied to RSU vesting and may be part of routine diversification, the size relative to recent insider activity warrants attention. Watch for the actual Form 4 filing to confirm execution and any subsequent insider trading patterns.
Price Chart
Executive Summary
CEO Scott Sanborn filed a Form 144 to sell 143,750 shares of LendingClub Corp common stock, with an estimated aggregate market value of approximately $2.64 million. The shares were acquired upon vesting of restricted stock units between 2002 and 2023. This is an advance notice of intent to sell, not a completed transaction, but the CEO's planned sale is notable given the company's $2.1B market cap and the insider's role.
Key Facts
- CEO Scott Sanborn filed Form 144 to sell 143,750 shares of LC common stock.
- Estimated aggregate market value of the proposed sale is approximately $2.64 million.
- Shares were acquired upon vesting of restricted stock units from 2002 through 2023.
- The filing is an advance notice of intent to sell; the actual sale may or may not occur.
- Recent insider activity (30 days) shows 2 sells totaling $434K, making this proposed sale significantly larger.
Financial Impact
Proposed sale of 143,750 shares valued at ~$2.64 million, representing approximately 0.13% of the company's $2.1B market cap.
Risk Factors
- CEO selling a large block could signal reduced conviction or be perceived negatively by the market.
- The sale may be executed over time, potentially creating overhang on the stock.
- Form 144 is only an intent to sell; the sale may not occur, reducing the signal's reliability.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-005503 |
| Document: 0001950047-26-005503-index.html | 0001950047-26-005503 |
| Document: 0001950047-26-005503.txt | 0001950047-26-005503 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 22, 2026 14w ago | 8-K | $19.21 awaiting T+5 | awaiting T+5 | — | — |
Jun 11, 2026 16w ago | Institutional Cluster | $18.24 $18.81 | ▲ +3.13% | ▲ +2.69% | — |
Jun 4, 2026 17w ago | Insider Cluster | $17.15 $18.05 | ▲ +5.25% | ▲ +4.68% | — |
Jun 4, 2026 17w ago | Insider Cluster | $17.15 $18.05 | ▲ +5.25% | ▲ +4.68% | — |
Jun 4, 2026 17w ago | Insider Cluster | $17.15 $18.05 | ▲ +5.25% | ▲ +4.68% | — |
Jun 2, 2026 17w ago | 144 | $16.39 $17.22 | ▲ +5.06% | ▲ +8.88% | — |
Jun 2, 2026 17w ago | 8-K | $16.39 $17.22 | ▲ +5.06% | ▲ +8.88% | — |
May 29, 2026 17w ago | Insider Cluster | $18.39 $17.15 | ▼ −6.74% | ▼ −3.99% | — |
Apr 27, 2026 22w ago | 8-K | $16.87 $16.64 | ▼ −1.36% | ▼ −3.06% | — |
Mar 30, 2026 26w ago | Court Ruling | $13.81 $14.50 | ▲ +5.00% | ▲ +0.70% | — |
US Market Status
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