The dollar amount is too small relative to market cap to signal anything material. Monitor for any material news (earnings, regulatory, credit quality) that could explain the timing, but this cluster alone does not warrant a trading action.
Price Chart
Executive Summary
Three top LendingClub executives — CEO, CFO, and General Counsel — sold a combined $860K in open-market sales over a 7-day window. The CEO's $426K sale on June 2 and the CFO's $340K sale on May 28 are the largest. At ~0.045% of market cap, the total is well below the 0.1% materiality threshold, making this a routine liquidity/vesting-driven cluster with no bearish signal.
Key Financial Metrics
Key Facts
- CEO Sanborn Scott sold 23,851 shares at $17.86 for $426K on June 2
- CFO Andrew LaBenne sold 20,000 shares at $17.00 for $340K on May 28
- General Counsel Jordan Cheng sold 5,500 shares at $17.00 for $94K on May 28
- Total cluster value of $860K represents ~0.045% of LC's $1.9B market cap
- Sales are open-market (code S), not tax-withholding or derivative exercises
- No insider purchases in the cluster — net direction is selling
Financial Impact
Total insider sales of $860K, or ~0.045% of market cap — immaterial relative to company size
Risk Factors
- CEO and CFO selling simultaneously could be misinterpreted by the market as a negative signal, but the dollar amount is trivial
- If the company reports weak earnings or credit losses in the next quarter, these sales could be viewed as opportunistic in hindsight
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LC-1780607862218 |
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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