LC LendingClub Corp
Price Chart
Executive Summary
LendingClub CEO Scott Sanborn sold $426K worth of stock on June 2, while CFO Andrew LaBenne and General Counsel Jordan Cheng sold a combined $434K on May 28. The total insider selling of $860K represents 0.045% of LC's $1.9B market cap, which is trivial. The CEO sale is notable but the dollar amount is immaterial relative to company size. The cluster is accompanied by routine director stock grants (non-cash, $0 value) on the same day as the CEO sale, suggesting a coordinated equity award event rather than a bearish signal.
Key Financial Metrics
Actionable Insight
Insider selling is trivial relative to market cap and likely driven by routine portfolio diversification or tax planning. The CEO sale on the same day as director grants suggests a coordinated equity event rather than a bearish signal. Monitor next earnings for any guidance changes, but this cluster alone does not warrant action.
Key Facts
- CEO Sanborn sold 23,851 shares at $17.86 for $426K on June 2
- CFO LaBenne sold 20,000 shares at $17.00 for $340K on May 28
- General Counsel Cheng sold 5,500 shares at $17.00 for $94K on May 28
- Total insider selling of $860K is 0.045% of LC's $1.9B market cap
- Seven directors received 13,715 shares each in non-cash grants on June 2
- Recent 30-day insider activity shows 3 sells totaling $860K (this cluster)
Financial Impact
Total insider selling of $860K, representing 0.045% of market cap — immaterial
Risk Factors
- CEO selling alongside director grants could be interpreted negatively by some market participants
- If the company reports weak earnings in the next quarter, these sales may be viewed as prescient
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LC-1780608847844 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $17.36 awaiting T+1 | awaiting T+1 | — | $18.05 (+4.00%) |
|
Jun 4, 2026
10d ago
|
Insider Cluster
| $17.40 awaiting T+1 | awaiting T+1 | — | $18.05 (+3.74%) |
|
Jun 4, 2026
10d ago
|
Insider Cluster
| $17.40 awaiting T+1 | awaiting T+1 | — | $18.05 (+3.74%) |
|
Jun 4, 2026
10d ago
|
Insider Cluster
| $17.40 awaiting T+1 | awaiting T+1 | — | $18.05 (+3.74%) |
|
Jun 2, 2026
12d ago
|
144
| $16.39 $17.57 | ▲ +7.20% | ▲ +6.80% | $18.05 (+10.13%) |
|
Jun 2, 2026
12d ago
|
8-K
| $16.39 $17.57 | ▲ +7.20% | ▲ +6.79% | $18.05 (+10.13%) |
|
May 29, 2026
16d ago
|
Insider Cluster
| $18.39 $17.50 | ▼ −4.84% | ▼ −4.98% | $18.05 (−1.85%) |
|
Apr 27, 2026
6w ago
|
8-K
| $16.87 $16.74 | ▼ −0.78% | ▼ −0.77% | $18.05 (+6.99%) |
|
Mar 30, 2026
11w ago
|
Court Ruling
| $13.81 $14.32 | ▲ +3.69% | ▲ +0.80% | $18.05 (+30.70%) |
|
Mar 27, 2026
11w ago
|
Institutional Cluster
| $13.87 $13.81 | ▼ −0.43% | ▼ −0.07% | $18.05 (+30.14%) |
US Market Status
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