Tianqiao Chen’s Holdings in Lending Club Include Sizable Call Options

May 31, 2016 @ 10:33 am By JD Alois

It was reported earlier this month that billionaire Tianqiao Chen, founder of Shanda Interactive Entertainment, had taken a significant stake in Lending Club (NYSE:LC). Shares of Lending Club have cratered since the resignation of former CEO Renaud Laplanche. The move by Chen appeared to be an opportunity to take advantage of the discount in the price of the company.

Today an SEC filing, regarding beneficial ownership of Lending Club, indicates that Tianqiao Chen also owns a good amount of options on Lending Club. Chen controls a whopping 15.7 million in call options at an exercise price of $3 to $4 per share. The options expire on June 17, 2016.

These options are on top of the 29,047,930 in Lending Club stock he owns. With the shares trading over $4/share today – these options may end up as a profitable move.

See the filing below.

[scribd id=314368188 key=key-VGWeL0uYM68dcVvHWX9s mode=scroll]

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 24, 2026 vs Jan 1, 2025 - Oct 24, 2025

Number of Filings131Prior 126 +4.0%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	126	+4.0%
Target raise	$3.40B	$3.54B	-3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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