John Mack Purchases Shares in LendingClub

February 23, 2018 @ 5:49 pm By JD Alois

John Mack, a member of the Board of Directors of LendingClub (NYSE:LC), has purchased additional shares in the marketplace lending platform, according to a Form 4 filed with the Securities and Exchange Commission.

According to the document, 50,000 shares were purchased in multiple trades during the day at prices ranging from $3.825 to $3.83. The transaction date was February 22nd, just after the LendingClub’s earnings announcement that was not well received by Wall Street. This share purchase appears to be separate from annual equity awards given to LendingClub directors.

And why is this important? Because it is John Mack, a legend on Wall Street who was at one time CEO of Morgan Stanley. The investment comes at time when LendingClub could use a little bit of a boost as shares are trading near their 52 week low and far below their IPO price from several years ago.

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 23, 2026 vs Jan 1, 2025 - Oct 23, 2025

Number of Filings131Prior 125 +4.8%

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

	This YTD	Year prior	Change
Filings	131	125	+4.8%
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.

0 0 votes

Article Rating

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 Comment

Newest

Oldest Most Voted