On July 6, 2021, LendingClub Corporation and Bahman Koohestani agreed upon the terms of his termination of employment by the Company without cause. His final day of employment with the Company will be September 1, 2021. In connection with his departure and subject to the execution of a release of claims against the Company, Mr. Koohestani is entitled to the previously negotiated severance payments set forth in his employment agreement and as detailed in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on April 20, 2021.