On April 13, 2022, Susan Athey notified LendingClub Corporation (the “Company”) of her intention to not stand for re-election to the Company's Board of Directors (the “Board”) at the Company's 2022 annual meeting of stockholders on June 2, 2022 (the “2022 Annual Meeting”). Accordingly, as of the 2022 Annual Meeting, Ms. Athey will complete her existing term and cease to be an ongoing member of the Board or any committee of the Board. Ms. Athey is currently chair of the Board's Nominating and Corporate Governance Committee (the “Nom-Gov Committee”) and a member of the Board's Operational Risk Committee.

Effective as of the 2022 Annual Meeting, Michael Zeisser will serve as chair of the Nom-Gov Committee. Ms. Athey has served on the Board for a number of years and has provided invaluable support and expertise to the Company; however, she has decided to pursue other interests and opportunities. Ms. Athey's decision to not stand for re-election to the Board was not as a result of any disagreement with the Company.

Retaining a diverse Board remains an important consideration as the Company contemplates future appointments.