Ossa Investments Pte. Ltd. - Jul 15, 2021 Form 3 Insider Report for Blend Labs, Inc. (BLND)

Role
10%+ Owner
Signature
Ossa Investments Pte. Ltd., By: /s/ Han Sack Teng, Director
Stock symbol
BLND
Transactions as of
Jul 15, 2021
Transactions value $
$0
Form type
3
Date filed
7/15/2021, 09:18 PM
Previous filing
Jun 1, 2021
Next filing
Jul 22, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BLND Series E convertible preferred stock Jul 15, 2021 Class B common stock 10.9M Direct F1, F2, F3
holding BLND Series F convertible preferred stock Jul 15, 2021 Class B common stock 926K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of preferred stock is convertible, at the option of the holder, into one share of Class B common stock without payment or further consideration and has no expiration date. Each share of preferred stock will convert into one share of Class B common stock and thereafter into one share of Class A common stock immediately prior to completion of the Issuer's initial public offering without payment or further consideration and has no expiration date.
F2 Immediately prior to the completion of the Issuer's initial public offering of Class A common stock, each share of Class A common stock as currently named will be reclassified into one share of Class B common stock and each share of Class B common stock as currently named will be reclassified into one share of Class A common stock. This Form 3 assumes all shares have been renamed as if such reclassification has already occurred.
F3 The securities reported herein are held of record by Ossa Investments Pte. Ltd. ("Ossa Investments"), which is a direct wholly-owned subsidiary of Hotham Investments Pte. Ltd. ("Hotham"). Hotham is a direct wholly-owned subsidiary of Fullerton Management Pte Ltd ("FMPL"), which in turn is a direct wholly-owned subsidiary of Temasek Holdings (Private) Limited ("Temasek Holdings"). Hotham, FMPL and Temasek Holdings may therefore be deemed to have or share beneficial ownership of the securities held by Ossa Investments.