Ossa Investments Pte. Ltd. - Jul 20, 2021 Form 4 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 20, 2021
Transactions value $
$0
Form type
4
Date filed
7/22/2021, 06:06 AM
Previous filing
Jul 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A common stock Conversion of derivative security +11.9M 11.9M Jul 20, 2021 Direct F1, F2, F3

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
transaction BLND Series E convertible preferred stock Conversion of derivative security -10.9M -100% 0 Jul 20, 2021 Class B common stock 10.9M Direct F1, F2, F3
transaction BLND Series F convertible preferred stock Conversion of derivative security -926K -100% 0 Jul 20, 2021 Class B common stock 926K Direct F1, F2, F3
transaction BLND Class B common stock Conversion of derivative security +11.9M 11.9M Jul 20, 2021 Class A common stock 11.9M Direct F1, F2, F3
transaction BLND Class B common stock Conversion of derivative security -11.9M -100% 0 Jul 20, 2021 Class A common stock 11.9M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ossa Investments Pte. Ltd. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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 then named was reclassified into one share of Class B common stock and each share of Class B common stock as then named was reclassified into one share of Class A common stock. This Form 4 assumes all shares had been renamed as if such reclassification had already occurred.
F2 Immediately prior to the completion of the Issuer's initial public offering of Class A common stock on July 20, 2021, each share of preferred stock automatically converted into one share of Class B common stock and thereafter into one share of Class A common stock without payment or further consideration and has no expiration date.
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.