Gerald C. Chen - 20 Jul 2021 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
Director
Signature
/s/ Crystal Sumner, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 Jul 2021
Net transactions value
$0
Form type
4
Filing time
22 Jul 2021, 17:40:29 UTC
Previous filing
15 Jul 2021
Next filing
02 Feb 2022
SEC
View on sec.gov

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 $0 +9,030,775 $0.000000 9,030,775 20 Jul 2021 See footnote F1, F2
transaction BLND Class A Common Stock Conversion of derivative security $0 +501,708 $0.000000 501,708 20 Jul 2021 See footnote F2, F3
transaction BLND Class A Common Stock Conversion of derivative security $0 +501,708 $0.000000 501,708 20 Jul 2021 See footnote F2, F4

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 D Preferred Stock Conversion of derivative security $0 -8,829,213 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 8,829,213 See footnote F1, F2, F5
transaction BLND Series E Preferred Stock Conversion of derivative security $0 -189,334 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 189,334 See footnote F1, F2, F5
transaction BLND Series F Preferred Stock Conversion of derivative security $0 -12,228 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 12,228 See footnote F1, F2, F5
transaction BLND Class B Common Stock Conversion of derivative security $0 +9,030,775 $0.000000 9,030,775 20 Jul 2021 Class A Common Stock 9,030,775 See footnote F1, F2, F5
transaction BLND Class B Common Stock Conversion of derivative security $0 -9,030,775 -100% $0.000000* 0 20 Jul 2021 Class A Common Stock 9,030,775 See footnote F1, F2, F6
transaction BLND Series D Preferred Stock Conversion of derivative security $0 -490,511 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 490,511 See footnote F2, F3, F5
transaction BLND Series E Preferred Stock Conversion of derivative security $0 -10,518 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 10,518 See footnote F2, F3, F5
transaction BLND Series F Preferred Stock Conversion of derivative security $0 -679 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 679 See footnote F2, F3, F5
transaction BLND Class B Common Stock Conversion of derivative security $0 +501,708 $0.000000 501,708 20 Jul 2021 Class A Common Stock 501,708 See footnote F2, F3, F5
transaction BLND Class B Common Stock Conversion of derivative security $0 -501,708 -100% $0.000000* 0 20 Jul 2021 Class A Common Stock 0 See footnote F2, F3, F6
transaction BLND Series D Preferred Stock Conversion of derivative security $0 -490,511 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 490,511 See footnote F2, F4, F5
transaction BLND Series E Preferred Stock Conversion of derivative security $0 -10,518 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 10,518 See footnote F2, F4, F5
transaction BLND Series F Preferred Stock Conversion of derivative security $0 -679 -100% $0.000000* 0 20 Jul 2021 Class B Common Stock 679 See footnote F2, F4, F5
transaction BLND Class B Common Stock Conversion of derivative security $0 +501,708 $0.000000 501,708 20 Jul 2021 Class A Common Stock 501,708 See footnote F2, F4, F5
transaction BLND Class B Common Stock Conversion of derivative security $0 -501,708 -100% $0.000000* 0 20 Jul 2021 Class A Common Stock 0 See footnote F2, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held of record by Greylock 15 Limited Partnership ("Greylock 15").
F2 Greylock 15 GP LLC ("Greylock LLC") is the general partner of each of Greylock 15, Greylock 15 Principals Limited Partnership ("Greylock Principals"), and Greylock 15-A Limited Partnership ("Greylock 15-A"). The Reporting Person disclaims beneficial ownership of all securities other than those he owns directly, if any, or by virtue of his indirect pro rata interest, as a managing member of Greylock LLC, in the Class A common stock owned by Greylock 15, Greylock Principals, and/or Greylock 15-A.
F3 Shares are held of record by Greylock Principals.
F4 Shares are held of record by Greylock 15-A.
F5 Each share of Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock was converted into one share of Class B Common Stock prior to the completion of the Issuer's initial public offering of Class A Common Stock.
F6 Each share of Class B Common Stock was converted into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock.