Ravi Mhatre - Dec 6, 2021 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
10%+ Owner
Signature
/s/ Ravi Mhatre
Stock symbol
BLND
Transactions as of
Dec 6, 2021
Transactions value $
$0
Form type
4
Date filed
12/8/2021, 07:26 PM
Previous filing
Jul 22, 2021
Next filing
Apr 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Other $0 -2.6M -14.93% $0.00 14.8M Dec 6, 2021 By Lightspeed Venture Partners IX, L.P F1, F2
transaction BLND Class A Common Stock Other $0 +82.9K $0.00 82.9K Dec 6, 2021 Direct F3, F4
transaction BLND Class A Common Stock Other $0 +82.9K $0.00 82.9K Dec 6, 2021 Direct F3, F5
transaction BLND Class A Common Stock Other $0 +82.9K $0.00 82.9K Dec 6, 2021 Direct F3, F6
holding BLND Class A Common Stock 6.05M Dec 6, 2021 By Lightspeed Venture Partners Select, L.P. F7
holding BLND Class A Common Stock 2.26M Dec 6, 2021 By Lightspeed Venture Partners Select III, L.P. F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners IX, L.P ("Lightspeed IX") to its general partner and limited partners without additional consideration. The general partner further distributed the shares received in this distribution to its members on a pro rata basis for no consideration.
F2 Shares are held by Lightspeed IX. Lightspeed General Partner IX, L.P. ("LGP IX"), is the general partner of Lightspeed IX. Lightspeed Ultimate General Partner IX, Ltd. ("LUGP IX") is the general partner of LGP IX. Barry Eggers, Ravi Mhatre, and Peter Nieh are the directors of LUGP IX and share voting and dispositive power with respect to the shares held by Lightspeed IX. Each of Messrs. Eggers, Mhatre, and Nieh disclaims beneficial ownership of the shares held by Lightspeed IX except to the extent of his respective pecuniary interest therein.
F3 Represents receipt of shares in the distribution in kind described in footnote (1).
F4 Shares are held by Ravi Mhatre.
F5 Shares are held by Barry Eggers.
F6 Shares are held by Peter Nieh.
F7 Shares are held by Lightspeed Venture Partners Select, L.P. ("Lightspeed Select"). Lightspeed General Partner Select, L.P. ("LGP Select") is the general partner of Lightspeed Select. Lightspeed Ultimate General Partner Select, Ltd. ("LUGP Select") is the general partner of LGP Select. Barry Eggers, Ravi Mhatre and Peter Nieh are directors of LUGP Select and share voting and dispositive power with respect to the shares held by Lightspeed Select. Each of Messrs. Eggers, Mhatre, and Nieh disclaims beneficial ownership of the shares held by Lightspeed Select except to the extent of his respective pecuniary interest therein.
F8 Shares are held by Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III"). Lightspeed General Partner Select III, L.P. ("LGP Select III") is the general partner of Lightspeed Select III. Lightspeed Ultimate General Partner Select III, Ltd ("LUGP Select III") is the general partner of LGP Select III. Barry Eggers, Ravi Mhatre, and Peter Nieh are directors of LUGP Select III and share voting and dispositive power with respect to the shares held by Lightspeed Select III. Each of Messrs. Eggers, Mhatre, and Nieh disclaims beneficial ownership of the shares held by Lightspeed Select III except to the extent of his respective pecuniary interest therein.