Nima Ghamsari - 20 Dec 2021 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role: Head of Blend, Director
Signature: /s/ Crystal Sumner, Attorney-in-fact
Issuer symbol: BLND
Transactions as of: 20 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 22 Dec 2021, 19:30:16 UTC
Previous filing: 22 Jul 2021
Next filing: 02 Jun 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	Other	$0	+250,000		$0.000000	250,000	20 Dec 2021	Direct	F1

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	Class B Common Stock	Gift	$0	-500,000	-3.9%	$0.000000	12,383,331	20 Dec 2021	Class A Common Stock	500,000		Direct	F2
transaction	BLND	Class B Common Stock	Other	$0	-250,000	-2%	$0.000000	12,133,331	20 Dec 2021	Class A Common Stock	250,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares of Class B Common Stock were exchanged at a 1:1 ratio for shares of Class A Common Stock at the election of the Reporting Person.
F2	Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.