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

Role: Head of Blend, Director
Signature: /s/ Crystal Sumner, Attorney-in-fact
Stock symbol: BLND
Transactions as of: Dec 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/22/2021, 07:30 PM
Previous filing: Jul 22, 2021
Next filing: Jun 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLND	Class A Common Stock	Other	$0	+250K		$0.00	250K	Dec 20, 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	-500K	-3.88%	$0.00	12.4M	Dec 20, 2021	Class A Common Stock	500K		Direct	F2
transaction	BLND	Class B Common Stock	Other	$0	-250K	-2.02%	$0.00	12.1M	Dec 20, 2021	Class A Common Stock	250K		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.