Crystal Sumner - Aug 24, 2022 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
Head of Legal, Compliance,Risk
Signature
/s/ Crystal Sumner
Stock symbol
BLND
Transactions as of
Aug 24, 2022
Transactions value $
-$165,002
Form type
4
Date filed
8/26/2022, 04:04 PM
Previous filing
Aug 24, 2022
Next filing
Sep 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise $6.98K +12.9K +2.04% $0.54 647K Aug 24, 2022 Direct F1
transaction BLND Class A Common Stock Sale -$140K -47.6K -7.36% $2.93 600K Aug 24, 2022 Direct F1, F2, F3
transaction BLND Class A Common Stock Options Exercise $6.98K +12.9K +2.15% $0.54 613K Aug 25, 2022 Direct F1
transaction BLND Class A Common Stock Sale -$39.4K -12.9K -2.11% $3.05 600K Aug 25, 2022 Direct F1, 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 Stock Option (right to buy) Options Exercise $0 -12.9K -47.35% $0.00 14.4K Aug 24, 2022 Class A Common Stock 12.9K $0.54 Direct F5
transaction BLND Stock Option (right to buy) Options Exercise $0 -12.9K -89.92% $0.00 1.45K Aug 25, 2022 Class A Common Stock 12.9K $0.54 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Certain of these shares are represented by previously reported RSUs.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 This sale price represents the weighted average sale price of the shares sold ranging from $2.82 to $3.045 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $2.98 to $3.12 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F5 The shares subject to this option are fully vested and immediately exercisable.