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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
26 Aug 2022, 16:04:43 UTC
Prior SEC filing
24 Aug 2022
Next SEC filing
08 Sep 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Crystal Sumner

Key filing fact

Crystal Sumner filed Form 4 for Blend Labs, Inc. (BLND) on 26 Aug 2022.

Key facts

  • This page summarizes Crystal Sumner's Form 4 filing for Blend Labs, Inc. (BLND).
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 26 Aug 2022, 16:04.

Change

  • Previous filing in this sequence was filed on 24 Aug 2022.
  • Current net transaction value: -$165,002.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BLND transaction

Class A Common Stock

Options Exercise

Transaction value
$6,977
Shares
+12,920
Change %
+2%
Price
$0.5400
Shares after
647,403
Date
24 Aug 2022
Ownership
Direct
Footnotes
F1
BLND transaction

Class A Common Stock

Sale

Transaction value
$139,559
Shares
-47,631
Change %
-7.4%
Price
$2.93
Shares after
599,772
Date
24 Aug 2022
Ownership
Direct
Footnotes
F1, F2, F3
BLND transaction

Class A Common Stock

Options Exercise

Transaction value
$6,977
Shares
+12,920
Change %
+2.2%
Price
$0.5400
Shares after
612,692
Date
25 Aug 2022
Ownership
Direct
Footnotes
F1
BLND transaction

Class A Common Stock

Sale

Transaction value
$39,397
Shares
-12,920
Change %
-2.1%
Price
$3.05
Shares after
599,772
Date
25 Aug 2022
Ownership
Direct
Footnotes
F1, F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BLND transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
$0
Shares
-12,920
Change %
-47%
Price
$0.000000
Shares after
14,369
Date
24 Aug 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
12,920
Exercise price
$0.5400
Footnotes
F5
BLND transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
$0
Shares
-12,920
Change %
-90%
Price
$0.000000
Shares after
1,449
Date
25 Aug 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
12,920
Exercise price
$0.5400
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Certain of these shares are represented by previously reported RSUs.

Footnote F2

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

Footnote 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.

Footnote 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.

Footnote F5

The shares subject to this option are fully vested and immediately exercisable.

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