Winnie Ling - 27 Apr 2023 Form 3 Insider Report for Blend Labs, Inc. (BLND)

Role
Head of Legal
Signature
/s/ Winnie Ling
Issuer symbol
BLND
Transactions as of
27 Apr 2023
Net transactions value
$0
Form type
3
Filing time
05 May 2023, 16:13:29 UTC
Next filing
23 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BLND Class A Common Stock 50,720 27 Apr 2023 Direct

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
holding BLND Stock Option (right to buy) 27 Apr 2023 Class A Common Stock 62,862 $14.01 Direct F1
holding BLND Restricted Stock Units 27 Apr 2023 Class A Common Stock 27,243 Direct F2, F3
holding BLND Restricted Stock Units 27 Apr 2023 Class A Common Stock 33,750 Direct F3, F4
holding BLND Restricted Stock Units 27 Apr 2023 Class A Common Stock 200,000 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/4th of the shares subject to this option vested on April 6, 2022, and 1/48th of the shares vest monthly thereafter, subject to the Reporting Person continuing to be a Service Provider through each such date.
F2 The Restricted Stock Units ("RSUs") vest in equal quarterly increments over a one year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of BLND Class A Common Stock.
F4 The RSUs vest in equal quarterly increments over an 18 month period, subject to the Reporting Person continuing to be a Service Provider through each such date.
F5 The RSUs vest in equal quarterly increments over a two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

Remarks:

Exhibit 24 - Power of Attorney