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

Role
Head of Legal
Signature
/s/ Winnie Ling
Stock symbol
BLND
Transactions as of
Apr 27, 2023
Transactions value $
$0
Form type
3
Date filed
5/5/2023, 04:13 PM
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BLND Class A Common Stock 50.7K Apr 27, 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) Apr 27, 2023 Class A Common Stock 62.9K $14.01 Direct F1
holding BLND Restricted Stock Units Apr 27, 2023 Class A Common Stock 27.2K Direct F2, F3
holding BLND Restricted Stock Units Apr 27, 2023 Class A Common Stock 33.8K Direct F3, F4
holding BLND Restricted Stock Units Apr 27, 2023 Class A Common Stock 200K 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