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

Role
Head of Go-To-Market
Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
Apr 27, 2023
Transactions value $
$0
Form type
3
Date filed
5/5/2023, 04:14 PM
Next filing
Sep 7, 2023

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 1.4M $2.28 Direct F1
holding BLND Restricted Stock Units Apr 27, 2023 Class A Common Stock 600K Direct F2, F3
* 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 will vest on September 6, 2023, 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 1/4th of the Restricted Stock Units ("RSUs") will vest on September 6, 2023, and the remaining RSUs will vest in equal quarterly increments over a three 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.

Remarks:

Exhibit 24 - Power of Attorney