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

Role
Head of Go-To-Market
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
27 Apr 2023
Net transactions value
$0
Form type
3
Filing time
05 May 2023, 16:14:27 UTC
Next filing
07 Sep 2023
SEC
View on sec.gov

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 1,400,000 $2.28 Direct F1
holding BLND Restricted Stock Units 27 Apr 2023 Class A Common Stock 600,000 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