Winnie Ling - May 20, 2023 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
Head of Legal
Signature
/s/ Winnie Ling
Stock symbol
BLND
Transactions as of
May 20, 2023
Transactions value $
-$12,831
Form type
4
Date filed
5/23/2023, 04:30 PM
Previous filing
May 5, 2023
Next filing
Jun 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock +Options Exercise +13,621 +26.86% 64,341 May 20, 2023 Direct F1
transaction BLND Class A Common Stock +Options Exercise +25,000 +38.86% 89,341 May 20, 2023 Direct F1
transaction BLND Class A Common Stock -Tax liability -$12,831 -13,812 -15.46% $0.93 75,529 May 20, 2023 Direct F2

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
transaction BLND Restricted Stock Units -Options Exercise $0 -13,621 -50% $0.00 13,622 May 20, 2023 Class A Common Stock 13,621 Direct F1, F3
transaction BLND Restricted Stock Units -Options Exercise $0 -25,000 -12.5% $0.00 175,000 May 20, 2023 Class A Common Stock 25,000 Direct F1, F4

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F2 Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
F3 The 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.
F4 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.