Winnie Ling - Aug 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
Aug 20, 2023
Transactions value $
-$16,709
Form type
4
Date filed
8/21/2023, 04:32 PM
Previous filing
Jun 22, 2023
Next filing
Aug 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock +Options Exercise +13,622 +17.22% 92,748 Aug 20, 2023 Direct F1
transaction BLND Class A Common Stock +Options Exercise +25,000 +26.95% 117,748 Aug 20, 2023 Direct F1
transaction BLND Class A Common Stock -Tax liability -$16,709 -13,924 -11.83% $1.20 103,824 Aug 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 -13,622 -100% $0.00 0 Aug 20, 2023 Class A Common Stock 13,622 Direct F1, F3
transaction BLND Restricted Stock Units -Options Exercise $0 -25,000 -14.29% $0.00 150,000 Aug 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.