Oxana Tkach - 20 Aug 2023 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role: Principal Accounting Officer
Signature: /s/ Winnie Ling, Attorney-in-fact
Issuer symbol: BLND
Transactions as of: 20 Aug 2023
Net transactions value: -$540
Form type: 4
Filing time: 21 Aug 2023, 16:33:30 UTC
Previous filing: 18 Aug 2023
Next filing: 23 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLND	Class A Common Stock	Options Exercise		+1,500	+6.6%		24,199	20 Aug 2023	Direct	F1
transaction	BLND	Class A Common Stock	Tax liability	$540	-450	-1.9%	$1.20	23,749	20 Aug 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	-1,500	-14%	$0.000000	9,000	20 Aug 2023	Class A Common Stock	1,500		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.