Dean Klinger - Sep 6, 2023 Form 4 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
Sep 6, 2023
Transactions value $
-$42,004
Form type
4
Date filed
9/7/2023, 06:26 PM
Previous filing
May 5, 2023
Next filing
Oct 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock +Options Exercise +150,000 150,000 Sep 6, 2023 Direct F1
transaction BLND Class A Common Stock -Tax liability -$42,004 -36,525 -24.35% $1.15 113,475 Sep 6, 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 -150,000 -25% $0.00 450,000 Sep 6, 2023 Class A Common Stock 150,000 Direct F1, F3

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 1/4th of the RSUs vested 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.