Dean Klinger - Oct 11, 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
Oct 11, 2023
Transactions value $
-$11,780
Form type
4
Date filed
10/12/2023, 06:12 PM
Previous filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +37.5K +33.05% 151K Oct 11, 2023 Direct F1
transaction BLND Class A Common Stock Tax liability -$11.8K -9.13K -6.05% $1.29 142K Oct 11, 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 -37.5K -100% $0.00* 0 Oct 11, 2023 Class A Common Stock 37.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Dean Klinger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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.