Dean Klinger - 11 Oct 2023 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
Head of Go-To-Market
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
11 Oct 2023
Net transactions value
-$11,780
Form type
4
Filing time
12 Oct 2023, 18:12:43 UTC
Previous filing
07 Sep 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 +37,500 +33% 150,975 11 Oct 2023 Direct F1
transaction BLND Class A Common Stock Tax liability $11,780 -9,132 -6% $1.29 141,843 11 Oct 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 -37,500 -100% $0.000000* 0 11 Oct 2023 Class A Common Stock 37,500 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.