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		+37,500	+33.05%		150,975	Oct 11, 2023	Direct	F1
transaction	BLND	Class A Common Stock	-Tax liability	-$11,780	-9,132	-6.05%	$1.29	141,843	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	-37,500	-100%	$0.00	0	Oct 11, 2023	Class A Common Stock	37,500		Direct	F1, F3

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.