Winnie Ling - Nov 20, 2023 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
Head of Legal
Signature
/s/ Winnie Ling
Stock symbol
BLND
Transactions as of
Nov 20, 2023
Transactions value $
-$34,068
Form type
4
Date filed
11/22/2023, 06:06 PM
Previous filing
Sep 22, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +25K +23.27% 132K Nov 20, 2023 Direct F1
transaction BLND Class A Common Stock Options Exercise +50K +37.76% 182K Nov 20, 2023 Direct F1
transaction BLND Class A Common Stock Tax liability -$34.1K -27K -14.82% $1.26 155K Nov 20, 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 -25K -16.67% $0.00 125K Nov 20, 2023 Class A Common Stock 25K Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -50K -12.5% $0.00 350K Nov 20, 2023 Class A Common Stock 50K 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 will 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.