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

Role
Head of Legal
Signature
/s/ Winnie Ling
Issuer symbol
BLND
Transactions as of
20 Nov 2023
Net transactions value
-$34,068
Form type
4
Filing time
22 Nov 2023, 18:06:00 UTC
Previous filing
22 Sep 2023
Next filing
22 Dec 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 +25,000 +23% 132,421 20 Nov 2023 Direct F1
transaction BLND Class A Common Stock Options Exercise +50,000 +38% 182,421 20 Nov 2023 Direct F1
transaction BLND Class A Common Stock Tax liability $34,068 -27,038 -15% $1.26 155,383 20 Nov 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 -25,000 -17% $0.000000 125,000 20 Nov 2023 Class A Common Stock 25,000 Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -50,000 -12% $0.000000 350,000 20 Nov 2023 Class A Common Stock 50,000 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.