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

Role
Principal Accounting Officer
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 Nov 2023
Net transactions value
-$10,302
Form type
4
Filing time
22 Nov 2023, 18:06:37 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 +1,500 +5.3% 29,552 20 Nov 2023 Direct F1
transaction BLND Class A Common Stock Options Exercise +25,000 +85% 54,552 20 Nov 2023 Direct F1
transaction BLND Class A Common Stock Tax liability $10,302 -8,176 -15% $1.26 46,376 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 -1,500 -17% $0.000000 7,500 20 Nov 2023 Class A Common Stock 1,500 Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -25,000 -6.2% $0.000000 375,000 20 Nov 2023 Class A Common Stock 25,000 Direct F1, F4
* 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.
F4 The RSUs will vest in equal quarterly increments over a four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.