Gerald C. Chen - 20 Dec 2023 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
Director
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 Dec 2023
Net transactions value
$0
Form type
4
Filing time
22 Dec 2023, 16:48:08 UTC
Previous filing
04 Jan 2023
Next filing
14 Jun 2024
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 +10,000 10,000 20 Dec 2023 Direct F1
holding BLND Class A Common Stock 9,030,775 20 Dec 2023 See footnote F2, F3
holding BLND Class A Common Stock 501,708 20 Dec 2023 See footnote F3, F4
holding BLND Class A Common Stock 501,708 20 Dec 2023 See footnote F3, F5

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 Award $0 +10,000 $0.000000 10,000 20 Dec 2023 Class A Common Stock 10,000 Direct F1, F6
transaction BLND Restricted Stock Units Options Exercise $0 -10,000 -100% $0.000000* 0 20 Dec 2023 Class A Common Stock 10,000 Direct F1, F6
* 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 are held of record by Greylock 15 Limited Partnership ("Greylock 15").
F3 Greylock 15 GP LLC ("Greylock LLC") is the general partner of each of Greylock 15, Greylock 15 Principals Limited Partnership ("Greylock Principals"), and Greylock 15-A Limited Partnership ("Greylock 15-A"). The Reporting Person disclaims beneficial ownership of all securities other than those he owns directly, if any, or by virtue of his indirect pro rata interest, as a managing member of Greylock LLC, in the Class A common stock owned by Greylock 15, Greylock Principals, and/or Greylock 15-A.
F4 Shares are held of record by Greylock Principals.
F5 Shares are held of record by Greylock 15-A.
F6 The RSUs were fully vested as of the grant date.