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

Role
Director
Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
Dec 20, 2023
Transactions value $
$0
Form type
4
Date filed
12/22/2023, 04:48 PM
Previous filing
Jan 4, 2023
Next filing
Jun 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +10K 10K Dec 20, 2023 Direct F1
holding BLND Class A Common Stock 9.03M Dec 20, 2023 See footnote F2, F3
holding BLND Class A Common Stock 502K Dec 20, 2023 See footnote F3, F4
holding BLND Class A Common Stock 502K Dec 20, 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 +10K $0.00 10K Dec 20, 2023 Class A Common Stock 10K Direct F1, F6
transaction BLND Restricted Stock Units Options Exercise $0 -10K -100% $0.00* 0 Dec 20, 2023 Class A Common Stock 10K 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.