Winnie Ling - Feb 20, 2024 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
HEAD OF LEGAL
Signature
/s/ Winnie Ling
Stock symbol
BLND
Transactions as of
Feb 20, 2024
Transactions value $
-$90,043
Form type
4
Date filed
2/22/2024, 04:15 PM
Previous filing
Dec 22, 2023
Next filing
Mar 21, 2024

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 +15.73% 183,980 Feb 20, 2024 Direct F1
transaction BLND Class A Common Stock +Options Exercise +50,000 +27.18% 233,980 Feb 20, 2024 Direct F1
transaction BLND Class A Common Stock -Tax liability -$90,043 -29,046 -12.41% $3.10 204,934 Feb 20, 2024 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 -20% $0.00 100,000 Feb 20, 2024 Class A Common Stock 25,000 Direct F1, F3
transaction BLND Restricted Stock Units -Options Exercise $0 -50,000 -14.29% $0.00 300,000 Feb 20, 2024 Class A Common Stock 50,000 Direct F1, F3

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.