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

Role
HEAD OF BLEND, Director
Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
Feb 20, 2024
Transactions value $
-$453,896
Form type
4
Date filed
2/22/2024, 04:16 PM
Previous filing
Jan 26, 2024
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock +Options Exercise +375,000 375,000 Feb 20, 2024 Direct F1
transaction BLND Class A Common Stock -Tax liability -$453,896 -146,418 -39.04% $3.10 228,582 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 -375,000 -6.67% $0.00 5,250,000 Feb 20, 2024 Class A Common Stock 375,000 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 four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.