Oxana Tkach - 20 Mar 2024 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 Mar 2024
Net transactions value: -$7,199
Form type: 4
Filing time: 21 Mar 2024, 16:05:29 UTC
Previous filing: 22 Feb 2024
Next filing: 22 May 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		+6,142	+9.1%		73,711	20 Mar 2024	Direct	F1
transaction	BLND	Class A Common Stock	Tax liability	$7,199	-2,215	-3%	$3.25	71,496	20 Mar 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	-6,142	-33%	$0.000000	12,285	20 Mar 2024	Class A Common Stock	6,142		Direct	F1, F3

* 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 vest in equal quarterly increments over an 18 month period, subject to the Reporting Person continuing to be a Service Provider through each such date.