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

Role
HEAD OF LEGAL
Signature
/s/ Winnie Ling
Issuer symbol
BLND
Transactions as of
20 Mar 2024
Net transactions value
-$6,591
Form type
4
Filing time
21 Mar 2024, 16:05:33 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 +5,625 +2.7% 210,559 20 Mar 2024 Direct F1
transaction BLND Class A Common Stock Tax liability $6,591 -2,028 -0.96% $3.25 208,531 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 -5,625 -33% $0.000000 11,250 20 Mar 2024 Class A Common Stock 5,625 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.