Brian Kneafsey - Apr 29, 2024 Form 3 Insider Report for Blend Labs, Inc. (BLND)

Role
Head of Revenue
Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
Apr 29, 2024
Transactions value $
$0
Form type
3
Date filed
5/8/2024, 04:29 PM
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
holding BLND Class A Common Stock 833,971 Apr 29, 2024 Direct

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
holding BLND Restricted Stock Units Apr 29, 2024 Class A Common Stock 600,000 Direct F1, F2
holding BLND Performance-based Restricted Stock Units Apr 29, 2024 Class A Common Stock 400,000 Direct F3, F4

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 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.
F3 Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F4 The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a five year performance period, subject to the Reporting Person continuing to be a Service Provider through each such date.