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						834K	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	600K		Direct	F1, F2
holding	BLND	Performance-based Restricted Stock Units							Apr 29, 2024	Class A Common Stock	400K		Direct	F3, F4

* 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	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.