Nima Ghamsari - May 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
May 20, 2024
Transactions value $
-$600,558
Form type
4
Date filed
5/22/2024, 04:15 PM
Previous filing
May 15, 2024
Next filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +375K 375K May 20, 2024 Direct F1
transaction BLND Class A Common Stock Tax liability -$601K -190K -50.68% $3.16 185K May 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 -375K -7.14% $0.00 4.88M May 20, 2024 Class A Common Stock 375K 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 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.