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

Role
HEAD OF LEGAL AND PEOPLE
Signature
/s/ Winnie Ling
Stock symbol
BLND
Transactions as of
May 20, 2024
Transactions value $
-$85,440
Form type
4
Date filed
5/22/2024, 04:15 PM
Previous filing
Mar 21, 2024
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +25K +11.99% 234K May 20, 2024 Direct F1
transaction BLND Class A Common Stock Options Exercise +50K +21.41% 284K May 20, 2024 Direct F1
transaction BLND Class A Common Stock Tax liability -$85.4K -27K -9.54% $3.16 256K 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 -25K -25% $0.00 75K May 20, 2024 Class A Common Stock 25K Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -50K -16.67% $0.00 250K May 20, 2024 Class A Common Stock 50K 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 two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.