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 +25,000 +11.99% 233,531 May 20, 2024 Direct F1
transaction BLND Class A Common Stock +Options Exercise +50,000 +21.41% 283,531 May 20, 2024 Direct F1
transaction BLND Class A Common Stock -Tax liability -$85,440 -27,038 -9.54% $3.16 256,493 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 -25,000 -25% $0.00 75,000 May 20, 2024 Class A Common Stock 25,000 Direct F1, F3
transaction BLND Restricted Stock Units -Options Exercise $0 -50,000 -16.67% $0.00 250,000 May 20, 2024 Class A Common Stock 50,000 Direct F1, F3

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.