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

Role
PRINCIPAL ACCOUNTING OFFICER
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 May 2024
Net transactions value
-$25,754
Form type
4
Filing time
22 May 2024, 16:15:28 UTC
Previous filing
21 Mar 2024
Next filing
21 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +1,500 +2.1% 72,996 20 May 2024 Direct F1
transaction BLND Class A Common Stock Options Exercise +25,000 +34% 97,996 20 May 2024 Direct F1
transaction BLND Class A Common Stock Tax liability $25,754 -8,150 -8.3% $3.16 89,846 20 May 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 -1,500 -25% $0.000000 4,500 20 May 2024 Class A Common Stock 1,500 Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -25,000 -7.1% $0.000000 325,000 20 May 2024 Class A Common Stock 25,000 Direct F1, 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 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.
F4 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.