Gerald C. Chen - Jun 12, 2024 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
Director
Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
Jun 12, 2024
Transactions value $
$0
Form type
4
Date filed
6/14/2024, 04:20 PM
Previous filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +27.8K +277.6% 37.8K Jun 12, 2024 Direct F1
holding BLND Class A Common Stock 9.03M Jun 12, 2024 See footnote F2, F3
holding BLND Class A Common Stock 502K Jun 12, 2024 See footnote F3, F4
holding BLND Class A Common Stock 502K Jun 12, 2024 See footnote F3, F5

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 Award $0 +27.8K $0.00 27.8K Jun 12, 2024 Class A Common Stock 27.8K Direct F1, F6
transaction BLND Restricted Stock Units Options Exercise $0 -27.8K -100% $0.00* 0 Jun 12, 2024 Class A Common Stock 27.8K Direct F1, F6
transaction BLND Restricted Stock Units Award $0 +50K $0.00 50K Jun 12, 2024 Class A Common Stock 50K Direct F1, F7
* 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 are held of record by Greylock 15 Limited Partnership ("Greylock 15").
F3 Greylock 15 GP LLC ("Greylock LLC") is the general partner of each of Greylock 15, Greylock 15 Principals Limited Partnership ("Greylock Principals"), and Greylock 15-A Limited Partnership ("Greylock 15-A"). The Reporting Person disclaims beneficial ownership of all securities other than those he owns directly, if any, or by virtue of his indirect pro rata interest, as a managing member of Greylock LLC, in the Class A common stock owned by Greylock 15, Greylock Principals, and/or Greylock 15-A.
F4 Shares are held of record by Greylock Principals.
F5 Shares are held of record by Greylock 15-A.
F6 The RSUs were fully vested as of the grant date.
F7 The RSUs will vest on the earlier of (i) the one year anniversary of the grant date, or (ii) the day prior to the date of the Issuer's next annual meeting of shareholders, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date.