Amir Jafari - May 13, 2024 Form 4/A Insider Report for Blend Labs, Inc. (BLND)

Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
May 13, 2024
Transactions value $
$16,562
Form type
4/A
Date filed
6/14/2024, 04:30 PM
Date Of Original Report
May 14, 2024
Previous filing
Apr 15, 2024
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Purchase $16.6K +5.59K +1.16% $2.97 488K May 13, 2024 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023.
F2 Amended because the number of shares reported in the original Form 4 was overstated due to inadvertent broker error.
F3 This purchase price represents the weighted average purchase price of the shares acquired ranging from $2.955 to $2.985 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares purchased at each separate price within the range set forth in this Form 4.
F4 Holdings as of the filing date of this Form 4/A.