Nima Ghamsari - Jun 25, 2024 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role: HEAD OF BLEND, Director
Signature: /s/ Winnie Ling, Attorney-in-fact
Stock symbol: BLND
Transactions as of: Jun 25, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/27/2024, 04:05 PM
Previous filing: Jun 12, 2024
Next filing: Jul 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLND	Class A Common Stock	Other	$0	+553K	+17.82%	$0.00	3.66M	Jun 25, 2024	Direct	F1

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	Class B Common Stock	Other	$0	-553K	-10.48%	$0.00	4.72M	Jun 25, 2024	Class A Common Stock	553K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Upon conversion of the shares of Class B Common Stock, the Reporting Person pledged an equal number of shares of Class A Common Stock as collateral to secure certain personal indebtedness.
F2	Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.
F3	The shares of Class B Common Stock held of record by the Reporting Person are pledged as collateral to secure certain personal indebtedness of the Reporting Person.