Nima Ghamsari - 20 Aug 2024 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
HEAD OF BLEND, Director
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 Aug 2024
Net transactions value
-$754,502
Form type
4
Filing time
22 Aug 2024, 16:10:05 UTC
Previous filing
16 Aug 2024
Next filing
22 Nov 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 +375,000 +7.3% 5,506,600 20 Aug 2024 Direct F1
transaction BLND Class A Common Stock Tax liability $754,502 -190,051 -3.5% $3.97 5,316,549 20 Aug 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 -375,000 -7.7% $0.000000 4,500,000 20 Aug 2024 Class A Common Stock 375,000 Direct F1, F3
* 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 four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.