Nima Ghamsari - Aug 20, 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: Aug 20, 2024
Transactions value $: -$754,502
Form type: 4
Date filed: 8/22/2024, 04:10 PM
Previous filing: Aug 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLND	Class A Common Stock	Options Exercise		+375K	+7.31%		5.51M	Aug 20, 2024	Direct	F1
transaction	BLND	Class A Common Stock	Tax liability	-$755K	-190K	-3.45%	$3.97	5.32M	Aug 20, 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	-375K	-7.69%	$0.00	4.5M	Aug 20, 2024	Class A Common Stock	375K		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.