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

Role
PRINCIPAL ACCOUNTING OFFICER
Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
Aug 20, 2024
Transactions value $
-$32,356
Form type
4
Date filed
8/22/2024, 04:10 PM
Previous filing
Jun 21, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +1.5K +1.59% 95.6K Aug 20, 2024 Direct F1
transaction BLND Class A Common Stock Options Exercise +25K +26.15% 121K Aug 20, 2024 Direct F1
transaction BLND Class A Common Stock Tax liability -$32.4K -8.15K -6.76% $3.97 112K 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 -1.5K -33.33% $0.00 3K Aug 20, 2024 Class A Common Stock 1.5K Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -25K -7.69% $0.00 300K Aug 20, 2024 Class A Common Stock 25K Direct F1, F4
* 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 two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
F4 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.