Winnie Ling - 20 Sep 2024 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role: HEAD OF LEGAL AND PEOPLE
Signature: /s/ Winnie Ling
Issuer symbol: BLND
Transactions as of: 20 Sep 2024
Net transactions value: -$11,431
Form type: 4
Filing time: 24 Sep 2024, 16:05:18 UTC
Previous filing: 13 Sep 2024
Next filing: 27 Sep 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		+5,625	+2%		292,041	20 Sep 2024	Direct	F1
transaction	BLND	Class A Common Stock	Tax liability	$11,431	-2,872	-0.98%	$3.98	289,169	20 Sep 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	-5,625	-100%	$0.000000	0	20 Sep 2024	Class A Common Stock	5,625		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 vest in equal quarterly increments over an 18 month period, subject to the Reporting Person continuing to be a Service Provider through each such date.