Winnie Ling - 10 Dec 2024 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Signature
/s/ Winnie Ling
Issuer symbol
BLND
Transactions as of
10 Dec 2024
Net transactions value
-$76,050
Form type
4
Filing time
12 Dec 2024, 18:59:03 UTC
Previous filing
22 Nov 2024
Next filing
23 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Sale $76,050 -15,000 -5.6% $5.07 250,881 10 Dec 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 7, 2024.