Srinivasan Venkatramani - 29 Jan 2025 Form 4 Insider Report for Blend Labs, Inc. (BLND)

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	Award	$0	+1,300,000		$0.000000	1,300,000	29 Jan 2025	Class A Common Stock	1,300,000		Direct	F1, F2
transaction	BLND	Performance-based Restricted Stock Units	Award	$0	+1,300,000		$0.000000	1,300,000	29 Jan 2025	Class A Common Stock	1,300,000		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F2	1/4th of the RSUs will vest on February 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
F3	Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F4	The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a performance period commencing on the grant date and ending December 31, 2029, subject to the Reporting Person continuing to be a Service Provider through each such date.