Oxana Tkach - 20 Feb 2025 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
PRINCIPAL ACCOUNTING OFFICER
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 Feb 2025
Net transactions value
-$37,909
Form type
4
Filing time
21 Feb 2025, 18:58:40 UTC
Previous filing
23 Dec 2024
Next filing
14 Mar 2025
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 +1,500 +1.8% 85,930 20 Feb 2025 Direct F1
transaction BLND Class A Common Stock Options Exercise +25,000 +29% 110,930 20 Feb 2025 Direct F1
transaction BLND Class A Common Stock Tax liability $37,909 -9,501 -8.6% $3.99 101,429 20 Feb 2025 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 -1,500 -100% $0.000000 0 20 Feb 2025 Class A Common Stock 1,500 Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -25,000 -9.1% $0.000000 250,000 20 Feb 2025 Class A Common Stock 25,000 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.