Oxana Tkach - 13 Mar 2025 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
13 Mar 2025
Net transactions value
$0
Form type
4
Filing time
14 Mar 2025, 16:20:08 UTC
Previous filing
21 Feb 2025
Next filing
22 May 2025

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 +100,000 $0.000000 100,000 13 Mar 2025 Class A Common Stock 100,000 Direct F1, F2
transaction BLND Performance-based Restricted Stock Units Award $0 +250,000 $0.000000 250,000 13 Mar 2025 Class A Common Stock 250,000 Direct F3, 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 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.
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.