Nima Ghamsari - 20 May 2025 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
HEAD OF BLEND, Director
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 May 2025
Net transactions value
-$718,141
Form type
4
Filing time
22 May 2025, 20:10:36 UTC
Previous filing
14 Mar 2025
Next filing
13 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ghamsari Nima HEAD OF BLEND, Director 7250 REDWOOD BLVD., SUITE 300, NOVATO /s/ Winnie Ling, Attorney-in-fact 22 May 2025 0001870974

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +375,000 +6.5% 6,137,688 20 May 2025 Direct F1
transaction BLND Class A Common Stock Options Exercise +125,000 +2% 6,262,688 20 May 2025 Direct F1
transaction BLND Class A Common Stock Tax liability $718,141 -196,751 -3.1% $3.65 6,065,937 20 May 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 -375,000 -10% $0.000000 3,375,000 20 May 2025 Class A Common Stock 375,000 Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -125,000 -12% $0.000000 875,000 20 May 2025 Class A Common Stock 125,000 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 four 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 two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.