Ravi Mhatre - 06 Dec 2021 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Reporting relationship: 10%+ Owner
Issuer ticker: BLND
Reported as of: 06 Dec 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 08 Dec 2021, 19:26:40 UTC
Prior SEC filing: 22 Jul 2021
Next SEC filing: 24 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ Ravi Mhatre

Key filing fact

Ravi Mhatre filed Form 4 for Blend Labs, Inc. (BLND) on 08 Dec 2021.

Key facts

This page summarizes Ravi Mhatre's Form 4 filing for Blend Labs, Inc. (BLND).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 08 Dec 2021, 19:26.

Change

Previous filing in this sequence was filed on 22 Jul 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BLND transaction

Class A Common Stock

Other

Transaction value: $0
Shares: -2,600,000
Change %: -15%
Price: $0.000000
Shares after: 14,818,355
Date: 06 Dec 2021
Ownership: By Lightspeed Venture Partners IX, L.P
Footnotes: F1, F2

BLND transaction

Class A Common Stock

Other

Transaction value: $0
Shares: +82,908
Change %
Price: $0.000000
Shares after: 82,908
Date: 06 Dec 2021
Ownership: Direct
Footnotes: F3, F4

BLND transaction

Class A Common Stock

Other

Transaction value: $0
Shares: +82,908
Change %
Price: $0.000000
Shares after: 82,908
Date: 06 Dec 2021
Ownership: Direct
Footnotes: F3, F5

BLND transaction

Class A Common Stock

Other

Transaction value: $0
Shares: +82,908
Change %
Price: $0.000000
Shares after: 82,908
Date: 06 Dec 2021
Ownership: Direct
Footnotes: F3, F6

BLND holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,047,382
Date: 06 Dec 2021
Ownership: By Lightspeed Venture Partners Select, L.P.
Footnotes: F7

BLND holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,261,500
Date: 06 Dec 2021
Ownership: By Lightspeed Venture Partners Select III, L.P.
Footnotes: F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed Venture Partners IX, L.P ("Lightspeed IX") to its general partner and limited partners without additional consideration. The general partner further distributed the shares received in this distribution to its members on a pro rata basis for no consideration.

Footnote F2

Shares are held by Lightspeed IX. Lightspeed General Partner IX, L.P. ("LGP IX"), is the general partner of Lightspeed IX. Lightspeed Ultimate General Partner IX, Ltd. ("LUGP IX") is the general partner of LGP IX. Barry Eggers, Ravi Mhatre, and Peter Nieh are the directors of LUGP IX and share voting and dispositive power with respect to the shares held by Lightspeed IX. Each of Messrs. Eggers, Mhatre, and Nieh disclaims beneficial ownership of the shares held by Lightspeed IX except to the extent of his respective pecuniary interest therein.

Footnote F3

Represents receipt of shares in the distribution in kind described in footnote (1).

Footnote F4

Shares are held by Ravi Mhatre.

Footnote F5

Shares are held by Barry Eggers.

Footnote F6

Shares are held by Peter Nieh.

Footnote F7

Shares are held by Lightspeed Venture Partners Select, L.P. ("Lightspeed Select"). Lightspeed General Partner Select, L.P. ("LGP Select") is the general partner of Lightspeed Select. Lightspeed Ultimate General Partner Select, Ltd. ("LUGP Select") is the general partner of LGP Select. Barry Eggers, Ravi Mhatre and Peter Nieh are directors of LUGP Select and share voting and dispositive power with respect to the shares held by Lightspeed Select. Each of Messrs. Eggers, Mhatre, and Nieh disclaims beneficial ownership of the shares held by Lightspeed Select except to the extent of his respective pecuniary interest therein.

Footnote F8

Shares are held by Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III"). Lightspeed General Partner Select III, L.P. ("LGP Select III") is the general partner of Lightspeed Select III. Lightspeed Ultimate General Partner Select III, Ltd ("LUGP Select III") is the general partner of LGP Select III. Barry Eggers, Ravi Mhatre, and Peter Nieh are directors of LUGP Select III and share voting and dispositive power with respect to the shares held by Lightspeed Select III. Each of Messrs. Eggers, Mhatre, and Nieh disclaims beneficial ownership of the shares held by Lightspeed Select III except to the extent of his respective pecuniary interest therein.