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

Reporting relationship: HEAD OF FINANCE AND ADMIN.
Issuer ticker: BLND
Reported as of: 13 Mar 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Mar 2025, 16:10:05 UTC
Prior SEC filing: 21 Feb 2025
Next SEC filing: 22 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Winnie Ling, Attorney-in-fact

Key filing fact

Amir Jafari filed Form 4 for Blend Labs, Inc. (BLND) on 14 Mar 2025.

Key facts

This page summarizes Amir Jafari's Form 4 filing for Blend Labs, Inc. (BLND).
4 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 14 Mar 2025, 16:10.

Change

Previous filing in this sequence was filed on 21 Feb 2025.
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 derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BLND transaction Derivative

Performance-based Restricted Stock Units.

Disposed to Issuer

Transaction value
Shares: -750,000
Change %: -100%
Price
Shares after: 0
Date: 13 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 750,000
Exercise price
Footnotes: F1, F2, F3

BLND transaction Derivative

Performance-based Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -150,000
Change %: -100%
Price
Shares after: 0
Date: 13 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 150,000
Exercise price
Footnotes: F1, F2, F4

BLND transaction Derivative

Performance-based Restricted Stock Units

Award

Transaction value: $0
Shares: +1,300,000
Change %
Price: $0.000000
Shares after: 1,300,000
Date: 13 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,300,000
Exercise price
Footnotes: F1, F5

BLND transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +750,000
Change %
Price: $0.000000
Shares after: 750,000
Date: 13 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 750,000
Exercise price
Footnotes: F6, F7

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.

Footnote F2

The PSUs were eligible to vest in four (4) equal tranches based on the Company's stock price performance over a five year performance period, subject to the Reporting Person continuing to be a Service Provider through each such date.

Footnote F3

On March 13, 2025, the Issuer canceled 750,000 PSUs granted to the Reporting Person on March 13, 2023. In exchange, the Reporting Person received an aggregate of 1,300,000 replacement PSUs.

Footnote F4

On March 13, 2025, the Issuer canceled 150,000 PSUs granted to the Reporting Person on August 23, 2023. In exchange, the Reporting Person received an aggregate of 1,300,000 replacement PSUs.

Footnote F5

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.

Footnote F6

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.

Footnote F7

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.