Amir Jafari - 13 Mar 2023 Form 4 Insider Report for Blend Labs, Inc. (BLND)

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	+2,000,000		$0.000000	2,000,000	13 Mar 2023	Class A Common Stock	2,000,000		Direct	F1, F2
transaction	BLND	Performance-based Restricted Stock Units	Award	$0	+1,000,000		$0.000000	1,000,000	13 Mar 2023	Class A Common Stock	1,000,000		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F2	25% of the RSUs will vest on February 20, 2024 and the remaining RSUs will vest in equal quarterly increments over a three 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 five year performance period, subject to the Reporting Person continuing to be a Service Provider through each such date.