Brian Kneafsey - 29 Apr 2024 Form 3 Insider Report for Blend Labs, Inc. (BLND)

Role: Head of Revenue
Signature: /s/ Winnie Ling, Attorney-in-fact
Issuer symbol: BLND
Transactions as of: 29 Apr 2024
Transactions value $: $0
Form type: 3
Filing time: 08 May 2024, 16:29:38 UTC
Next filing: 22 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BLND	Class A Common Stock						833,971	29 Apr 2024	Direct

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
holding	BLND	Restricted Stock Units							29 Apr 2024	Class A Common Stock	600,000		Direct	F1, F2
holding	BLND	Performance-based Restricted Stock Units							29 Apr 2024	Class A Common Stock	400,000		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 five year performance period, subject to the Reporting Person continuing to be a Service Provider through each such date.