Winnie Ling - 20 Aug 2024 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
HEAD OF LEGAL AND PEOPLE
Signature
/s/ Winnie Ling
Issuer symbol
BLND
Transactions as of
20 Aug 2024
Net transactions value
-$113,836
Form type
4
Filing time
22 Aug 2024, 16:10:07 UTC
Previous filing
21 Jun 2024
Next filing
13 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +25,000 +9.6% 285,090 20 Aug 2024 Direct F1
transaction BLND Class A Common Stock Options Exercise +50,000 +18% 335,090 20 Aug 2024 Direct F1
transaction BLND Class A Common Stock Tax liability $113,836 -28,674 -8.6% $3.97 306,416 20 Aug 2024 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 -25,000 -33% $0.000000 50,000 20 Aug 2024 Class A Common Stock 25,000 Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -50,000 -20% $0.000000 200,000 20 Aug 2024 Class A Common Stock 50,000 Direct F1, F3
* 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 two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.