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

Role
Head of Revenue
Signature
/s/ Winnie Ling, Attorney-in-fact
Issuer symbol
BLND
Transactions as of
20 Aug 2024
Transactions value $
-$106,241
Form type
4
Filing time
22 Aug 2024, 16:10:13 UTC
Previous filing
22 May 2024
Next filing
22 Nov 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 +75,000 +8.5% 957,211 20 Aug 2024 Direct F1
transaction BLND Class A Common Stock Tax liability -$106,241 -26,761 -2.8% $3.97 930,450 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 -75,000 -14.29% $0 450,000 20 Aug 2024 Class A Common Stock 75,000 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.