Brian Kneafsey - 20 Feb 2025 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 Feb 2025
Transactions value $
-$113,017
Form type
4
Filing time
21 Feb 2025, 18:59:48 UTC
Previous filing
30 Jan 2025
Next filing
22 May 2025
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 +9.66% 851,759 20 Feb 2025 Direct F1
transaction BLND Class A Common Stock Tax liability -$113,016 -28,325 -3.33% $3.99 823,434 20 Feb 2025 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 -20% $0 300,000 20 Feb 2025 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.