Brian Kneafsey - Feb 20, 2025 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role: Head of Revenue
Signature: /s/ Winnie Ling, Attorney-in-fact
Stock symbol: BLND
Transactions as of: Feb 20, 2025
Transactions value $: -$113,017
Form type: 4
Date filed: 2/21/2025, 06:59 PM
Previous filing: Jan 30, 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		+75K	+9.66%		852K	Feb 20, 2025	Direct	F1
transaction	BLND	Class A Common Stock	Tax liability	-$113K	-28.3K	-3.33%	$3.99	823K	Feb 20, 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	-75K	-20%	$0.00	300K	Feb 20, 2025	Class A Common Stock	75K		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.