Gerald C. Chen - 12 Jun 2025 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role: Director
Signature: /s/ Winnie Ling, Attorney-in-fact
Issuer symbol: BLND
Transactions as of: 12 Jun 2025
Net transactions value: $0
Form type: 4
Filing time: 13 Jun 2025, 18:04:50 UTC
Previous filing: 16 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Chen Gerald C.	Director	7250 REDWOOD BLVD., SUITE 300, NOVATO	/s/ Winnie Ling, Attorney-in-fact	13 Jun 2025	0001871516

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLND	Class A Common Stock	Options Exercise		+50,000	+132%		87,760	12 Jun 2025	Direct	F1
holding	BLND	Class A Common Stock						9,030,775	12 Jun 2025	See footnote	F2, F3
holding	BLND	Class A Common Stock						501,708	12 Jun 2025	See footnote	F3, F4
holding	BLND	Class A Common Stock						501,708	12 Jun 2025	See footnote	F3, F5

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	-50,000	-100%	$0.000000	0	12 Jun 2025	Class A Common Stock	50,000		Direct	F1, F6

* 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 are held of record by Greylock 15 Limited Partnership ("Greylock 15").
F3	Greylock 15 GP LLC ("Greylock LLC") is the general partner of each of Greylock 15, Greylock 15 Principals Limited Partnership ("Greylock Principals"), and Greylock 15-A Limited Partnership ("Greylock 15-A"). The Reporting Person disclaims beneficial ownership of all securities other than those he owns directly, if any, or by virtue of his indirect pro rata interest, as a managing member of Greylock LLC, in the Class A common stock owned by Greylock 15, Greylock Principals, and/or Greylock 15-A.
F4	Shares are held of record by Greylock Principals.
F5	Shares are held of record by Greylock 15-A.
F6	The RSUs will vest on the earlier of (i) the one year anniversary of the grant date, or (ii) the day prior to the date of the Issuer's next annual meeting of shareholders, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date.