Blend Labs, Inc. — Director's Dealing 2021

Jul 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2021-07-20

Reporting Person: Mhatre Ravi (10% Owner)
Reporting Person: Eggers Barry (10% Owner)
Reporting Person: Nieh Peter (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-20	Class A Common Stock	C	16335022	$0.00	Acquired	17418355	Indirect
2021-07-20	Class A Common Stock	C	4554845	$0.00	Acquired	6047382	Indirect
2021-07-20	Class A Common Stock	C	2261500	$0.00	Acquired	2261500	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-20	Class B Common Stock	$	C	463061	Disposed		Class A Common Stock (463061)	Indirect
2021-07-20	Series A Preferred Stock	$	C	7606645	Disposed		Class B Common Stock (7606645)	Indirect
2021-07-20	Series B Preferred Stock	$	C	3856742	Disposed		Class B Common Stock (3856742)	Indirect
2021-07-20	Series B-1 Preferred Stock	$	C	2724414	Disposed		Class B Common Stock (2724414)	Indirect
2021-07-20	Series D Preferred Stock	$	C	1684160	Disposed		Class B Common Stock (1684160)	Indirect
2021-07-20	Class B Common Stock	$	C	15871961	Acquired		Class A Common Stock (15871961)	Indirect
2021-07-20	Class B Common Stock	$	C	15871961	Disposed		Class A Common Stock (15871961)	Indirect
2021-07-20	Series C Preferred Stock	$	C	2870685	Disposed		Class B Common Stock (2870685)	Indirect
2021-07-20	Series D Preferred Stock	$	C	1684160	Disposed		Class B Common Stock (1684160)	Indirect
2021-07-20	Class B Common Stock	$	C	4554845	Acquired		Class A Common Stock (4554845)	Indirect
2021-07-20	Class B Common Stock	$	C	4554845	Disposed		Class A Common Stock (4554845)	Indirect
2021-07-20	Series E Preferred Stock	$	C	2261500	Disposed		Class B Common Stock (2261500)	Indirect
2021-07-20	Class B Common Stock	$	C	2261500	Acquired		Class A Common Stock (2261500)	Indirect
2021-07-20	Class B Common Stock	$	C	2261500	Disposed		Class A Common Stock (2261500)	Indirect

Footnotes

F1: Shares are held by Lightspeed Venture Partners IX, L.P ("Lightspeed IX"). Lightspeed General Partner IX, L.P. ("LGP IX"), is the general partner of Lightspeed IX. Lightspeed Ultimate General Partner IX, Ltd. ("LUGP IX") is the general partner of LGP IX. Barry Eggers, Ravi Mhatre, and Peter Nieh are the directors of LUGP IX and share voting and dispositive power with respect to the shares held by Lightspeed IX. Messrs. Eggers, Mhatre, and Nieh disclaim beneficial ownership of the shares held by Lightspeed IX except to the extent of their respective pecuniary interests therein.

F2: Shares are held by Lightspeed Venture Partners Select, L.P. ("Lightspeed Select"). Lightspeed General Partner Select, L.P. ("LGP Select") is the general partner of Lightspeed Select. Lightspeed Ultimate General Partner Select, Ltd. ("LUGP Select") is the general partner of LGP Select. Barry Eggers, Jeremy Liew, Ravi Mhatre and Peter Nieh are the directors of LUGP Select and share voting and dispositive power with respect to the shares held by Lightspeed Select. LGP Select, LUGP Select and Messrs. Eggers, Liew, Mhatre and Nieh disclaim beneficial ownership of the shares held by Lightspeed Select, except to the extent of their respective pecuniary interests therein.

F3: Shares are held by Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III"). Lightspeed Ultimate General Partner Select III, Ltd ("LUGP Select III") is the general partner of Lightspeed Select III. Barry Eggers, Jeremy Liew, Ravi Mhatre, and Peter Nieh are the directors of LUGP Select III and share voting and dispositive power with respect to the shares held by Lightspeed Select III. LUGP Select III and Messrs. Eggers, Liew, Mhatre and Nieh disclaim beneficial ownership of the shares held by Lightspeed Select III, except to the extent of their respective pecuniary interests therein.

F4: Each share of Class B Common Stock was converted into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock.

F5: Each share of Series A Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock was first converted into one share of Class B Common Stock followed by a subsequent conversion into Class A Common Stock prior to the completion of the Issuer's initial public offering of Class A Common Stock.