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: Ghamsari Nima (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-20	Class A Common Stock	C	345833	—	Acquired	6312498	Direct
2021-07-20	Class A Common Stock	J	6312498	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-20	Founders Preferred Stock	$	C	345833	Disposed		Class A Common Stock (345833)	Direct
2021-07-20	Class B Common Stock	$	J	6312498	Acquired		Class A Common Stock (6312498)	Direct

Footnotes

F1: Each share of Founders Preferred Stock was converted into one share of Class A Common Stock prior to the completion of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and immediately prior to the closing of the IPO, such shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.

F2: Immediately prior to the closing of the IPO, the Reporting Person's shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock in a transaction previously approved by the Issuer's board of directors. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.