Blend Labs, Inc. — Director's Dealing 2021

Jul 16, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2021-07-15

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1083333	Indirect
Class A Common Stock	1492537	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (463061)		Indirect
Series A Preferred Stock	$		Class B Common Stock (7606645)		Indirect
Series B Preferred Stock	$		Class B Common Stock (3856742)		Indirect
Series B-1 Preferred Stock	$		Class B Common Stock (2724414)		Indirect
Series D Preferred Stock	$		Class B Common Stock (1684160)		Indirect
Series C Preferred Stock	$		Class B Common Stock (2870685)		Indirect
Series D Preferred Stock	$		Class B Common Stock (1684160)		Indirect
Series E Preferred Stock	$		Class B Common Stock (2261500)		Indirect

Footnotes

F1: Immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock, each share of Class A Common Stock as currently named will be reclassified into one share of Class B Common Stock and each share of Class B Common Stock as currently named will be reclassified into one share of Class A Common Stock. This Form 3 assumes all shares have been renamed as if such reclassification has already occurred.

F2: 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.

F3: 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.

F4: 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 will convert into Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock and has no expiration date.

F5: 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.