Blend Labs, Inc. — Director's Dealing 2023

May 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2023-05-20

Reporting Person: Ling Winnie (Head of Legal)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-20	Class A Common Stock	M	13621	—	Acquired	64341	Direct
2023-05-20	Class A Common Stock	M	25000	—	Acquired	89341	Direct
2023-05-20	Class A Common Stock	F	13812	$0.929	Disposed	75529	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-20	Restricted Stock Units	$	M	13621	Disposed		Class A Common Stock (13621)	Direct
2023-05-20	Restricted Stock Units	$	M	25000	Disposed		Class A Common Stock (25000)	Direct

Footnotes

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 vest in equal quarterly increments over a one year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

F4: The RSUs 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.