Blend Labs, Inc. — Director's Dealing 2023

May 5, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2023-04-27

Reporting Person: Klinger Dean (Head of Go-To-Market)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$2.28	2032-09-29	Class A Common Stock (1400000)		Direct
Restricted Stock Units	$		Class A Common Stock (600000)		Direct

Footnotes

F1: 1/4th of the shares subject to this option will vest on September 6, 2023, and 1/48th of the shares vest monthly thereafter, subject to the Reporting Person continuing to be a Service Provider through each such date.

F2: 1/4th of the Restricted Stock Units ("RSUs") will vest on September 6, 2023, and the remaining RSUs will vest in equal quarterly increments over a three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

F3: Each Restricted Stock Unit represents a contingent right to receive one share of BLND Class A Common Stock.