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: Ling Winnie (Head of Legal)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	50720	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$14.01	2031-05-28	Class A Common Stock (62862)		Direct
Restricted Stock Units	$		Class A Common Stock (27243)		Direct
Restricted Stock Units	$		Class A Common Stock (33750)		Direct
Restricted Stock Units	$		Class A Common Stock (200000)		Direct

Footnotes

F1: 1/4th of the shares subject to this option vested on April 6, 2022, 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: The Restricted Stock Units ("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.

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

F4: The RSUs vest in equal quarterly increments over an 18 month period, subject to the Reporting Person continuing to be a Service Provider through each such date.

F5: 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.